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The first step in the process of changing a problem behavior is to:
Accrual Basis Accounting
A method of accounting that records revenues when earned and expenses when incurred, regardless of when cash is exchanged.
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Normal Balance Side
Normal Balance Side is the side (debit or credit) of an accounting ledger on which increases to the account are recorded, depending on the account type.
Double-Entry Accounting
An accounting method requiring every financial transaction to be recorded in two accounts, one debit and one credit, to keep the accounting equation balanced.
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