Accounting – 2/01/19

I.  Bellwork:

A.  What do you believe are some of the differences between a service business and a retail business?

II Objectives:

  • Distinguish among service, retail merchandising, and wholesale merchandising businesses.
  • Identify differences between a sole proprietorship and a corporation.
  • Explain the relationship between a subsidiary ledger and a controlling account

III. Discussion:

A.  Subsidiary Ledgers and Controlling Accounts p. 244-248

  • Merchandising Businesses
  • Forming a Corporation
  • Subsidiary Ledgers and Controlling Accounts

IV.   Classwork

  • Page 248 1-5 Q&A
  • Terms (15) Page 248


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