At the end of March,adjustments for the following accounts are made except for:
A)Rent expense.
B)Insurance expense.
C)Accumulated depreciation.
D)Checking account balance.
E)None.

Question

Quizplus · Accepted Answer

Adjustments are made for accounts that reflect the true financial position of the company, such as expenses that have been incurred but not yet paid, or the depreciation of assets. The checking account balance, on the other hand, is not an account that requires adjustment at the end of the month as it reflects actual cash transactions that have already occurred.

At the End of March,adjustments for the Following Accounts Are