Which of the following accounts would most likely NOT need to be adjusted at the end of the year?
A)Office Supplies
B)Prepaid Insurance Expense
C)Accumulated Depreciation
D)Cash

Question

Quizplus · Accepted Answer

Cash is a real account which represents actual cash owned by the company and is not affected by adjusting entries at the end of the year. However, all other accounts listed are either asset or expense accounts that require adjustments to accurately reflect their balances at the end of the accounting period.

Which of the Following Accounts Would Most Likely NOT Need