What is an example of a reversing entry?

Reversing entries are usually made to simplify bookkeeping in the new year. For example, if an accrued expense was recorded in the previous year, the bookkeeper or accountant can reverse this entry and account for the expense in the new year when it is paid. He would be double counting the expense.

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Keeping this in consideration, what is the point of a reversing journal?

Reversing entries are journal entries that are created to reverse adjusting entries at the start of the next accounting cycle. These entries are often used to account for expenses on an accrual or deferred basis. The reversal entry offsets the invoice when it is paid, keeping the expense in the proper month. Keeping this in consideration, how do you read a reverse card?

Regarding this, what does upright and reversed mean in tarot?

Usually upright Tarot cards represent people, energies, and situations that are happening around you, impacting your life from the outside. When a Tarot card is reversed, however, its meaning can change to one of internal influence.