Delve into fundamental bookkeeping theory and processes. Knowledge of terminology and rules of bookkeeping are essential to the profession. Explore the differences between a debit and a credit, and how they affect bookkeeping. You will use T-Accounts to visually track the debits and credits of individual journal entries. Practice journalizing to a General Journal, posting entries to General Ledger accounts, updating Sub-ledgers, and preparing a Trial Balance.
With the skills gained in this course, you will be able to post transactions using the double-entry system of accounting and record the transactions using Generally Accepted Accounting Principles (GAAP). This course introduces how bookkeeping software processes business transactions.
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