AC111 — Principles of Accounting I
AC 111 - Principles of Accounting I AC 111 - Principles of Accounting I 3 Credit Hours Lecture Hrs. 3 This principles course covers the theory of debits and credits; accounting theory and methods will be used to record and report financial information for services and merchandising businesses. Topics include steps in the accounting cycle, preparation and use of basic financial statements, inventory methods and depreciation methods. Accounting for both single proprietorships and partnerships is introduced. As Scheduled Grading Basis Normal Grading Mode