Accounting – 9/20/17

I.  Bellwork : Answer on Google Classroom

A.  Page 24 Explore Accounting   Q&A      

  1.  What is GAAP?
  2. Why is it necessary? Explain

 II.  Objectives

  • Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
  • Analyze and interpret financial transactions in order to properly record them based on GAAP..

III.   Chapter 1 Test Tomorrow

IV.  Review for Exam – on Aplia

  • Chapter 1 Review Sheet
  • Extra Problem 1-1 on iLearn


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