"Consider the following questions to reflect on: your do not have to cover them allWould depreciation have a large impact on your sector's Statement of Financial Position?Irrecoverable/Bad debts occur across all sectors in government and business, can you think of ways to minimise bad debts in your particular area?Discuss why adjustments are important from the accrual basis of the accounting perspective. "Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made." Your Blog should be approximately 500 words"