Which of the following is not an example of an adjusting entry?
A)The entry to record unpaid expenses.
B)The entry to record uncollected revenues.
C)The entry to convert liabilities to revenue.
D)The entry to pay outstanding bills.

Question

Quizplus · Accepted Answer

The entry to pay outstanding bills is not an adjusting entry because it is simply a cash transaction that does not affect the company's accounts or financial statements. Adjusting entries are made at the end of an accounting period to update accounts and ensure that financial statements reflect accurate and up-to-date information about a company's financial position and performance. Options A, B, and C are all examples of adjusting entries that could be made at the end of an accounting period.

Which of the Following Is Not an Example of an Adjusting