Adjusting entries that should be reversed include
A) all accrued revenues.
B) all accrued expenses.
C) those that debit an asset or credit a liability.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All of the options listed should be reversed because they involve adjustments made at the end of an accounting period, which must be reversed at the start of the next period. This ensures that the financial statements reflect the correct balances for assets, liabilities, revenues, and expenses.

Adjusting Entries That Should Be Reversed Include