Reversing Entries Are an Optional Part of the Accounting Cycle

question 82

True/False

Reversing entries are an optional part of the accounting cycle.

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Definitions:

Entry

The act of entering or the point at which one gains access to a place, organization, or system.

Content Tactics

Strategies used to create, publish, and manage content in order to achieve specific business and marketing goals.

Socialization Outcomes

The results or effects of the process by which an individual learns and incorporates the norms and values of a group or society.

Debasement

The act of lowering in rank, dignity, or significance.