Will Jess need accounting information? 1. If yes, what information will she need and why? Remember, she
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Question:
- Will Jess need accounting information?
- 1. If yes, what information will she need and why? Remember, she is a small business, so think about what will be most important to her.
- How often will she need this information?
- 2. In addition to Jess, who do you anticipate to be the users of Okanagan Smoothies accounting information? What information will these identified users need and why? Remember Jess is just a small business, so make sure your answer is applicable to her business.
- Identify specific asset, liability, and equity accounts that Okanagan Smoothies will likely use to record its business transactions. Remember that equity includes revenue and expense accounts.
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