Task:
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.
Q1. Explain why adjusting entries are necessary.
Q2. Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
Q3. Describe how these entries would be recorded in a computerized accounting system.
Q4. Describe 1 ethical issue that could result froom the preparation of these manufacturing entries