PREREQUISITES: YOU MUST BE ABLE TO •define and use key accounting terms: assets, liabilities, equity, accounts, ledgers, debits and credits
•apply the rules of debit and credit when recording business transactions in a journal
•post from the journal to ledger
•prepare and analyze trial balance.
You should also have a good understanding of income statements. The same mock company is used in all bookkeeping classes. Picks up where Income Statement Preparation left off. If you do not take General Ledger Posting first, you will need to accept the mock company data at face value.