ACCT2112 Mid-sem Exam Notes: GPA 7 (Full mark)

Description

These are the notes I compiled for my study for the mid-sem exam. It contains everything needed to score a 7. I achieved a 7 for ACCT 2112 with 35/35 (full mark) for the mid-sem exam. The topics included are: Topic 1 (week 1): introduction to financial accounting & financial statements -- Decision making & role of accounting -- Financial statements for decision making Topic 2 (week 2): double entry system -- Recording transactions Topic 3 (week 3): adjusting & closing entries -- Adjusting the accounts & preparing financial statements -- Completing the accounting cycle - closing & reversing entries Topic 4 (week 4): Accounting for retailing firms