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You are the bookkeeper for a small but thriving business. You have asked the owner for the information you need to make adjusting entries for

You are the bookkeeper for a small but thriving business. You have asked the owner for the information you need to make adjusting entries for depreciation, supplies, insurance, and wages. He says that he is really busy and that what you've done so far is "close enough".

Explain why "close enough" is not a good practice to follow and what effect it could have if it was kept "close enough".

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