Which of the following statements concerning reversing entries is true?
a. reversing entries are required by generally accepted accounting principles (GAAP)
b. reversing entries are most often used with accrual-type adjustments
c. reversing entries are dated december 31
d. reversing entries are recorded before adjusting entries
Ans: b. reversing entries are most often used with accrual-type adjustments
Business
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Indicate whether the statement is true or false
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Which of the following is the primary source of information an employer uses to write a job specification?
A) job summary B) job description C) performance standards D) personnel replacement charts
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