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    Principles of Financial Accounting Study Set 1
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    Exam 4: Completion of the Accounting Cycle
  5. Question
    A Reversing Entry Is Made at the Beginning of the Next
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A Reversing Entry Is Made at the Beginning of the Next

Question 138

Question 138

True/False

A reversing entry is made at the beginning of the next accounting period and is the exact opposite of the adjusting entry that was made in the previous period.

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