FaFa2212
Feb 18, 2009, 08:27 AM
Which of the following pairs of accounts could not appear in the same adjusting entry?
pready
Feb 18, 2009, 01:50 PM
An adjusting entry usually affects one Balance sheet account and one Income Statement account.
An example: Depreciation is Debit Depreciation Expense (Income Statement Account)
Credit Accumulated Depreciation (Balance Sheet Account)