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Why are reversing entries optional?

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What are the four closing journal entries? Why are these necessary?

?Auditor's Report, describe what information it contains and why it is important.

What were the Hershey Company's total assets at the end of 2009?

What were the total assets in 2008? Explain the changes that occurred in the asset accounts between these two periods.

What was the net income for Zetar PLC for each of the years shown? Did the company's net income increase or decrease from 2008 to 2009? What reasons might there be for the change in net income?

Write a 200- to 300-word paragraph answering the following questions:

•What are the pros and cons of using reversing entries?

•Why are reversing entries optional?

Format your paragraph consistent with APA guidelines.

 

Reference no: EM13878069

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Why are reversing entries optional? : Why are reversing entries optional?
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