The unadjusted trial balance is a key starting point for the adjustment process.Which of the following accounts is unlikely to be affected by an adjusting entry?

Question

Quizplus · Accepted Answer

Cash is a balance sheet account and is unlikely to require any adjusting entries as it represents the cash balance at a specific point in time. Accounts A, B, and C are all examples of accounts that could potentially require adjusting entries to accurately reflect the earnings or expenses during an accounting period.

The Unadjusted Trial Balance Is a Key Starting Point for the Adjustment