ACC-2010 - Principles of Accounting I* (3)

Prerequisite: MTH 0900T or MTH 0940 or higher and RDG 0800 or FYS 1010T

Basic Accounting principles are applied to the single proprietorship with emphasis on the logic of the accounting cycle. Topics include journals, ledgers, receivables, payables, inventory valuation, deferrals, accruals, internal control, plant assets, and the preparation of financial statements.