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HBC 2101: Accounting Basics
| Institution | JKUAT |
| Course | Information Technolo... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Jeff Odhiambo |
| File Type | |
| Pages | 2 Pages |
| File Size | 63.1 KB |
| Views | 9130 |
| Downloads | 0 |
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Description
In accounting, there are two types of accounts: debit accounts and credit accounts. Under normal accounting circumstances, debit accounts have a positive balance and credit accounts have a negative balance. Along these same lines, each accounting transaction requires two entries: A debit entry and a credit entry. This is called double entry accounting.
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Get a copy Factorisation Practice Questions, this is suitable for your revision
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SMA 2104: Factorisation Practice Questions Answers
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Factorisation Practice Questions Answers
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HBC 2101: Introduction to Accounting I - Course Outline
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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.
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HBC 2101: Introduction to Accounting I - ERRORS ON ACCOUNTS
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The trial balance produced from the accounts appears to be correct, i.e the debits
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the trial balance may be incorrect i.e. under or over stated.
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