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Posted: March 2nd, 2022
Record various business transactions in accordance
This Assessment addresses the next course goal(s):
Describe the three features of accounting
Apply the accounting vocabulary
Record various business transactions in accordance with typically accepted accounting rules.
Full the steps of the Accounting Cycle.
Analyze the essential monetary statements
Directions:
Speak to a small business proprietor. Introduce us to the corporate and what they do. Ask the proprietor what the questions under.
Go meet a brand new entrepreneur. Do no use a neighbor or member of the family. Keep away from companies like an in-home daycare or somebody promoting Tupperware, Mary Kay, Important Oils… Be sure you thank them for his or her time.
Ask them the next questions:
How lengthy have they been in business?
What kind of business formation have they got/ (LLC, Sole Proprietorship, Partnership, Sub S or Company)
What accounting system do they use? (Ledger, Excel, QuickBooks…)
What’s the largest problem for them in holding their books?
Any recommendation for an individual simply beginning a business?
Tags: 2803NRS, ACC 502 GCU, ACCCN, ACCT 553 DeVry, ACCT20071, ACCT6003Every Student Wants Quality and That’s What We Deliver
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