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H3Ko H3Ko
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7 years ago
A reversing entry is ________.
A) a journal entry used to close the temporary accounts after preparation of financial statements
B) a journal entry prepared at the end of an accounting period to match assets with liabilities
C) a special journal entry that eases the burden of accounting for transactions in the next period
D) a special journal entry used to make the adjustments that took place after preparing the trial balance
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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