If a Company Utilizes Reversing Entries They Will

question 191

Multiple Choice

If a company utilizes reversing entries they will

• A) be made at the beginning of the next accounting period.
• B) not actually be posted to the general ledger accounts.
• C) be made before the post-closing trial balance.
• D) be part of the adjusting entry process.

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Definitions:

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A group of legal professionals within a law society who are responsible for various regulatory and administrational functions.

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The state of being imprisoned or confined in a jail or prison as a form of punishment following a conviction for a crime.

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Counsel given by a lawyer or legal expert regarding the legal consequences of a situation or proposed course of action.

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A continuous dimension that is used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.