Reversing Entries

question 48

Multiple Choice

Reversing entries:

• A)Are necessary when journal entries have been incorrectly recorded.
• B)Are a required step in the accounting cycle.
• C)Will often result temporarily in abnormal account balances in some accounts.
• D)Are required only if the company uses accounting software to record journal entries.
• E)Must be made before preparing the post-closing trial balance.

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Definitions:

Domestic Violence

A pattern of abusive behaviors by one partner against another in an intimate relationship, including physical, sexual, and psychological abuse.

Sexual Coercion

The act of using pressure, alcohol, drugs, or force to have sexual contact with someone against their will.

Power

The capacity or ability to direct or influence the behavior of others or the course of events, often within social, economic, or political contexts.

Dominance

The power or influence one entity has over others, often seen in social, economic, or ecological contexts.