Business, 17.06.2020 21:57, amandaestevez030

Tom rice operates a small business and uses a manual system of accounting transactions are entered in the general journal and posted to accounts in the general ledger at the end of the month alothough the volume of tansactions has increased significatnly in the past year Mr Rice does not feel that it would be cost effective to install an electronic accounting system. He hires you as a consultant to make recommendations about how to record transactions more efficiently. Briefly describe the principles that you would consider in making recommendations to Mr. Rice.

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Tom rice operates a small business and uses a manual system of accounting transactions are entered i...