Includes bibliographical references.

The nature and objectives of fincancial accounting; the accounting equation and its components; basic documentation and books of account; the general ledger; the balancing of accounts and the trial balance; day books and the journals;the cash book; the petty cash book; the final accounts of sole traders; accounting conepts; depreciation and fixed assets; bad debts and provisions for bad debts; accruals and prepayments; the preparation of final accounts from the trial balance; manufacturing accounts and the valuation of stocks; the bank reconciliation statement; control accounts; errors and suspense.

This revised and updated edition provides an authoritative yet easy to follow introduction to financial accounting. It covers both the theory and applications in a modern way.