Accounting 1
Lesson Plans

Strand 2

Students will identify the three basic accounting equation elements, apply them to accounts, and use them in the accounting equation.

• Accounting -- Starting A Proprietorship
  Introduction of a proprietorship set up as a service business, the accounting equation, and the following transactions: received cash from owner as an investment, paid cash for supplies, paid cash for insurance, bought supplies on account and paid cash on account.
• Accounting 1 - Simulation
  Mt. Nebo Pumpkins, is a complete accounting simulation using source documents.

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