A reversing entry ________.
A) is required by Generally Accepted Accounting Principles (GAAP)
B) is dated the last day of an accounting period
C) exactly resembles the prior adjusting entry prepared in the books
D) switches the debit and the credit of a previous entry
Correct Answer:
Verified
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A)overall
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Q150: Reversing entries are _.
A)the exact opposite of
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A) a journal
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