Discuss reversing entries

Reference no: EM1358578

Question: What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?

Reference no: EM1358578

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Discuss reversing entries : What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?

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