A reversing entry is ________
A) a journal entry used to close the temporary accounts after preparation of financial statements
B) a special journal entry used to make the adjustments that took place after preparing the trial balance
C) a special journal entry that eases the burden of accounting for transactions in the next period
D) a journal entry prepared at the end of an accounting period to match assets with liabilities
C
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A party who promises to complete a job according to the terms of a contract signed in the past
has not given consideration due to past consideration. Indicate whether the statement is true or false
Which of the following would NOT be a ground for a just cause dismissal?
A) insubordination B) incompetence C) redundancy of the position D) conflict of interest E) frequent lateness