Which of the Following Statements Is FALSE About Reversing Entries

question 31

Multiple Choice

Which of the following statements is FALSE about reversing entries?

• A) They are not required by GAAP.
• B) They are used for convenience and to save time.
• C) The reversing entry is exactly the opposite of a prior adjusting entry.
• D) The reversing entry is posted on the last day of the month.

---

Definitions:

Sandwich Generation

A generation of people, typically in their thirties or forties, responsible for bringing up their own children while also providing care for their aging parents.

Middle-Aged

A term typically referring to people who are in their middle years, often considered to be between 45 and 65.

Passive-Aggressive Behavior

A pattern of indirectly expressing negative feelings instead of openly addressing them.

Hardiness

Personal qualities, including a sense of control, orientation toward personal growth, and commitment to life choices, that influence adults’ ability to adapt to changes and life circumstances.