Small Business Accounting
Prerequisite: BUS 101. For accounting majors, instruction in small business accounting procedures in conjunction with current accounting principles and tax requirements. Presents variations of the basic system in BUS 101 applicable to a small retail and service business. Topics include maintenance of cash journals and subsidiary records, year-end conversion from cash to accrual accounting, preparation of payroll and sales tax reports as required of businesses operating in New York State. Fifteen class hours per semester.