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ACT101 Principles of Accounting Fundamental principles of accounting in a business situation with emphasis on accounting cycles and financial statements for service and merchandising businesses, particularly proprietorships. Other topics may include: receivables, payables, inventories, accruals, deferrals, plant assets, internal control, payroll and related taxes., preparation and analysis of financial statements for external use. Accounting techniques and internal control and introduced within the framework of current business practices. Computer software may be used in this course. Accounting, Chapters 1-13, Charles T. Horngren , Walter T. Harrison ,Linda Smith Bamber Prentice Hall ISBN 0130823058
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