an be done in the new month, but as long as its placed on the journal in the beginning of the month, that whole month will show an inaccurate balance?...

A reversing entry can be done in the new month, but as long as its placed on the journal in the beginning of the month, that whole month will show an inaccurate balance? then once the month end is closed out the journal should balance? is this right?

Question: A reversing entry can be done in the new month, but as long as it’s placed on thejournal in the beginning of the month, that whole month will show an inaccurate balance? Thenonce the...