Schaum's Outline of Bookkeeping and Accounting

Name: Schaum's Outline of Bookkeeping and Accounting
Price: 12.74 USD
Availability: InStock
ISBN: 9780071464581

ISBN-10: 0071464581

ISBN-13: 9780071464581

Edition: 4th 2007 (Revised)

Authors: Joel J. Lerner, Rajul Gokarn

List price: $18.95

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Description:

New chapter on the two accounting software programs every practitioner must know In-depth review of the latest practices and applications in bookkeeping and accounting More than 500 practice problems and answers to reinforce learning

Book details

List price: $18.95
Edition: 4th
Copyright year: 2007
Publisher: McGraw-Hill Companies, The
Binding: Paperback
Pages: 480
Size: 8.00" wide x 11.00" long x 1.00" tall
Weight: 1.782
Language: English

Joel J. Lerner (Monticello, NY) was a professor and the chairman of the business division at Sullivan County Community College. He presently is a member of the Board of Trustees of that institution. He received his B.S. from New York University and his M.S. and P.D. from Columbia University. He has coauthored the Schaum's Outlines of Principles of Accounting I, Principles of Accounting II, Intermediate Accounting, Business Mathematics, and Introduction to Business and is the sole author of McGraw-Hill's Financial Planning for the Utterly Confused, now in its fifh edition.Rajul Y. Gokarn (Atlanta, GA) is an associate professor at Clark Atlanta University, Atlanta, Georgia. She previously…

Preface	p. xi
The Bookkeeping Cycle	p. 1
Assets, Liabilities, and Capital	p. 3
Nature of Bookkeeping and Accounting	p. 3
Basic Elements of Financial Position: The Accounting Equation	p. 3
Debits and Credits: The Double-Entry System	p. 15
Introduction	p. 15
The Account	p. 15
Debits and Credits	p. 16
The Ledger	p. 18
The Chart of Accounts	p. 19
The Trial Balance	p. 19
Journalizing and Posting Transactions	p. 32
Introduction	p. 32
The Journal	p. 32
Journalizing	p. 33
Posting	p. 34
Financial Statements	p. 52
Introduction	p. 52
Income Statement	p. 52
Accrual Basis and Cash Basis of Accounting	p. 53
Balance Sheet	p. 53
Statement of Owner's Equity	p. 55
The Statement of Cash Flows	p. 55
Financial Statement Summary	p. 56
Classified Financial Statements	p. 56
Adjusting and Closing Procedures	p. 85
Introduction: The Accrual Basis of Accounting	p. 85
Adjusting Entries Covering Recorded Data	p. 85
Adjusting Entries Covering Unrecorded Data	p. 87
Closing Entries	p. 88
Ruling Accounts	p. 90
Post-Closing Trial Balance	p. 92
Bookkeeping and Accounting Cycle	p. 92
Comprehensive Review Problem	p. 107
	p. 117
Computer Application: Peachtree Complete Software Introduction	p. 126
Introduction	p. 126
Illustration	p. 126
Conclusion	p. 139
Special Journals, Ledgers, and the Worksheet	p. 141
Repetitive Transactions: The Sales and the Purchases Journals	p. 143
Introduction	p. 143
Sales Journal	p. 143
Special Ledgers (Subsidiary Ledgers)	p. 144
Sales Returns and Discounts	p. 146
Types of Ledger Account Forms	p. 147
Purchases as a Cost	p. 148
Trade Discounts	p. 148
Purchase Control	p. 148
Purchase Invoices	p. 149
Purchases Journal	p. 149
Subsidiary Accounts Payable Ledger	p. 150
Return of Merchandise	p. 151
Purchase Discounts	p. 152
The Cash Journal	p. 173
Introduction	p. 173
Cash Receipts Journal	p. 173
Cash Disbursements Journal	p. 175
Combination Cash Journal	p. 176
Comprehensive Review Problem	p. 184
Summarizing and Reporting via the Worksheet	p. 193
Introduction	p. 193
Worksheet Procedures for a Service Business	p. 193
	p. 206
Merchandising	p. 219
The Merchandising Company	p. 221
Introduction	p. 221
Purchases	p. 221
Adjusting Entry Procedures	p. 222
Worksheet Procedures	p. 222
Closing Entries	p. 225
Financial Statement Treatment	p. 226
Summary	p. 227
Comprehensive Review Problem	p. 246
Costing Merchandise Inventory	p. 252
Introduction	p. 252
Determining Inventory: Physical Count	p. 252
Determining Inventory: Estimation	p. 258
Pricing Merchandise	p. 274
Trade Discounts	p. 274
Chain Discounts	p. 275
Cash Discounts	p. 276
Markup	p. 278
Selling Price as a Basis: Computing Percent Markup	p. 278
Cost as a Basis	p. 279
Markdowns	p. 280
Turnover-Ratios for Inventory	p. 280
Number of Days' Sales in Inventory	p. 282
	p. 287
Specific Bookkeeping and Accounting Topics	p. 295
Negotiable Instruments	p. 297
Introduction	p. 297
Methods of Computing Interest	p. 298
Accounting for Notes Payable and Notes Receivable	p. 300
Discounting	p. 302
Dishonored Notes Receivable	p. 302
Recording Uncollectible Accounts	p. 303
Computing Uncollectible Accounts	p. 304
Recovery of Uncollectible Accounts	p. 306
Controlling Cash	p. 319
Introduction	p. 319
Controlling Cash Receipts	p. 319
Controlling Cash Disbursements	p. 319
Controlling Cash Balances	p. 320
Bank Statements	p. 320
Petty Cash	p. 322
Payroll	p. 337
Gross Pay	p. 337
Deductions from Gross Pay	p. 338
The Payroll System	p. 341
Recording the Payroll	p. 342
Property, Plant, and Equipment: Depreciation	p. 353
Fixed Assets	p. 353
Depreciation and Scrap Value	p. 353
Depreciation Methods	p. 354
	p. 367
Other Business Organizations	p. 371
The Partnership	p. 373
Characteristics of the Partnership	p. 373
Formation of the Partnership	p. 373
Division of Net Income and Loss	p. 374
Admission of a New Partner	p. 377
Liquidation of a Partnership	p. 379
The Corporation	p. 403
Characteristics of the Corporation	p. 403
Corporate Terminology	p. 403
Advantages of the Corporate Form	p. 404
Disadvantages of the Corporate Form	p. 404
Equity Accounting for the Corporation	p. 404
Common Stock	p. 406
Preferred Stock	p. 406
Issue of Stock	p. 407
Book Value	p. 409
Earnings per Share	p. 409
Bond Characteristics	p. 410
Funding by Stock versus Funding by Bonds	p. 410
	p. 428
Mathematics	p. 433
Operations with Decimals	p. 433
Percentages	p. 434
Statistical Methods	p. 437
Glossary of Bookkeeping and Accounting Terms	p. 445
Index	p. 453
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