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FUNDAMENTALS OF ACCOUNTING
6 units
Pre-requisite: None
This introductory course exposes the business student to
the nature, functions, scope and limitation of the accounting
discipline affecting a service concern and merchandising
enterprise organized as a sole proprietorship. It provides
the student with the knowledge of how accounting records,
techniques and methodology are utilized to sort, classify and
present useful and meaningful accounting information from a
mass of data. Emphasis is placed on understanding the reasons
underlying the basic accounting and bookkeeping methodology
and in providing the student sound knowledge in the recording,
classifying and summarizing phases of accounting information
including the understanding and appreciation of the bank
reconciliation statement.
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