The Purpose of Reversing Entries Is To

Multiple Choice

The purpose of reversing entries is to:

A) Simplify a company's recording of certain journal entries in the future.
B) Correct errors made in previous journal entries.
C) Ensure that closing entries have been properly posted to the ledger accounts.
D) Make certain that only permanent accounts are carried forward into the next accounting period.
E) Complete a required step in the accounting cycle.