Which account would normally not require an adjusting entry?
A) Wages Expense
B) Accounts Receivable
C) Accumulated Depreciation
D) Retained Earnings

Question

Quizplus · Accepted Answer

Retained Earnings is a permanent account that is not affected by temporary transactions during an accounting period, and therefore would not require adjusting entries. The other accounts listed are all affected by temporary transactions and would require adjusting entries to ensure that their balances are accurate at the end of the accounting period.

Which Account Would Normally Not Require an Adjusting Entry