Adjustments for which of the following involves the cash account?
A) Deferred revenues
B) Accrued expenses
C) Deferred liabilities
D) None of these

Question

Quizplus · Accepted Answer

Adjustments for deferred revenues, accrued expenses, and deferred liabilities do not directly involve the cash account. They involve adjusting entries to recognize revenues or expenses in the correct accounting period.

Adjustments for Which of the Following Involves the Cash Account