In the General Journal, Reversing Entries Are Dated as of

question 72

Multiple Choice

In the general journal, reversing entries are dated as of

• A) the last day of the old fiscal period.
• B) the first day of the new fiscal period.
• C) any day during the month of the new fiscal period.
• D) any time before the end of the fiscal period.

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Definitions:

Preset Value

A specific value assigned in advance to control or configure the behavior of a program or device.

Timer File

A collection of timers in a PLC or software application, organized in a specific format for scheduling or tracking events.

SLC 500

A series of small programmable logic controllers (PLCs) manufactured by Allen-Bradley designed for small to mid-size automation projects.

Accumulated Value

In computing and data processing, this term refers to a total that increases over time as more data or units are added.