A Reversing Entry Could Include a

question 129

Multiple Choice

A reversing entry could include a

• A)debit to a revenue account.
• B)debit to an expense account.
• C)credit to a revenue account.
• D)debit or a credit to Cash.

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Definitions:

Paraphrased Text

Text that has been rewritten or reworded to achieve greater clarity, vary expression, or simplify the original content.

E-Business

The conduct of business processes on the internet, including buying and selling products, servicing customers, and collaborating with partners.

Cloud-Hosted Resources

Services, applications, or data storage facilities that are provided and accessed over the internet and maintained on remote servers.

B2B Transactions

Business-to-business dealings that involve the exchange of goods, services, or information between companies rather than between companies and consumers.