Which of the following accounts would NOT be included in the adjusting entries made at the end of an accounting period?
A)Accounts payable
B)Accounts receivable
C)Prepaid insurance
D)Cash

Question

Quizplus · Accepted Answer

Cash is not typically involved in adjusting entries, which are made to update revenues and expenses to reflect the correct amounts for the period. Adjusting entries usually involve non-cash accounts.

Which of the Following Accounts Would NOT Be Included in the Adjusting