Use the following data, taken from the adjusted trial balance, for 70 and 71.
-Which of the following accounts is least likely to have its balance change on the worksheet?
A) Salaries and Wages Payable.
B) Supplies.
C) Accumulated Depreciation.
D) Share Capital-Ordinary.

Question

Use the following data, taken from the adjusted trial balance, for 70 and 71. 
-Which of the following accounts is least likely to have its balance change on the worksheet?
A) Salaries and Wages Payable. 
B) Supplies. 
C) Accumulated Depreciation. 
D) Share Capital-Ordinary.

Quizplus · Accepted Answer

Share Capital-Ordinary is an equity account that represents the original investment made by the owners/shareholders in the business. Its balance is not affected by normal business operations and is not subject to adjustments made on the worksheet. The other accounts listed - Salaries and Wages Payable, Supplies, and Accumulated Depreciation - are all subject to adjustments that could affect their balances on the worksheet.

Use the Following Data, Taken from the Adjusted Trial Balance