Which of the following accounts would not need to be adjusted at year end?
A)Prepaid Rent.
B)Owner's Capital.
C)Equipment.
D)Unearned Rent Revenue.

Question

Quizplus · Accepted Answer

Owner's Capital does not typically require an adjustment at year-end because it reflects the owner's equity in the business and is not directly affected by the routine adjustments for revenues, expenses, assets, or liabilities that are made to prepare for financial statements. Adjustments are generally made to recognize expenses and revenues in the period they are incurred or earned, not to adjust the owner's equity directly.

Which of the Following Accounts Would Not Need to Be