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02-PresentationDeck - ACC 211 PRINCIPLES OF ACCOUNTING...

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ACC 211: PRINCIPLES OF ACCOUNTING CHAPTER 2: THE RECORDING PROCESS PRESENTATION DECK Prepared by: Jill Mitchell, Assistant Professor, NOVA Reference: Weygandt, Jerry, Kieso, and Kimmel. Accounting Principles . 9th edition. USA: John Wiley & Sons, Inc., 2009. Unless noted, illustrations are from the referenced text.
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Chapter 2-2 1.1 Explain what an account is & how it is used in the recording process 1.2 Define Debits/Credits and explain their use in recording business transactions Chapter 2: The Recording Process Course Competencies 1. The Account 2. Steps in the Recording Process 3. The Trial Balance 2.1 Explain what a journal is and ledger is and how they are used in the recording process 2.2 Explain to what posting refers 3.1 Explain the purpose of a trial balance
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