A substantial yeteasy to followguide that demystifies the art of bookkeeping and gives readers the confidenceneeded to tackletheir booksBookkeeping is neither dull nor mysteriousits rules are logical, straightforward, and readily mastered by practice.This introductioncovers theprinciples of bookkeeping and the practical skills of recording transactions, posting the ledgers, and preparing final accounts. It explains the purpose and use of books of original entry as the basis of the double-entry system anddescribes the processes of recording purchases, sales, and cash transactions. Next it shows how these records are used to prepare the final accountsthe manufacturing, trading accountsand profit and loss accounts, and the balance sheetto provide accurate financial statements. It also explores petty cash, depreciation, partnership, company law, business documents, and the effect of changes in IT. Worked examples throughout allowreaders to put the theory into practice, while there is also a wide range of carefully graded questions and exercises with sample answers."
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