Please choose one of the general principles of accounting that are highlighted in chapter 2 of the textbook. Read about it and research about it until you think you can explain it to others and illustrate it with examples. You should complete a one page professional memo that explains the general principle of accounting to a new business owner, why it is important and applies that principle to one or more specific examples that might be encountered by the business owner. You will submit the rough draft of the memo here in this dropbox and share it with one of your colleagues in class by email by next Tuesday. Everyone will make helpful corrections to the rough draft and resubmit to this dropbox by Thursday.
general principles of accounting