10 free CPP practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CPP Practice Test 3Tutor mode
Question 1 of 10
Accounting
A company accrued $98,000.00 of wages at March 31. On April 1 it reverses the accrual, and on the April 10 pay date payroll records the full $140,000.00 period payroll to Wages Expense as usual. What is the main purpose of the reversing entry?