Reversing Entries Are Used for Convenience and to Save Time

question 98

True/False

Reversing entries are used for convenience and to save time.

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Definitions:

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Social Responsibility

The ethical framework suggesting that individuals and companies have an obligation to act for the benefit of society at large.

Views

Opinions or perspectives held by individuals.