PrepAway - Latest Free Exam Questions & Answers

Which two transactions can be reversed?

Which two transactions can be reversed? Each correct answer presents a complete
solution.

PrepAway - Latest Free Exam Questions & Answers

A.
A transaction that has already been reversed

B.
Vendor payments

C.
An unposted depreciation transaction

D.
A sales order

E.
Fixed asset depreciation adjustment

One Comment on “Which two transactions can be reversed?

  1. Daniel says:

    A transaction reversed can be revoked, so can be reversed. A fixed asset depreciation adjustment can also be reversed. But why is not considered the vendor payments? The no electronic payments can be reversed (checks, for instance).




    0



    0

Leave a Reply