BOOK-103

Intermediate Bookkeeping

CREDITS: 2
LENGTH: 6 weeks
CAMPUS:
STARTS:
REQUISITES: Prerequisite: BOOK-101 minimum B
 
DESCRIPTION:
This course continues the accounting cycle, taking the student through the cash section of the balance sheets, including petty cash transactions and bank reconciliations. We then explore the intricate workings of the payroll system, starting with basic gross wage calculations, statutory deductions and concluding with the journalizing and posting of the payroll transactions. The student then moves on to the statutory tax section detailing the rules and regulations involved with the collection and remittance of GST/HST. The inter-provincial rules for GST/HST as well as the potential PST issues will also be addressed.

Course Schedule

**Please see CNC Connect for the most up to date section information.