Homework Clinic

Social Science Clinic => Accounting => Topic started by: V@ndy87 on Nov 11, 2019

Title: Reversing entries are general journal entries that
Post by: V@ndy87 on Nov 11, 2019

Reversing entries are general journal entries that
◦ are the opposite of adjusting entries.
◦ only affect balance sheet accounts.
◦ only affect income statement accounts.
◦ are the same as the adjusting entries.

Title: Reversing entries are general journal entries that
Post by: Shshxj on Nov 11, 2019

are the opposite of adjusting entries.