A Reversing Entry Reverses the Effects of an Adjusting Entry

question 24

True/False

A reversing entry reverses the effects of an adjusting entry from the previous period.​

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Definitions:

Destruction

The act of causing so much damage to something that it no longer exists or cannot be repaired.

Home

A place of residence or refuge for individuals or families, often providing emotional, social, and physical comfort.

Intrude Into Consciousness

The process by which thoughts or feelings enter one's awareness without deliberate intention.

Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession, or according to rigid rules.