Subsidiary ledgers for accounts receivable and accounts payable recording activity by costumer and vendor rather then date done on the general ledger.

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Inventory methods, Fist in first out (FIFO), Last in last out, (LIFO), and average calculation and comparison.v

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Merchandising financial statements including multiple step income statement and accounts related to inventory.

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Merchandising transactions adding transactions related to inventory and accounts related to inventory, cost of good sold (COGS), sales discount, purchase discount. . .

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Closing entries journal entries to close out temporary accounts, including all income statement account, to equity accounts.

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Adjusting entry transaction, journal entries at the end of the accounting period to adjust account to accrual basis as of the date of financial statements.

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Adjusting entries as of the end of a period, needed to put trail balance on accrual bases as of the date financial statement well be prepared.

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Recording normal business transactions related to cash, accounts receivable, and accounts payable, using debits and credit, discussing the effect on the accounting equation of assets liabilities and equity

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Audit reports including standard unqualified report and variations including qualified report

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Audit of cash and financial investments including cash equivalents, stocks, and bonds

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