Ask Experts Questions for FREE Help !
Ask
    triversgraham's Avatar
    triversgraham Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 26, 2009, 12:52 PM
    Account adjustments
    1. Which type of accounts require adjustment
    2. how does depreciation expense affect the adjusting process
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    May 26, 2009, 11:23 PM

    Please see the guidelines for posting homework questions:
    Ask Me Help Desk - Announcements in Forum : Homework Help

    (Although quite personally, I don't think Q1 has a real definitive answer. That could be something specific your book/instructor wants.)
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    May 27, 2009, 01:26 PM

    Adjustments affect one Balance Sheet Account and one Income Statemnet Account.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #4

    May 28, 2009, 06:02 PM

    Oh, that kind of "what type of account." I was off thinking about specific accounts, of which there could be a million... :-)
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Bank account seized. Received nationwide checks for claim (in account) can these be e [ 2 Answers ]

Small claims ct. seized bank account. Want to vacate nationwide claim checks for house repair from storm and vandalizim (can these be exempt funds?)

Need only Adjustments [ 5 Answers ]

I have sim that I can't get to balance my ADJUSTMENTS on my WORKSHEET:( the following are the given of my TRIAL BALANCE; Cash $ 210,000(Dr.) Accounts Receivable 930,000(Dr.) Prepaid Advertising ...

Adjustments for worksheet [ 1 Answers ]

I am trying to do some adjustments and just want to know if I'm doing them right or if things need to be changed... a). Supplies available at end of fiscal year had cost of 3200. Unadjusted supplies is 8900 so I subtracted the two and got a debit to supplies expense for 5700 and credit...

View more questions Search