ARUCC Acknowledging the Role Played by An Accountant in Business Response Discussion – Assignment Help

I need help with a Social Science question. All explanations and answers will be used to help me learn.

respond to britney with 150 words

An accountant makes adjustments to an account to ensure the revenue recognition and expense principles are followed because data may not be up to date and completed. A situation where this would occur would be in a business where events are not always recorded daily. The earnings of wages by employees may change or even the use of supplies vary or change. For example, a clothing company that uses many different material and supplies to create unique clothing. More examples of where an accountant would need to adjust an account is where costs expire within an accounting period or some items such as a utility bill, are unrecorded due to not receiving the bill until the next accounting period.

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