Includes index

Contents: Accounting: The Language of business -- Analyzing business transaction -- Analyzing business transactions using T accounts -- The General journal and the general ledger -- Adjustments and the worksheet -- Closing entries and the post closing trial balance -- Accounting for sales and accounts receivable -- Accounting for purchases and accounts payable -- Cash receipts, cash payments, and banking procedures -- Payroll computations, records, and payment -- Payroll taxes, deposits, and reports -- Accruals, deferrals, and the worksheet -- Financial statements and closing procedures -- Accounting principles and reporting standards -- Accounts receivable and uncollectible accounts -- Notes payable notes receivable -- Merchandise inventory -- Property, plant, and equipment -- Accounting for partnerships -- Corporations: formation and capital stock transactions -- Corporate earnings and capital transactions -- Long-term bonds -- Statement analysis: comparative statements -- Statement analysis: measuring probability, financial strength, and liquidity -- The Statement of cash flows -- Internal control and the voucher system -- Departmentalized profit and cost centers -- Accounting for manufacturing activities -- Job order cost accounting -- Process cost accounting -- Controlling manufacturing costs: standard costs -- Cost-revenue analysis for decision making.