Ask Experts Questions for FREE Help !
Ask
    cindyholmes's Avatar
    cindyholmes Posts: 1, Reputation: 1
    New Member
     
    #1

    May 14, 2010, 10:08 PM
    What types of transactions may require reversing entries?
    What types of transactions may require reversing entries?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
     
    #2

    May 15, 2010, 12:37 AM

    Accrual type entries at balance date require reversing entries.
    A mistaken journal entry requires
    A reversing entry and replaced by a correct one.
    GWhitfield's Avatar
    GWhitfield Posts: 1, Reputation: 1
    New Member
     
    #3

    Nov 6, 2010, 11:10 AM
    What types of transaction may require reversing entries?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Reversing entries? [ 1 Answers ]

An examination of the ledger shos this error: The Service Revenue account was totaled at $5200 instead of $5280. How do I correct this on a T-account? Do I just add the 80 bucks or is there something else I can do, none of the research I have done has been able to help neither does my book!!

Reversing entries [ 1 Answers ]

Does year end adjusting entries need reversing entries afterwards?:confused:

Reversing entries [ 2 Answers ]

I have a problem that says to reversing entries by the previous year's adjusting entries. It want me to reverse Interest income $307.50 Salaries expense That give me Sales salaries $1306, Office Salaries $607 I will add them together and get $1913 for Salaries payable. Interest Expense $1,755. How...


View more questions Search