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Accountants use reserve accounts for various reasons, for each of the cases below describe a specific account example that matches the scenario. The use of
- Accountants use reserve accounts for various reasons, for each of the cases below describe a specific account example that matches the scenario.
- The use of a reserve account in order to match expenses with revenues.
- The use of a reserve account in order to keep expenses out of the income statement.
- The use of a reserve account in order to revalue an asset, but delay the income recognition effect.
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