Accountants use the worksheet to organize and complete adjustments for all but one of the following events:
A) Depreciation on equipment.
B) Revenue earned and recorded in the current period.
C) Supplies on hand.
D) Rent paid in advance.

Question

Quizplus · Accepted Answer

Revenue earned and recorded in the current period does not require an adjustment as it has already been properly recorded. The other options usually require adjustments to reflect accurate financial statements at the end of an accounting period.

Accountants Use the Worksheet to Organize and Complete Adjustments for All