Question: A reversing entry can be described as a(n): Multiple select question. optional entry. entry that is used for adjusting entries involving accrued revenues and accrued

A reversing entry can be described as a(n): Multiple select question. optional entry. entry that is used for adjusting entries involving accrued revenues and accrued expenses. entry that reduces expenses reported on the income statement. required entry done at the end of an accounting period. entry that is the exact opposite of an accrual adjusting entry. entry whose purpose is to simplify a company's record keeping

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