Answer:
Investment performance measurement helps to find out what needs to be changed with respect to asset allocation strategies. ... Many investors invest through fund managers. Investors should select fund managers with a proven track record of successfully managing funds with positive returns
Explanation:
The purpose of adjusting entries is to convert cash transactions into the accrual accounting method. Accrual accounting is based on the revenue recognition principle that seeks to recognize revenue in the period in which it was earned, rather than the period in which cash is received.
