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In what business situations would it be necessary to record end-of-period adjustments? There is an important step in the Accounting cycle that occurs after the

In what business situations would it be necessary to record end-of-period adjustments? There is an important step in the Accounting cycle that occurs after the Trial Balance. That is posting end-of-period adjustments. In your opinion, what is the purpose of the end-of-period adjustment? Why is it helpful?

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