Difference between revisions of "AY Honors/Accounting"
From Pathfinder Wiki
< AY HonorsAY Honors/Accounting
Jomegat bot (talk | contribs) (Bot: Automated import of articles *** existing text overwritten ***) |
Jomegat bot (talk | contribs) (Bot: Automated import of articles *** existing text overwritten ***) |
||
Line 1: | Line 1: | ||
− | + | {{HonorLanding | |
− | |||
− | |||
− | |||
|skill=3 | |skill=3 | ||
|year=1938 | |year=1938 | ||
Line 10: | Line 7: | ||
|master=Technician | |master=Technician | ||
|overview=Learn basic accounting skills such as balancing a checkbook, understanding small business transactions, and learning what careers are possible with these skills. These are all important life skills that are not easily taught just anywhere! | |overview=Learn basic accounting skills such as balancing a checkbook, understanding small business transactions, and learning what careers are possible with these skills. These are all important life skills that are not easily taught just anywhere! | ||
− | }} | + | }} |
== {{Localize|Overview}} == | == {{Localize|Overview}} == | ||
Line 24: | Line 21: | ||
:<b>{{reqreq|page={{PAGENAME}}|num=10c|dispreq=c.}}</b> | :<b>{{reqreq|page={{PAGENAME}}|num=10c|dispreq=c.}}</b> | ||
:<b>{{reqreq|page={{PAGENAME}}|num=10d|dispreq=d.}}</b> | :<b>{{reqreq|page={{PAGENAME}}|num=10d|dispreq=d.}}</b> | ||
− |
Revision as of 00:53, 25 March 2021
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.