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Which of the following is not true regarding reversing entries? Multiple Choice Reversing entries are used to simplify a company's record keeping. Reversing entries are
Which of the following is not true regarding reversing entries?
Multiple Choice
Reversing entries are used to simplify a company's record keeping.
Reversing entries are optional.
Reversing entries are used for adjusting entries involving accrued revenues and accrued expenses.
Reversing entries should not be the exact opposite of previous period adjusting entries.
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