An entry made at the end of an accounting period to un-record or reverse certain accrued adjusting entries made in the prior period is known as a:

Explanation

Core Concept: Reversing entries are optional entries made on the first day of a new accounting period to simplify recording future routine transactions related to accrued items. Context/Distractors: Closing entries zero out temporary revenue/expense accounts at period end. Adjusting entries align revenue and expense matching at period end. Exam Tip/Key Fact: Reversing entries are typically made for accrued revenues and accrued expenses.