ACC 121 - Principles of Accounting I

Offered FL, WI, SM
Lecture- 3 Lab- 2
4 credit hrs/5 contact hrs
Introduces concepts of accounting as related to the double entry process of recording data in various journals, posting to general and special ledgers, preparation of worksheet and periodic financial statements. Includes merchandise inventories, cash control, depreciation, receivables and payables, payroll systems, accruals, and deferrals.