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    FaFa2212 Posts: 1, Reputation: 1
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    Feb 18, 2009, 08:27 AM
    Adjusting Entries
    Which of the following pairs of accounts could not appear in the same adjusting entry?
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    pready Posts: 3,197, Reputation: 207
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    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)
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