Which of the following is an optional step in the accounting cycle?
A) Adjusting entries
B) Closing entries
C) Correcting entries
D) Reversing entries

Name: Which of the following is an optional step in the accounting cycle? A) Adjusting entries B) Closing entries C) Correcting entries D) Reversing entries
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Question

Quizplus · Accepted Answer

Reversing entries are optional and may be used to simplify the accounting process. Adjusting entries, closing entries, and correcting entries are all necessary steps in the accounting cycle.

Which of the Following Is an Optional Step in the Accounting