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Adjusting entries in the accounting process affect a lot of different accounts. It can affect any asset, liability, or accruals and deferrals accounts.
Yes, if you are unemployed, it can definitely affect your bank account.
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no
yes
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
Offshore saving accounts of US citizen are affected. The balance and income of those accounts are reported to IRS for tax purpose
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Correct Answer: not affect total assets.
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.).
No, but your credit history accounts for about 15% of your credit score.