The use of reversing entries is
A) required.
B) required whenever adjusting entries are omitted.
C) optional.
D) optional unless computerized accounting systems are used.

Question

Quizplus · Accepted Answer

Reversing entries are optional and are typically only used in certain situations, such as when prepayments or accruals are made at the end of an accounting period. They are not required and are not necessary for all adjusting entries. The use of reversing entries may depend on the company's accounting system and processes.

The Use of Reversing Entries Is