Question and answer
In the general journal, reversing entries are dated as of: the last day of the old fiscal period the first day of the new fiscal period any day during the month of the new
fiscal period any time before the end of the fiscal period
Reversing entries are made on the first day of an accounting period in order to remove certain adjusting entries made in the previous accounting period. [ [ Reversing entries are used in order to avoid the double counting of revenues or expenses and to allow for the efficient processing of documents. Reversing entries are most often used with accrual-type adjusting entries. ] ]
Expert answered|chantalle25|Points 84|
Question
Asked 9/9/2012 10:50:39 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
I'm the obligor in a Child Support case,after the payment agreements,and paternity test proving it was mine,I got the military to deduct my payments to the mother,but forgot to sign the payment agreement for the social workers,and a social worker is looking for me, why?
Weegy: Being a responsible father does not need to involve another party, if giving child support to your children is the only thing you do, why not do it your self..? (More)
Question
Expert Answered
Asked 9/2/2012 10:01:46 PM
0 Answers/Comments
I'm the obligor in a Child Support case,after the payment agreements,and paternity test proving it was mine,I got the military to deduct my payments to the mother,but forgot to sign the payment agreement for the social workers,and a social worker is looking for me, why?
Weegy: If you did not sign the official paperwork that is submitted to the courts then there may be a break down in communication. [ The social worker may not know that you have made special arrangements or any other changes made as far as making payments for your child support obligations. ] (More)
Question
Expert Answered
Asked 9/2/2012 10:00:04 PM
0 Answers/Comments
Net price times single equivalent discount rate equals amount of trade discount. True False
Weegy: The answer is false. (More)
Question
Expert Answered
Asked 9/8/2012 2:51:18 AM
0 Answers/Comments
A percent is the result of a number being expressed as a fraction of 100. True False
Weegy: True, A percent is the result of a number being expressed as a fraction of 100. (More)
Question
Expert Answered
Asked 9/8/2012 2:54:05 AM
0 Answers/Comments
21,771,955 questions answered
Popular Conversations
The sequence 2, 2, 2, 2, ... is a) arithmetic sequence b) geometric ...
Weegy: A sequence such as 1, 5, 9, 13, 17 or 12, 7, 2, ?3, ?8, ?13, ?18 which has a constant difference between terms. ...
8/3/2015 12:03:10 PM| 8 Answers
Demosthenes
Weegy: Demosthenes was a prominent Greek statesman and orator of ancient Athens. User: Aristophanes was one of ...
8/2/2015 10:05:42 PM| 3 Answers
Susan bought a new computer. She purchased a .
Weegy: What is your question for weegy? User: what is a consumer User: what is service Weegy: what kind of service ...
8/3/2015 9:59:24 AM| 3 Answers
The best time to exercise is A. in the morning. B. in the ...
Weegy: How may I help you?
8/3/2015 10:28:42 AM| 3 Answers
The purpose of accounting is to provide financial information about a ...
Weegy: what is your question?
8/3/2015 11:51:29 AM| 3 Answers
service business.
Weegy: what kind of service you are looking for? User: what is merchandising business.
8/2/2015 6:24:49 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 148 [Total 10501]| Ratings 0| Comments 148| Invitations 0|Offline
S
Points 98 [Total 413]| Ratings 0| Comments 98| Invitations 0|Offline
S
Points 74 [Total 300]| Ratings 0| Comments 74| Invitations 0|Offline
S
Points 66 [Total 67]| Ratings 0| Comments 66| Invitations 0|Online
S
L
L
P
1
Points 36 [Total 8609]| Ratings 0| Comments 36| Invitations 0|Offline
S
1
L
L
Points 25 [Total 8493]| Ratings 0| Comments 25| Invitations 0|Offline
S
Points 11 [Total 11]| Ratings 0| Comments 11| Invitations 0|Offline
S
Points 3 [Total 3]| Ratings 0| Comments 3| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.