Glossary entry (derived from question below)
Arabic term or phrase:
عكس قيد
English translation:
Reversing an Entry / Entry Reversing / Reversed Entry
Added to glossary by
Assem AlKhallouf
Jun 5, 2021 20:05
2 yrs ago
26 viewers *
Arabic term
United States
عكس قيد
Arabic to English
Bus/Financial
Finance (general)
Bank statement
This is included in a Saudi British Bank statement in the column "وصف العملية". The transaction resulted in a credit to the person's account. The term is repeated in the column titled "معلومات كل عملية بالتفصيل".
Proposed translations
(English)
| 4 +3 | Reversing an Entry / Entry Reversing / Reversed Entry |
Assem AlKhallouf
|
Change log
Jun 13, 2021 00:51: Assem AlKhallouf Created KOG entry
Proposed translations
+3
50 mins
Assem AlKhallouf
Native in Arabic
&
English
Specializes in field
MA, PhD, NAATI, APTS.
Native in: Arabic (Variants: Yemeni, Jordanian, Palestinian, UAE, Iraqi, Lebanese, Syrian, Standard-Arabian (MSA), Egyptian, Kuwaiti, Saudi ) 
, English (Variants: UK, US, British, Scottish)
Works in: Arabic to English, English to Arabic, Arabic, and 1 more.
Related KudoZ points
:
28
Selected
Reversing an Entry / Entry Reversing / Reversed Entry
Reversing entries are optional accounting procedures which may sometimes prove useful in simplifying record keeping. A reversing entry is a journal entry to “undo” an adjusting entry.
https://www.principlesofaccounting.com/chapter-4/reversing-e...
The only types of adjusting entries that may be reversed are those that are prepared for the following:
accrued income,
accrued expense,
unearned revenue using the income method,
prepaid expense using the expense method.
https://www.principlesofaccounting.com/chapter-4/reversing-e...
The only types of adjusting entries that may be reversed are those that are prepared for the following:
accrued income,
accrued expense,
unearned revenue using the income method,
prepaid expense using the expense method.
4 KudoZ points awarded for this answer.
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