The accountant in Bede Camerons business has never worried about preparing reversing entries. However, a newly employed

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The accountant in Bede Cameron’s business has never worried about preparing reversing entries. However, a newly employed trainee accountant has strongly suggested to Bede that reversing entries are quite useful. Show, by way of a numerical example involving interest payable, how reversing entries can be used in the business accounts and discuss the benefits that reversing entries can provide.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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