Question: 5. Define perpetual and periodic inventory system. 6. After reviewing the financial statements, the marketing department will finalize its decision on launching a new advertising

5. Define perpetual and periodic inventory system. 6. After reviewing the financial statements, the marketing department will finalize its decision on launching a new advertising campaign and the human resources department will finalize how many employees to hire. The accounting department is very busy and has decided not to post the year-end adjusting entries. What are entries. What are the potential consequences of not posting adjusting entries

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