Pros and Cons of Reversing Entries?


The pros and cons of using reversing entries in accounting includes the pro being simplicity in the accounting process. The cons include more journal entries and chance for human error. Using reversing entries is optional.
Q&A Related to "Pros and Cons of Reversing Entries?"
An entry that requires reversing includes amounts entered into the accounting system to allocate expenses that span two accounting periods. For instance, if an invoice for an interest-only
You should always make an attempt to answer the question yourself first and post your own thoughts on it. If you do that, then we can help you further and let you know if you're on
Pros: No payments on the mortgage as long as you live in the home. Proceeds from the reverse mortgage is not subject to income tax. Non recourse loan, meaning that the lenders collection
You must be signed in to read this answer. Sign In with FacebookConnected to FacebookSign In with TwitterConnected to Twitter Connecting helps us surface content that is relevant
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014