👉 Reascending is a term used in accounting to refer to a process of adjusting an account balance or income statement row that reflects a change in the level of revenue or expense for a specific period. This adjustment occurs when there is an increase or decrease in revenue, and it is necessary to adjust the number of rows in the income statement to reflect these changes. In other words, reascending refers to the process of adjusting an account balance to reflect a change in the level of revenue or expense for a specific
