Accounting 10 Lessons by Chapter: Accounting System for a Service Business

Opening Entries

Students will learn how to open an accounting system by doing 4 things to perform the opening entry: Balance sheet, general journal, chart of accounts, and opening entry in a general ledger.  There is a Notebook file that can be presented, along with handouts that students will be able to following along with for each step.  There is also an assignment attached for students to perform the opening entry.