Accounting 10, 20, 30
Course Configurations
Explore how journals simplify and organize transactions in accounting.
Indicators for this outcome
| (a) | Identify the information contained in source documents. |
| (b) | Justify the importance of a journal as a permanent legal entity or legal document as it connects to Generally Accepted Accounting Principles (GAAPs). |
| (c) | Identify columns (i.e., general debit, general credit, special amount columns) of a combination journal. |
| (d) | Analyze and record business transactions into a journal or journals referencing a chart of accounts. |
| (e) | Prove the total of debit columns equals the total of credit columns. |
| (f) | Prove cash by determining that the amount of cash in the journal agrees with the accounting records (e.g., cheque stub). |
| (g) | Analyze, explain and correct discrepancies when preparing a series of accounting proofs such as slide, divide by 9, and double/half. |
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