Which of the following is considered an adjusting entry?
A)The entry to record depreciation.
B)The entry to pay salaries.
C)The entry to pay outstanding bills.
D)The entry to declare a dividend distribution.

Question

Quizplus · Accepted Answer

Adjusting entries are made at the end of the accounting period to update accounts that are not yet recorded, such as depreciation. The entry to pay salaries and outstanding bills are considered regular recurring entries, while the entry to declare a dividend distribution is a closing entry.

Which of the Following Is Considered an Adjusting Entry