Reversing entries are
A)Linked to accrued assets and liabilities that were created by adjusting entries at the end of the previous accounting period.
B)Used to simplify a company's record keeping.
C)Dated the first day of the next accounting period.
D)Optional.
E)All of these answers are correct.

Question

Quizplus · Accepted Answer

Reversing entries are linked to accrued assets and liabilities, used to simplify record keeping, dated the first day of the next accounting period, and are optional, making all the provided statements correct.

Reversing Entries Are