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ACCOUNTING PROCESS 2
3 units
Pre-requisite: AC 211
This course covers transactions, problems and financial
statement preparation peculiar to partnership and corporation as
distinguished from single proprietorship. It includes partnership
and corporation formation, operations, treatment of accumulated
profit, division of profit in a partnership and dividend distribution
in corporation, dissolution and eventual liquidation. Emphasis
is placed on providing students basic knowledge of accounting
procedures for partnership and corporation to use in analyzing
and interpreting financial statement and serve management in
controlling and planning business operations.
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