Includes index

Contents: Introduction to accounting: Part 1: The accounting cycle for a service business: analyzing business transactions -- Asset, liability, owner's equity, revenue, and expense accounts -- T accounts, debits and credits, trial balance, and financial statements -- The general journal and general ledger -- Adjusting entries and the work sheet -- Closing entries and the post-closing trial balance -- Part 2: Accounting for cash and payroll: Bank accounts and cash funds -- Employee earnings and deductions -- Employer taxes, payments, and reports -- Part 3: The accounting cycle for a merchandising business: Sales and purchases -- Cash receipts and cash payments -- Work sheet and adjusting entries -- Financial statements, closing entries and reversing entries -- Appendices: Methods of depreciation, Bad debts, Inventory methods, The statement of cash flows, Departmental accounting --