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Perform the operation.
Reversing Entries
Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.
Adjusting Entries
Bookkeeping adjustments made before the preparation of financial statements to account for accruals and deferrals not recorded through daily transactions.
Optional
Optional refers to a choice or item that is not mandatory and can be selected based on preference or requirement.
Adjusting Entries
These are journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
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