Which of the following accounts would never be adjusted in a journal entry?
A)Prepaid Rent
B)Supplies
C)Inventory
D)Cash

Question

Quizplus · Accepted Answer

Cash is a real account and represents actual money, which does not need to be adjusted as it reflects actual balances. Prepaid Rent, Supplies, and Inventory are examples of asset accounts that may require adjusting entries at the end of an accounting period to reflect their current value or usage.

Which of the Following Accounts Would Never Be Adjusted in a Journal