Accounting 2 is for a Merchandising Business Organized as a Corporation.  Studies include Purchases and Cash Payments, Sales and Cash Receipts, Payroll, Payroll Records and Payroll Taxes, Uncollectible Accounts, Financial Statements and Financial Statement Analysis, Acquiring Capital, Accounting for Plant Assets and Depreciation, Corporation End-Of-Fiscal-Period Work.  Fianllay Accounting for Partnerships and Discussion of International and Internet Sales.

Accounting for a service business organized a sole proprietorship: changes that affect the accounting equation; analyzing transactions into debit and credit parts; recording transactions into a general journal; posting to a general ledger; cash control systems; financial statements; end of month work sheet and adjusting and closing entries.