The Purpose of Reversing Entries Is To

Multiple Choice

The purpose of reversing entries is to:

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