Chapter 7, Problem 2BTN

To determine

Introduction:

Accounting System:

The system designed to record and post the activities of business transactions such as income, expenses and other transactions refers to accounting system. Accounting system is essential in any business as it helps to track all types of financial transactions and enable to generate reports and data analytics that helps in decision making by the management or stakeholders of the company.

To Prepare:

The memo to Wendy Geiger to suggest the best accounting system for usage that would best fit her business and to explain its advantages and to recommend the verification techniques.