Difference between revisions of "AY Honors/Accounting"
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Latest revision as of 15:10, 9 March 2023
Accounting
Skill Level
3
Year
1938
Version
21.11.2024
Approval authority
North American Division
Overview
The Challenging Part
The most challenging requirement of this honor is probably this:
10. Complete three of the following:
- a. Reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit.
- b. Show transactions necessary for acquisition or deposit of assets, and acquisition and disposal of liability. Show transactions necessary to close income and expense accounts at year-end.
- c. Be able to write an income statement from a trial balance.
- d. Be able to correctly classify balance sheet items with short-term asset, long-term asset, contra asset, short-term liability, long-term liability, and equity.
4. Be able to reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit.
Categories:
- Pages using DynamicPageList3 parser function
- Has insignia image
- AY Honors/Complete a Course
- AY Honors/Technician Master Award
- AY Honors/HonorLanding
- AY Honor Categories/Vocational
- AY Honors/Vocational
- AY Honors/Introduced in 1938
- AY Honors/Skill Level 3
- AY Honors/Approved by North American Division
- Uses HonorLanding Template
- AY Honor Config/Has Requirement Variants
- AY Honor Config/Has Answer Key Variants
