JSRCC Principles of Accounting I 211
JSRCC Principles of Accounting I 211 - Grade 12 (Dual Enrollment)
- Course #D6320G
- .5 Credit- Required for academy students
- 3 College Credits
- 18 Weeks
Description
- Introduction to accounting concepts and the recording process, including journals, ledgers, and trial balance preparation
- Adjusting the accounts to comply with accrual accounting concept, preparing closing entries to insure comparability between the books and the financial statements, and setting up books for next accounting cycle
- Accounting for a merchandising business, including sales and purchase transactions, inventory valuation methods, and cost of goods sold under both perpetual and periodic inventory systems