HBC 2101: Introduction to Accounting I

Institution JKUAT
Course Information Technolo...
Year 1st Year
Semester Unknown
Posted By Jeff Odhiambo
File Type pdf
Pages 48 Pages
File Size 1.25 MB
Views 354
Downloads 0
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Description

Accounting is defined as a process of Recording Classifying Summarizing Interpreting the financial transactions and Communicating the result thereof to the persons interested in such information for decision making purposes
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HBC 2101: Introduction to Accounting I - Course Outline
Introduce students to financial accounting for processing and communicating of financial information to support economic decision making. This particularly focuses on procedures of book keeping and preparation of the financial statements for a simple business.
1 Pages 1931 Views 0 Downloads 51.57 KB
HBC 2101: Introduction to Accounting I - ERRORS ON ACCOUNTS
The trial balance produced from the accounts appears to be correct, i.e the debits are the same as the credits. However, on taking a close check on the balances and transactions posted, errors may have been made and therefore the balances shown on the trial balance may be incorrect i.e. under or over stated.
16 Pages 1683 Views 0 Downloads 331.19 KB