Accounting Cycle Paper

Accounting Cycle Paper - Accounting Cycle Paper University...

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Accounting Cycle Paper University of Phoenix ACC/421 Instructor: Lee Kroll By Scott Ward
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The company I currently for is a Hot Rod Repair and Fabrication Shop, called Rod Benders. This is my fathers owned and operated business. His work has been in a few Hot Rod Magazines and is at the car event called SEMA every year. I currently help him keep track of all his expenses so that he may focus on working on jobs and help organize his finances for when it comes time to figure out his taxes. His situation is a little difficult since his business funds are also personal funds. There are no payrolls or employees, just contracted work. This makes it a little easier to track everything at times, but for just one person, there is a lot of work done. The way that the accounting cycle works at where I work starts with the owner who is also the primary worker. He buys all parts and is in charge of finding the work and quoting all prices. After a customer has entered an agreement to have work completed, the owner will
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Accounting Cycle Paper - Accounting Cycle Paper University...

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