Examlex
Which of the following bank reconciliation items would require an adjusting entry on the depositor's books?
Insurance Expense
This refers to the costs incurred by a business or individual as a result of purchasing insurance to protect against risks.
Unexpired Insurance
The portion of an insurance premium that has not yet expired or been used and is considered a prepaid expense.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life.
Equipment
Tangible property or assets, excluding real estate and vehicles, used in the operation of a business to produce goods or services.
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