Question: Accounts often need to be adjusted because there are always errors made in recording transactions. there is difficulty in determining which period a transaction should

Accounts often need to be adjusted because there are always errors

Accounts often need to be adjusted because there are always errors made in recording transactions. there is difficulty in determining which period a transaction should be recorded. many transactions affect more than one accounting period. management may direct expenses to be recorded in future periods to increase this period's profit

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