Book-Keeping and Accounts

Part 1 Introduction to principles of accounting
1 Introduction to accounting principles
2 The accounting system
3 The accounting equation and statement of financial position
4 The double entry system for assets, liabilities and capital
5 The double entry system for inventory
6 The double entry system for expenses and revenues
7 Balancing off accounts
8 The trial balance
9 Capital and revenue expenditures

Part 2 The financial statements of sole traders
10 Income statements: an introduction
11 Statements of financial position
12 Income statements and statements of financial position: further considerations
13 Accounting standards, rules and concepts

Part 3 Books of original entry
14 Value added tax (VAT)
15 Business documentation
16 Division of the ledger: sales day book and sales ledger including VAT
17 Purchases day book and purchases ledger including VAT
18 Sales returns day book and purchases returns day book
19 Analytical day books
20 Business banking
21 Cash books
22 Petty cash and the imprest system
23 Bank reconciliation statements
24 The journal
25 Control accounts

Part 4 Adjustments to financial statements
26 Depreciation of non-current assets
27 Double entry records for depreciation and the disposal of assets
28 Bad debts and allowances for doubtful debts
29 Accruals, prepayments and other adjustments for financial statements
30 Extended trial balance
31 Inventory valuation
32 Errors not affecting trial balance agreement
33 Suspense accounts and errors

Part 5 Financial statements of other organisations
34 Single entry and incomplete records
35 Accounting for non-profit making organisations
36 Partnership accounts
37 Limited company accounts
38 Manufacturing accounts
39 Analysis and interpretation of financial statements

Part 6 Associated accounting topics
40 Computers and accounting systems
41 Ethics: getting it right as a professional

Appendices
A Glossary of accounting terms
B Model layouts for financial statements and worksheets
C Multiple-choice questions
D Answers to multiple-choice questions
E Answers to exercises
Index