A Reversing Entry Could Be Used If

question 85

Multiple Choice

A reversing entry could be used if

• A) there is an adjusting entry.
• B) the adjusting entry increases an asset or liability account.
• C) the adjusting entry account did not have a previous balance.
• D) all of these were true.
• E) none of these were true.

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Definitions:

Canadian Newspaper

A publication that provides news, analysis, and commentary, specifically targeting or originating from Canada.

Printing

The process of reproducing text and images using a master form or template, historically significant for the dissemination of knowledge.

First

The initial element or starting point in a series or process.

Mass Communication

The exchange of information on a large scale to a wide range of people through mediums like television, radio, newspapers, and the internet.