accounting importance – Custom Nursing Help

Category A – Please select and discuss one of the following issues:

Explain why accounting is important and list the users of accounting information
Describe the organizations and rules that govern accounting
Describe the accounting equation and define assets, liabilities, and equity
Explain how the accounting equation can be used to analyze transactions

Category B – Please select and discuss one of the following issues:

Explain accounts as they relate to the accounting equation and describe common accounts
Define debits, credits, and normal account balances using double-entry accounting and T-accounts
Describe the recording of transactions in a journal and how journal entries are posted to the ledger
Explain the trial balance and illustrate how it is used to prepare financial statements

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