Unformatted text preview: required step in the accounting process. If the reversing entries were not used, then there would be correcting entries that would need to be addressed. Expense accounts might find the use of reversing entries very useful in the recording process. In most instances, only accrued adjusting entries are reversed. Non-accrual accounts would not use reversing entries....
View Full Document
This note was uploaded on 12/13/2011 for the course ACCOUNTING ACC 280 taught by Professor Kenfredrickson during the Spring '09 term at University of Phoenix.
- Spring '09