Question: a) Explain why adjusting entries are necessary, and provide two examples of adjusting entries. b) Name three pillars of sustainable development, and discuss two limitations

a) Explain why adjusting entries are necessary, and provide two examples of adjusting entries.

b) Name three pillars of sustainable development, and discuss two limitations of traditional accounting and reporting in meeting the information requirements of sustainable development.

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Answer 1 Adjustment entries are the journal entries that are required to complete the accounts based on accrual concept of accounting Without these adjusting entries the financial statements will not ... View full answer

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