Word forms: (present) reclassifies, (past) reclassified, (perfect) reclassified, (progressive) reclassifying
verbWord builderThe prefix re- often appears in words that relate to doing something again. ( Accounting : Financial statements )
If you reclassify
, you change the way in which it is classified.
Costs were simply reclassified as capital expenses to boost cash flow and profits.
Capital gains tax deters people from trying to avoid income tax by reclassifying income as capital gains.
If you reclassify a transaction, you change the way in which it is classified.
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