Accounting 1 – 2/04/08

Objectives·         

  • Define accounting terms related to starting a service business organized as a proprietorship.
  • Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationships in the accounting equation.

I.  Bellwork

A.  List 6 things you should do After the Tardy Bell has rung.  (See Class Procedure Notes)

II.  Starting a Proprietorship Page 4     

III.  The Accounting Equation – Section 1-1

 A.     Read and Discuss Pgs 6-7

  1. Propreitorship
  2. Assests
  3. Liabilility
  4. Owner’s Equity
  5. Accounting Equation

IV.  Review –   Lesson 1-1 PPT

V.      Classwork

A.  Page 8

  1. Terms (10) & 1-4 Question & Answers
  2. Problems 5 & 6

B.  Page 17 Application Problem 1-1


Follow this blog

Get every new post delivered right to your inbox.




Skip to toolbar