what do you mean by adjustment.and explain it's important?.
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Answer:
ADJUSTMENT
Explanation:
In psychology, adjustment refers to the behavioral process of balancing conflicting needs, or needs challenged by obstacles in the environment. Humans and animals regularly adjust to their environment. ... Successful adjustment is crucial to having a high quality of life.
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Adjusting entries an important part of the accounting cycle and are made at the end of an accounting period. They are used to update revenue and expense accounts to make sure that expenses are matched to the accounting period for which you've earned the necessary revenue, as required by the matching principle.
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