Grand Canyon ACC 250 Module 2 DQ – The Accounting Cycle

ACC-250 | The
Accounting Cycle
Module
2 DQ 2
Susie Homaker wants to open a delivery service
called Cookies on Wheels. Baking skills and creativity are her strengths, but
she lacks knowledge on how to keep records on money transactions for a
business. While she might hire an accountant, she needs to be able to speak the
language. Discuss which key accounting practice or principles (e.g., procedural
steps, types of accounts, tools, etc.) are going to be important for her to
understand and why.