IIA Exam IIA-ACCA Topic 11 Question 103 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 103
Topic #: 11

Which of the following statements is true regarding reversing entries in an accounting cycled

AReversing all previous closing adjustments is a mandatory step in the accounting cycle

BReversing entries should be completed at the end of the next accounting period after recording regular transactions of the period

CReversing entries are identical to the adjusting entries made in the previous period.

DReversing entries are the exact opposite of the adjustments made in the previous period.

Show Suggested Answer

Suggested Answer: D

by Gracie at Jul 12, 2025, 07:59 PM

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20 hours ago

I disagree, I believe it's D.

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5 days ago

I think the answer is B.

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