ACC 100 - Practical Accounting Procedures

3 Credits, 3 Contact Hours (3 lec.)

Introduction to accounting systems for small businesses. Includes different types of accounts, the general journal and general ledger, adjusting entries, closing entries and the post-closing trial balance; bank accounts, cash funds, and internal control; employee earnings and deductions, accounting for cash and payroll, sales and purchases, cash receipts and cash payments, work sheet and adjusting entries; and financial statements, and closing entries.