Question: When fixing errors in accounting entries, many accountants simply reverse the incorrect entry and then record the correct entry because Select answer from the options
When fixing errors in accounting entries, many accountants simply reverse the incorrect entry and then record the correct entry because
Select answer from the options below
a.it prevents the need for prior period adjustments.
b.it allows for more entries and more postings.
c.it is often easier and more logical that way.
d.reversing entries can be posted directly to the trial balance.
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