This introductory accounting course presents a complete accounting cycle of a proprietorship and a partnership. Topics include analyzing transactions, journalizing, posting, petty cash, financial statements and adjusting and closing entries. Accounting concepts are introduced using a modern business with owners that students can relate to in each cycle.
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This colorful textbook walks through the accounting cycle of a service business organized as a proprietorship and the accounting cycle of a merchandising business organized as a partnership. Recording transactions in a journal, posting to a general ledger, and preparing work sheets are covered. Annotation (c) Book News, Inc., Portland, OR (booknews
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