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Maria Abigail Espartero
on Nov 18, 2024

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Which account would normally not require an adjusting entry?

A) Wages Expense
B) Accounts Receivable
C) Accumulated Depreciation
D) Cash

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Wages Expense

Costs incurred by a company for the payment of hourly employee wages within a specific accounting period.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

  • Determine the categories of accounts influenced by adjusting entries and their effects on the financial reports.
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arushi sharmaNov 25, 2024
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