If a company utilizes reversing entries they will
A) be made at the beginning of the next accounting period.
B) not actually be posted to the general ledger accounts.
C) be made before the post-closing trial balance.
D) be part of the adjusting entry process.

Question

Quizplus · Accepted Answer

Reversing entries are made at the beginning of the next accounting period to cancel out the effects of certain adjusting entries made in the previous period. This allows for easier and more accurate recording of transactions in the new period.

If a Company Utilizes Reversing Entries They Will