It reset a Transaction from Entered state / Posted State.Transaction once Posted ,can not be Reset and Can not be deleted. If Transaction is in (P) Posted state, transfer of fund take place with immediate effect and both accounts get updated in the database at Server end.Transaction can be Reset and Can be deleted.Transaction is in (E) entered state, actual transfer of fund not take place, accounts will be not updated in the database at server end.and in finacle a Transaction can have following state: In a Transaction in accounting procedure there are two basic parts Debit and Credit. In other words there is maker checker concept by two different user IDs. same user cannot enter/Post and Verify the transaction. In this way, strict control is kept over system software and data keeping in mind functional division of labor between all classes of employees.Īny transaction in Finacle has to be processed by different user i.e. Here the segregation of duties plays an important role. Maker-checker (or Maker and Checker, or 4-Eyes) is one of the central principles of authorization in the Information Systems of financial. But before going in to details of this command lets first know the basics of the Maker -Cheker concept which is used extensively in finacle.
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