Reversing receipt with a GL date earlier than the latest receipt application date

Clients current practice for certain customer payments is to have the bank issue a settlement file (before the payments in the file have been confirmed by the bank) that is subsequently loaded into Oracle as standard receipts via lockbox and applied to future period dated AR standard invoices (e.g.Receipt gl date is Nov-2013 and application date is Dec-2013).   Subsequent to the application process , bank contacts client and notifies them that some of the records in the bank file needed reversal because of NSF and other reasons.  In R11, client reversed the receipt in Nov-2013 GL period without error.   In