This book is a practical textbook for first-year students. It begins by describing the nature and environment of accounting and continues with an examination of the double entry book-keeping system. There are chapters on the principles which govern accounting practice and the presentation and interpretation of accounts. Inflation accounting is also covered as are cash budgets and funds flow.
1. The Nature and Environment of Accounting 2. Introduction to the Double Entry Book-keeping System 3. Operating the Double Entry System 4. Introduction to the Preparation and Principles of Accounts 5. Types of Commercial Entity and the Proprietors’ Interest 6. Long-Term Assets 7. Current Assets 8. Sources of Finance 9. Presentation of the Accounts 10. Principles Governing Accounting Practice 11. Inflation and the Accountant 12. Cash Budgets and Funds Flow 13. The Interpretation of Accounts. Appendix: The Companies Act 1981 – Disclosure Requirements. Specimen Solution. Index.
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