Examlex
Which of the following is not an example of an adjusting entry?
Adjusting Entries
Final journal recordings at the close of an accounting spell to assign revenues and expenditures to the factual period of occurrence.
Supplies
Materials and goods used in the operation of a business, often consumable and regularly replaced.
Prepaid Insurance
An asset account that represents insurance payments made in advance for coverage that extends over a future period.
Depreciation Expense
The orderly apportioning of the expense of a concrete asset over its expected lifetime, illustrating its decline in value as time progresses.
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