Reversing Entries Occur at the Beginning of the Accounting Period

question 96

Multiple Choice

Reversing entries occur at the beginning of the accounting period and:

• A) help to reduce potential errors.
• B) simplify the bookkeeping associated with accruals from the prior period.
• C) reverse the adjusting entries.
• D) All of the above are correct.

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Definitions:

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Information derived from scientific research and methods that serves to support or refute a hypothesis or theory.

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