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Why accountant need to make a reversing entry

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Reference no: EM13160377

What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries? What types of transactions may require reversing entries?

Reference no: EM13160377

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Why accountant need to make a reversing entry : What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries?
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