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2: The Accounting Process

  • Page ID
    20077
    • Henry Dauderis and David Annand
    • Athabasca University via Lyryx Learning
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    Learning objectives

    • LO1 – Describe asset, liability, and equity accounts, identifying the effect of debits and credits on each.
    • LO2 – Analyze transactions using double-entry accounting.
    • LO3 – Prepare a trial balance and explain its use.
    • LO4 – Record transactions in a general journal and post in a general ledger.
    • LO5 – Define the accounting cycle.


    This page titled 2: The Accounting Process is shared under a CC BY-NC-SA license and was authored, remixed, and/or curated by Henry Dauderis and David Annand (Lyryx Learning) .

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