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:

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