What are reversing entries and why are they used?
Reversing Entries are generally used to simplify the system of bookkeeping in the new financial year of the company. Assume you purchased $1,000 of software upgrades in one month, but…
Reversing Entries are generally used to simplify the system of bookkeeping in the new financial year of the company. Assume you purchased $1,000 of software upgrades in one month, but…