This lesson covers the basics of accounting. Things such as debits, credits, T accounts, and normal balance sides. Worksheet number one can be very helpful on future assignments.
The goal of this lesson is for students to understand the Chart of Accounts and the criteria within the Chart of Accounts. This lesson encourages file maintenance and understanding of how accounts are organized both in a chart of accounts and in a ledger. It also creates strong ties to financial statements that will be used later in Accounting I. A presentation and two activities are included to help with student understanding.
This Remote Learning Plan was created by Melissa Dux in collaboration with Andrew Easton as part of the 2020 ESU-NDE Remote Learning Plan Project. Educators worked with coaches to create Remote Learning Plans as a result of the COVID-19 pandemic.The attached Remote Learning Plan is designed for 9-12 Accounting students. Students will apply the concepts of debits and credits and normal account balances through the use of T-accounts.. This Remote Learning Plan addresses the following NDE Standard: (BMM.HS.8.21.e) Apply the concepts of debits and credits through the use of T-accounts , normal account balances, and the chart of accounts.It is expected that this Remote Learning Plan will take students one hour to complete.Here is the direct link to the Google Doc: https://docs.google.com/presentation/d/1JXtk87Bj8ln5gDPs2rjeDEdxZTM0GZbfYXXPUwl2gvA/edit?usp=sharing