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About ACNT1303lecture Notes
1) The document provides an overview of the 12 chapters to be covered in an Introduction to Accounting I course. It emphasizes reading chapters, examples, and completing assignments and quizzes. 2) Chapter 1 defines accounting and the elements involved - assets, liabilities, and owner's equity. It also discusses the accounting equation and different types of business organizations. 3) Chapter 2 covers recording business transactions using debit and credit, and how this affects at least two accounts. It discusses T-accounts and the trial balance statement prepared at the end of an accounting period to check that debits equal credits.
Detailed Information
| Author: | ['grunebod'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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