Reversing Entries Are Used to Reverse Accrued Revenues and Expenses

question 70

True/False

Reversing entries are used to reverse accrued revenues and expenses.

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Definitions:

Tetrahedron

A polyhedron with four faces, typically each an equilateral triangle, making up one of the simplest geometrical shapes in three dimensions.

Octahedron

A polyhedron with eight faces.

Dodecahedron

A polyhedron with twelve flat faces, each face being a pentagon.

Cubic

A common arrangement of atoms in a mineral or the tendency for a mineral to break along three perpendicular planes.