
R- ac2-1:
R- ac2-2: State the rules for increasing and decreasing accounts.
R- ac2-3: List the major income statement accounts.
R- ac2-4: List what are the normal balances in type of account.
R- ac2-5: Outline how accounts are classified.
R- ac2-6: What is a chart of accounts?
R- ac2-7: Describe how data flows in a business.
R- ac2-8: How many columns do most journals have?
R- ac2-9: In what journals are there more than two columns?
R- ac2-10: What is the purpose of a trial balance?
R- ac2-11: Why are account often referred to as T accounts/
R- ac2-12: What typically is included in current assets?
R- ac2-13: How are accounts normally classified in a balance sheet?
R- ac2-14: How are accounts normally classified in an income statement?
R- ac2-15: What guides how accounts appear in the general ledger?
R- ac2-16: What must be first inscribed when journalizing entries?
R- ac2-17: What goes on the top of each account in a three column journal?
R- ac2-18: What is the first step in preparing a trial balance?
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