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You are an accountant in a medium sized manufacturing company you have been asked to mentor an accounting clerk who is new to your accounting department. Explain why adjusting entries are necessary. Describe the 4 type of adjusting entries and provide a manufacturing industry example for each. Describe how these entries would be recorded in a computerized acconting system. Describe 1 ethical issue that could result from preperation of these manufacturing entries.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9450503

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