Includes glossary.

Contents: Nature, scope and functions of accounting -- Conceptual and regulatory framework of accounting -- Accounting concepts and conventions, Documents used in business -- Books of prime entry -- The accounting equation -- The theory of double entry -- Summarising accounts and extraction of the trial balance -- Correction of errors and suspense account -- Accounting for value added tax (Vat) -- Bank reconciliation statement -- Non-current assets and depreciation -- Provisions, reserves and bad debts -- Prepayments and accruals -- Accounts of a sole proprietorship -- Control accounts -- Accounts of manufacturing firms -- Single entry and incomplete records -- Accounting for non-profit making organisations -- Nature and formation of limited liability companies -- Capital of limited liability companies -- Final accounts of limited liability companies -- Departmental and branch accounts -- Interpretation of accounts -- Statement of cash flow -- Public sector accounting -- Information technology in accounting.