what criteria are considered when identifying a business transaction, accounting homework help

1. What criteria are considered when identifying a business transaction?

2.How are debits and credits used to record these transactions?

3.What is the theory behind the matching principle?

4.In what method of accounting, accrual or cash, does the matching principle apply?

5.How would you define what a manager is? Do you think a manager can be a “good” manager if they lack strong communication skills? I think this is an important trait, but how important is it? How can this question be related back to our Management Accounting class?

6.Do any of you have direct experience with accounting transactions? If so, explain how you are involved in this accounting process.

7.What are the differences between the cash and accrual methods of accounting? Explain the benefits of each for business.