The main purpose of adjusting entries is to: Multiple Choice Record external transactions and events. Record internal transactions and events. Recognize assets purchased during the period. Recognize debts paid during the period. Correct errors in the accounting records.

Record internal transactions and events.

Explanation:

The adjusting entries are passed so that the financial statement represents the true and fair view

Plus if any change made of the business transaction during the year the same is to be adjusted by passing the journal entries

The examples of adjusting entries are outstanding expenses, prepaid expenses, etc

Moreover, it records the company events and transaction i,e to be internal

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.