Reversing entries

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Reversing entries is an optional bookkeeping technique in which certain adjusting entries are reversed or switched on the first day of the new accounting period so that transactions in the new period can be recorded without referring back to prior adjusting entries.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Reversing entries. Optional bookkeeping technique in which certain adjusting entries are reversed or switched on the first day of the new accounting period so that transactions in the new period can be recorded without referring back to prior adjusting entries.

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