Which Account Would Normally Not Require an Adjusting Entry

question 176

Multiple Choice

Which account would normally not require an adjusting entry?

• A) Wages Expense
• B) Accounts Receivable
• C) Accumulated Depreciation
• D) Cash

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Definitions:

Responsibility Accounting Reports

Financial reports that measure the performance of specific cost centers, departments, or managers within an organization.

Profit Centers

Divisions or departments within a business that are responsible for generating their own revenue and profit.

Indirect Operating Expenses

Indirect operating expenses are costs associated with running a business that cannot be directly tied to a specific product or service, such as utilities, rent, and administrative salaries.

Allocating

The process of assigning or distributing resources or costs among various accounts, projects, or entities.