accounting question?
accounting question?
25
Which account would normally not require an adjusting entry?
A. Wages Expense
B. Accounts Receivable
C. Accumulated Depreciation
D. Smith, Capital
Answers:
Justin's silly girlfriend: i'm going to go with C
2006-11-05 22:31:55
2006-11-05 22:31:55
pete h: c.
accumulated depreciation is just that, accumulated. It is a set cost, and will not be adjusted.
2006-11-05 22:41:10
2006-11-05 22:41:10
yash: i agree ... its C ....
another one for the road ...
2006-11-05 22:52:41
2006-11-05 22:52:41
Chosen Answer
David W: D Capital accounts do not require any adjustment. Wages expenses may require adjustment to allow for things like accumulated holidays not taken, or for wages not paid during the accounting period due to specific contractual obligations Accounts receivable may need a write off for bad debts. Accumulated depreciation IS an adjustment.
2006-11-05 23:54:32
David W: D Capital accounts do not require any adjustment. Wages expenses may require adjustment to allow for things like accumulated holidays not taken, or for wages not paid during the accounting period due to specific contractual obligations Accounts receivable may need a write off for bad debts. Accumulated depreciation IS an adjustment.
2006-11-05 23:54:32