This powerful study guide emphasizes the practical application of basic accounting concepts. This is one of the reasons the first edition sold more than 300,000 copies! It also features clear explanations, hundreds of problems solved step-by-step, review questions with answers, and sample exams, all of which reinforce learning and help boost grades. Students will find it ideal for supplementing the first half of an introductory accounting course, for gaining college credit by examination or for advanced placement.
Table of Contents
Accounting Concepts. Financial Statements. Analyzing and Classifying Transactions, Examination I. Recording Transactions. Repetitive Transactions. Adjusting and Closing Procedures, Examination II. Summarizing and Reporting Via the Service Business Work Sheet. Summarizing and Reporting Via the Merchandising Business Work Sheet. Costing Merchandise Inventory. Alternative Inventory Valuation Methods. Repetitive Transactions. Capital and Equity, Examination III. Receivables and Payables. Cash and Its Control. Payroll. Property, Plant, and Equipment: Depreciation. Property, Plant, and Equipment: Disposal and Taxation. Examination IV. Final Examination.
