Accounting I

200 Words, No Plagiarism

This assignment has 3 parts:

Every business or organization must utilize accounting to record, summarize and report business transactions.  While the focus in this course is the use of accounting within a business, the same concepts can be used on a personal level.   

1. How can you use accounting to manage your personal finances?   
2. What are the benefits of keeping track of personal transactions – income and expenses – in an organized manner?    
3. What are some of the possible risks if you don’t keep track of personal transactions?