Manufacturing industry example


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 form the preparation of these manufacturing entries.

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Microeconomics: Manufacturing industry example
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