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ACCT/561- 3 substantive post

Accounting: Tools for Business Decision Making,
Paul D. Kimmel; Jerry J. Weygandt; Donald E. Kieso
Accounting: Tools for Business Decision Making, Ch. 3: The Accounting Information System
Read pages 90-123. Consider the following as you read: What criteria are considered when identifying a business transaction? How are debits and credits used to record these transactions?
Accounting: Tools for Business Decision Making, Ch. 4: Accrual Accounting Concepts
Read pages 150-185. Consider: What is the theory behind the matching principle? In what method of accounting, accrual or cash, does the matching principle apply?
Respond using a minimum of 300 words.
Discussion 1
Read the assigned pages in Chapters 3 and 4 of our text. Identify an ACCOUNTING topic incorporated therein and explain it to the class. Include insight and examples to support your analysis.
#2 will add later
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