Homework Clinic

Social Science Clinic => Accounting => Topic started by: DyllonKazuo on Nov 11, 2019

Title: Reversing entries occur at the beginning of the accounting period and
Post by: DyllonKazuo on Nov 11, 2019

Reversing entries occur at the beginning of the accounting period and
◦ reverse the adjusting entries.
◦ simplify the bookkeeping associated with accruals from the prior period.
◦ help to reduce potential errors.
◦ All of the above are correct.

Title: Reversing entries occur at the beginning of the accounting period and
Post by: perkiness on Nov 11, 2019

All of the above are correct.