Essay On Next Type Of Adjustment

Essay About Ongoing Expenses And Next Type Of Adjustment
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Accounting 2 Essay Preview: Accounting 2 Report this essay Adjustments are important for several reasons which all have to do with profitability and liquidity. An adjustment entry affects the net income on an income statement and also affects the profitability comparison from one period to another. Adjustments also affect assets and liabilities on a balance.

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