An Account Never Used in an Adjusting Entry Is

question 56

Multiple Choice

An account never used in an adjusting entry is:

• A)Consulting Fees-Revenue.
• B)Interest Payable.
• C)Equipment.
• D)Accumulated Depreciation - Equipment.

---

Definitions:

Open Book Management

What occurs when managers provide employees with essential financial information about their companies.

Communication Transparency

The practice of openly and honestly sharing information, ensuring clarity and accessibility to all relevant parties.

Financial Information

Refers to data regarding the financial status, operations, and performance of an organization, including income, expenses, profits, and losses.

Physical Distractions

Interruptions originating from the physical environment that can impede focus and productivity.