Includes index.

Contents: Introduction to accounting: You and the world of accounting -- The world of business and accounting -- The basic accounting cycle: Business transactions and the accounting equation -- Transactions that affect assets, liabilities, and owners's equity -- Transactions that affect revenue, expenses and withdrawals -- Recording transactions in general journal -- Posting journal entries to general ledger accounts -- The six-column work sheet -- Financial statements for a sole proprietorship -- Completing the accounting cycle for a sole proprietorship -- Cash control and banking activities -- Accounting for payroll system: Payroll accounting -- Payroll liabilities and tax records -- The accounting cycle for a merchandising corporation: Accounting for sales and cash receipts -- Accounting for purchases and cash payments -- Special journals: sales and cash receipts -- Special journals: purchases and cash payments -- Adjustments and the ten-column work sheet -- Financial statements for a corporation -- Completing the accounting cycle for a merchandising corporation -- Accounting for publicly held corporations -- Accounting for special procedures: Cash funds -- Plant assets and depreciation -- Uncollectible accounts receivable -- Inventories -- Notes payable and receivable -- Accounting for partnerships: Introduction to partnerships -- Financial statements and liquidation of partnerships --