In preparing adjustments on the work sheet,which of the following accounts most likely would not be added to the Account Name column?
A) Cash
B) Interest Receivable
C) Interest Income
D) Rent Expense

Question

Quizplus · Accepted Answer

Cash is a real account and does not require adjustment. Adjustments are required for nominal/ temporary accounts such as revenue and expense accounts, and accruals/deferrals on balance sheet accounts. Interest Receivable, Interest Income, and Rent Expense are all nominal accounts that often require adjustment on the worksheet.

In Preparing Adjustments on the Work Sheet,which of the Following