Your friend, Miranda, is starting her own photography business. She knows that you are studying accounting, so she has turned to you for help in setting up her accounting records. What method of accounting would you suggest Miranda use? What questions would you ask her to help determine your suggestion? What other suggestions would you make to Miranda as she gets started with her new business?

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To begin with any sort of business it is utmost important to choose a method of accounting suitable ... View the full answer