Answer Each Question in 100-200 words each.

• This week we are learning about Accounting Information Systems. What are some of the criteria that must be considered when identifying a business transaction? Additionally, how are debits and credits used to record these transactions?
• After reading about Accrual Accounting Concepts what have you learned about the theory behind the matching principle? Discuss the method of accounting, accrual or cash that the matching principle applies to.
• What is the theory behind the matching principle?
• In what method of accounting, accrual or cash, does the matching principle apply?

Cite your reference in APA Format

Resources:

Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2016). Accounting: tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons, Inc.

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