Ch 2: ILTS Business: Applied Accounting

About This Chapter

Let us teach you about applied accounting. The video lessons and self-assessment quizzes in this chapter can prepare you to answer questions about accounting on the ILTS Business, Marketing and Computer Education content area test.

ILTS Business, Marketing and Computer Education - Applied Accounting: Chapter Summary

This chapter on applied accounting can teach you about ledgers and charts of accounts, which could be valuable information if you're preparing for the Illinois Licensure Testing System (ILTS) Business, Marketing and Computer Education exam. This content area test is a component of the teacher certification process. The video lessons in this chapter also address the following themes related to applied accounting:

  • Understanding debits and credits in accounting
  • Recording business transactions in accounting
  • Using the accounting equation to analyze business transactions
  • Journal entries and trial balance in accounting
  • Closing procedures
  • Accounting software

ILTS Business, Marketing and Computer Education - Applied Accounting Objectives

Questions about applied accounting are included in the accounting practices and principles subarea of the ILTS Business, Marketing and Computer Education exam. This test, which is offered only in a paper-based format, features 125 multiple choice questions. You must pass the ILTS if you want to work as a business, marketing or computer education instructor at a public school in Illinois.

This chapter on applied accounting was developed by experienced professional educators. Its combination of brief video lessons and self-assessment quizzes, which you can access as often as you'd like, provides an excellent study guide for aspiring teachers who have yet to take the ILTS Business, Marketing and Computer Education content area test.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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