Summary of Reversing Entries
{"Image DocumentName": "Summary of Reversing Entries", "Image ImageDescription": "APPENDIX 3B. USING REVERSING ENTRIES. Summary of Reversing Entries. All accruals should be reversed. All deferrals for which a company debited or credited the original cash transaction to an expense or revenue account should be reversed. Adjusting entries for depreciation and bad debts are not reversed. Recognize that reversing entries do not have to be used. Therefore, some accountants avoid them entirely. LO 10 Identifying adjusting entries that may be reversed.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}