Accounting – 9/20/18
I. Bellwork : A. Page 24 Explore Accounting Questions & Answers
- What is GAAP?
- Explain why it is necessary?
- What might happen if it did not exist?
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 Quiz
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