Accounting Practices
BIS Business Information Systems


Double Entry Concept → Contra-Accounts
GAAP Generally Accepted Accounting Principles


Accounting Principles, Level I
→ Bookkeeping

» Cash Disbursement Journal
» Cash Payments Journal
» Cash Receipts Journal
» Chart of Accounts
» General Journal
» Ledger, General
» Ledger, Subsidiary - Accounts Payable
» Ledger, Subsidiary - Accounts Receivable
» Petty Cash Disbursements
» Purchases Journal
» Sales Journal

Accounting Principles, Level II
→ Accounting for a Merchandise Enterprise

» Balance Sheet
» Statement, Cash Flow
» Statement, Income
» Worksheet, Eight Column
» Worksheet, Ten Column

Accounting Principles, Level III
→ Accounting for a Manufacturing Enterprise

» Balance Sheet
» Cost of Goods Sold
» Factory Overhead
» Finished Goods
» Statement, Cash Flow
» Statement, Classified Financial
» Statement, Income