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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 types of adjusting entries, and provide a manufacturing industry example of each.

• Describe how these entries would be recorded in a computerized accounting system.

• Describe 2 ethical issues that could result from the preparation of these manufacturing entries.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9444841

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