Frank Wood's business accounting 1 / Frank Wood and Alan Sangster.

Includes bibliographical references and index.

Table of Contents

Notes for teachers and lecturers xiii
Notes for students xv
part 1 Introduction to double entry
bookkeeping
The accounting equation and the balance 3 (15)
sheet
The double entry system for assets, 18 (10)
liabilities and capital
The asset of stock 28 (10)
The effect of profit or loss on capital and 38 (11)
the double entry system for expenses and
revenues
Balancing off accounts 49 (8)
The trial balance 57 (14)
part 2 The financial statements of sole
traders
Trading and profit and loss accounts: an 71 (12)
introduction
Balance sheets 83 (8)
Trading and profit and loss accounts and 91 (13)
balance sheets: further considerations
Accounting concepts 104 (15)
part 3 Books of original entry
Books of original entry and ledgers 119 (6)
The banking system in the UK 125 (11)
Cash books 136 (17)
The sales day book and the sales ledger 153 (9)
The purchases day book and the purchases 162 (6)
ledger
The returns day books 168 (12)
The journal 180 (11)
The analytical petty cash book and the 191 (9)
imprest system
Value added tax 200 (18)
Columnar day books 218 (8)
Employees' pay 226 (8)
Computers and accounting 234 (10)
Computerised accounting systems 244 (15)
part 4 Adjustments for financial statements
Capital expenditure and revenue expenditure 259 (10)
Bad debts, provisions for doubtful debts, 269 (15)
and provisions for discounts on debtors
Depreciation of fixed assets: nature and 284 (10)
calculations
Double entry records for depreciation 294 (21)
Accruals and prepayments and other 315 (21)
adjustments for financial statements
The valuation of stock 336 (15)
Bank reconciliation statements 351 (13)
Control accounts 364 (14)
Errors not affecting trial balance agreement 378 (8)
Suspense accounts and errors 386 (25)
Scenario questions 404 (7)
part 5 Special accounting procedures
Introduction to accounting ratios 411 (12)
Single entry and incomplete records 423 (20)
Receipts and payments accounts and income 443 (14)
and expenditure accounts
Manufacturing accounts 457 (23)
Departmental accounts 480 (8)
Cash flow statements 488 (17)
Joint venture accounts 505 (10)
part 6 Partnership accounts and company
accounts
Partnership accounts: an introduction 515 (18)
Goodwill for sole traders and partnerships 533 (15)
Revaluation of partnership assets 548 (8)
Partnership dissolution 556 (20)
An introduction to the financial statements 576 (32)
of limited liability companies
Purchase of existing partnership and sole 608 (15)
traders' businesses
part 7 An introduction to financial analysis
An introduction to the analysis and 623 (34)
interpretation of accounting statements
part 8 An introduction to management
accounting
An introduction to management accounting 657 (96)
Appendices
Answers to review questions 667 (74)
Answers to multiple choice questions 741 (1)
Glossary 742 (11)
Index 753