Accountants use reserve accounts for various reasons, for each of the cases below describe a specific account example that matches the scenario. a. The use of a reserve account in order to match...


 Accountants use reserve accounts for various reasons, for each of the cases below describe a specific account example that matches the scenario.


a.       The use of a reserve account in order to match expenses with revenues.


b.      The use of a reserve account in order to keep expenses out of the income statement.


c.       The use of a reserve account in order to revalue an asset, but delay the income recognition effect.



Jun 09, 2022
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