Multiple Choice
The statement relating to reversing entries that is correct is:
A) Reversing entries are always necessary
B) There are alternative ways of dealing with the effect of accruals in subsequent periods without using reversing entries.
C) Reversing entries are never appropriate for deferral type entries
D) Depreciation is an adjustment that requires reversing in the subsequent period
Correct Answer:
Verified
Correct Answer:
Verified
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