Permian HS Invitational

2025 — Odessa, TX/US

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Accounting

Event Description:

(1) Purpose. The Accounting Contest prepares students in principles and practices of accounting for sole proprietorships, partnerships and corporations.

(2) Format. The contest may include bookkeeping terminology, the worksheet with adjustments, income statement, balance sheet, trial balance, account classification, journalizing, posting, bank reconciliation, payroll and other items related to the basic accounting cycle.

(3) Calculators. Refer to the contest handbook for restrictions on calculators.

(1) Individual Competition. Each member high school may enter as many as six individuals in the district meet, which may be limited to a maximum of four individuals with district executive committee approval.

(2) Team Competition. A school shall have a minimum of three contestants compete in order to participate in the team competition. All four members of the winning team will advance to the next higher level of competition.

(1) Individual Competition. No ties are to be broken.

(2) Team Competition. Refer to Section 902 (h)(3)(D).