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1. Critically discuss the Accruals type of adjustments, giving examples. 2. Critically discuss the Reclassifications type of adjustments, giving examples. 3. Critically discuss the difference
1. Critically discuss the Accruals type of adjustments, giving examples. 2. Critically discuss the Reclassifications type of adjustments, giving examples. 3. Critically discuss the difference between temporary and permanent accounts. 4. Critically discuss the functioning of the closing process. 5. Critically discuss the difference between perpetual and periodic system to account for inventory.
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