which of the following is not a correct statement about adjusting entries? a. adjusting entries are posted…

Brief Explanations:

Adjusting entries are made to update accounts at the end of an accounting period. They are posted before the adjusted trial - balance. Some adjusting entries affect net income and the balance sheet, but not all affect cash. For example, an accrual of revenue or expense does not involve a cash transaction at the time of the adjusting entry.

Answer:

D. Every adjusting entry affects cash.