A Reversing Entry Is ________

question 147

Multiple Choice

A reversing entry is ________.

• A) a journal entry used to close the temporary accounts after preparation of financial statements
• B) a special journal entry used to make the adjustments that took place after preparing the trial balance
• C) a special journal entry that eases the burden of accounting for transactions in the next period
• D) a journal entry prepared at the end of an accounting period to match assets with liabilities

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Definitions:

Seeking Closeness

The desire or pursuit of physical or emotional proximity to others, often motivated by attachment needs.

Childhood Disintegrative Disorder

A rare condition characterized by late onset (typically after 3 years of age) of developmental delays in language, social function, and motor skills.

Separation Anxiety Disorder

A psychological condition in which an individual experiences excessive fear or anxiety about separation from home or from people to whom the individual has a strong emotional attachment.

Asperger's Disorder

A condition within the autism spectrum, marked by notable challenges in social engagement and nonverbal communication, as well as limited and repetitive behaviors and interests.