b) A potential concern when recordingadjusting entries, especially for items like accounts receivable adjustments and inventory adjustments, is theiraccuracyandvalidity. For example, a concern with adjustment entries in the journals is that they can be used to conceal fraud/theft.

Discuss how the journal voucher shown below (see Figure 1), which has been filled in and entered into the system, helps to reduce these aforementioned concerns.

Monash Antique Furniture Company 181 High Street Sofa Hills Vic 3094 Journal Voucher Number: 05684 Received Date Entered: Prepared By: Approved Entered By: From: By: Accounts Dept 16 Jan 2020 Glenn Miller Sarah Wilks James Dean Account Code Account Title Debit Credit 300-444 Bad Debts Expense 5781.00 200-631 GST Payable 578.10 100-783 Accounts receivable control 6359.10 Remarks: Bad debts adjustment for end of December