Reversing Entries

question 46

Multiple Choice

Reversing entries:

• A) Will often result temporarily in abnormal account balances in some accounts.
• B) Must be made before preparing the post-closing trial balance.
• C) Are a required step in the accounting cycle.
• D) Are required only if the company uses accounting software to record journal entries.
• E) Are necessary when journal entries have been incorrectly recorded.

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Definitions:

Audience

The group of people who actively engage with or are targeted by media content, performances, or art.

Mass-mediated Communication

The transmission of information and messages to a large audience through the use of mass media channels.

Face-to-face

Direct interaction between people in the same physical space, often used to describe in-person meetings.

Politics

The activities associated with the governance of a country or area, especially the debate between parties having power.