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Adjusting entries affect at least one?

Adjusting entries in the accounting process affect a lot of different accounts. It can affect any asset, liability, or accruals and deferrals accounts.


Can unemployment affect bank accounts?

Yes, if you are unemployed, it can definitely affect your bank account.


Why paying off accounts payable and collecting accounts receivable do not affect net income?

i have the same question!


What issues affect people in the small towns of Arkansas today?

this wikianswers is not helpful at all so i advice all of you to not go onto wikianswers


Does Adjusting entries affect only the owner's equity accounts?

no


Can a business transaction affect at least two accounts?

yes


How does FATCA affect US citizens' savings accounts?

Offshore saving accounts of US citizen are affected. The balance and income of those accounts are reported to IRS for tax purpose


What accounts are affected and how when merchandise is purchased for cash?

no accounts, the only time an account would be affected is when you withdraw or deposit money into/from it, cash is nearly untraceable and does not affect your bank accounts


Receiving payment of a portion of accounts receivable will?

Correct Answer: not affect total assets.


How can a transaction not affect liability and equity accounts?

A shift in assets would not affect liability or equity: Receive payment of an Accounts Receiveable, Purchase a Fixed Asset with Cash, move funds from Cash to Investments (Bonds, etc.).


What factors affect operationg cycle?

The main factors that affect the operating cycle of a company include the efficiency of its inventory management, the speed at which it collects accounts receivable, and the time it takes to pay its accounts payable. These factors directly impact how quickly a company can convert its investments in inventory and accounts receivable back into cash.


Does your age affect your credit score?

No, but your credit history accounts for about 15% of your credit score.