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.

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Definitions:

Indigenous Peoples

Ethnic groups considered to be the original inhabitants of a particular region, having distinct cultural, social, and political structures.

Federal Government

The national government of a federated state which has specific powers enumerated by a constitution, distinguishing it from regional or local governments.

Law of Partnership

The branch of law dealing with the formation, operation, and dissolution of partnerships.

Joint Business Activities

Collaborative enterprises undertaken by two or more partners to achieve specific commercial objectives.