Lesson 21: Independent Practice Purchases/Cash Payments

Can you provide an example of a transaction involving the purchase of merchandise and how it would be recorded?
How would you handle a situation where a cash payment is recorded incorrectly? What steps would you take to correct it?

CTE Business & Finance Technology
C. Accounting Process: Complete the various steps of the accounting cycle in order to prepare financial statements.

15. Analyze and describe how basic business transactions impact the accounting equation.




HS.CTE.3B - 3B. Apply concepts and processes in a multistep procedure

The SAT measures student proficiency in math reading, language, and writing. With strong scores, accounting students set themselves up for successful entry into accounting and finance programs

Description: to be able to use excel to record accounting.

Purpose : To promote critical thinking and problem-solving in accounting and help identify areas where they excel or need improvement.

DOK 4:
Independent practice accounting concepts/transactions promote critical thinking and problem-solving in accounting. Helps identify areas where they excel or need improvement.

To highlight the importance of documentation and verification in maintaining accurate financial records.

Errors in adding or subtracting amounts, leading to incorrect financial records is not important.

Sampling, modeling, one one instruction, Google classroom or Moodle. Paper or or online assignments, online instructional tools, videos, textbook or online textbook, excel real world application of information, Spanish version available for ELL students

application or mastery or challenge working papers

Century 21, Accounting,  General Journal, 11th edition, online/paper edition.

Online working papers (Mindtap)

Microsoft Excel software

Online instructional tools