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Posted on Oct 23, 2024

A reversing entry should never be made for an adjusting entry that A reversing entry should never be made for an adjusting entry that adjusts

A reversing entry should

never

be made for an adjusting entry that

A reversing entry should

never

be made for an adjusting entry that

adjusts expired costs from an asset account to an expense account.

adjusts unexpired costs from an expense account to an asset account.

accrues unrecorded revenue.

accrues unrecorded expenses.

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