The Purpose of Reversing Entries Is To

question 37

Multiple Choice

The purpose of reversing entries is to:

• A)Simplify a company's recording of certain journal entries in the future.
• B)Correct errors made in previous journal entries.
• C)Ensure that closing entries have been properly posted to the ledger accounts.
• D)Make certain that only permanent accounts are carried forward into the next accounting period.
• E)Complete a required step in the accounting cycle.

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Physical actions that result in stress or strain upon an object or material, including pulling, pushing, twisting, and compression, significant in physics and engineering.