Description

TABLE OF CONTENTS,PREFACE,CHAPTER 1 BOOKKEEPING AND ACCOUNTING,1 BRANCHES OF ACCOUNTING 1 ACCOUNTING EQUATION,1 Assets 17,1 Liabilities 17,1 Equity 17,1 Drawings 17,1 TRANSACTION,1 Cash Transactions 171 Credit Transactions 17,1 BALANCE SHEET (STATEMENT OF FINANCIAL POSITION),1 Balance Sheet (Vertical Style) 19,REVIEW QUESTIONS,CHAPTER 2 ACCOUNTING FOR ASSETS, LIABILITIES AND CAPITAL ,2 EVOLUTION OF BOOK KEEPING,2 RULES OF DEBIT AND CREDIT,2 LEDGER,2 ACCOUNT,2 “T” Account 26,2 DOUBLE-ENTRY RELATING TO ASSETSAND LIABILITIES,2 EXAMPLE 27,2 BALANCING OF AN ACCOUNT,2 When should accounts be balanced? 30,2 TRIAL BALANCE,2 Uses of a Trial Balance 31,2 Why is it Necessary for a Trial Balance to ‘Balance’? 31,2 Trial Balance – An aid to Financial Statements 32REVIEW QUESTIONS,CHAPTER 3 ACCOUNTING FOR INVENTORIES,3 INVENTORY OF GOODS,3 BOOKKEEPING FOR INVENTORY OF GOODS,3 PURCHASES,3 Cash Purchases 35,3 Credit Purchases 36,3 SALES,3 Cash Sales 36,3 Credit Sales 36,3 PURCHASES RETURNS (RETURN OUTWARDS),3 SALES RETURNS (RETURNS INWARDS),

Publisher - Read & Write