Contents : Accounting : the language of business -- Analyzing business transactions -- Analyzing business transactions -- Analyzing business transaction using T accounts -- The general journal and the general ledger -- Adjustment and the worksheet -- Closing entries and the postclosing trial balance -- Accounting for sale and accounts receivable -- Accounting for purchases and accounting 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 -- Accounting receivable and uncollectible accounting -- Notes payable and notes receivable -- Merchandise inventory -- Property , plant ,and equipment -- Accounting for partnership -- Corporation : formation and capital stock transactions -- Corporate earnings and capital transactions -- Long-term bonds -- Financial statement analysis -- The statement of cash flows