This text has been revised and updated to include the latest developments in accountancy practice. Suitable for a range of professional accounting examinations, the book presents numerous questions with suggested answers and worked examples. The author is a Chief Examiner with CIMA.
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Introduction to accounting; How book-keeping works; Purchases, sales and returns in the ledger; Summarising the accounts; Second and subsequent periods of trading; Sundry transactions; Depreciation; Preparing accounts for the trial balance; Accounting for VAT, trade and cash discounts; Business documents; Books used in book-keeping; The journal; Concepts and conventions; Stock valuation methods; Accounting for non-profit-making organisations; Manufacturing accounts; Partnership accounts; Accounts of limited companies; Provisions and reserves; Cash flow statements; Interpretation of accounts; Applications of IT; Introduction to auditing
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