Accounting I

Course Description

Basic accounting procedures are explored for proprietorship and partnerships.

Topics studied include journalizing and posting transactions, preparing financial statements, and maintaining a checking account. Students use calculators for adding and subtracting.

Development of organizational skills, attention to detail, and responsibility are stressed. Students will complete a simulation during the third marking period in which they "keep the packet" for a merchandising business organized as a partnership. Conditions mimic those of a real accounting office.