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Bookkeeping the Easy Way

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ISBN-10: 0764110799

ISBN-13: 9780764110795

Edition: 3rd 1999 (Revised)

Authors: Wallace W. Kravitz

List price: $16.99
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This updated edition presents a simplified, step-by-step approach to bookkeeping principles for beginners. The book also concentrates on instructing owners of small businesses who keep their own records. Chapters demonstrate use of financial statements, the ledger, the two-column general journal, and various other journals. Instruction includes true-to-life bookkeeping problems with answers.
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Book details

List price: $16.99
Edition: 3rd
Copyright year: 1999
Publisher: B.E.S. Publishing
Publication date: 9/1/1999
Binding: Paperback
Pages: 336
Size: 7.75" wide x 10.87" long x 0.75" tall
Weight: 1.540
Language: English

A Personal/Service-Type Business
Assets, Liabilities, and Owner's Equity
Definition of Assets
Examples of Assets--Personal and Business
Definition of Liabilities
Examples of Liabilities--Personal and Business
Definition of Owner's Equity
Examples of Owner's Equity
The Fundamental Bookkeeping Equation: Assets = Liabilities + Owner's Equity
Variations of the Fundamental Equation
Business Transactions and Changes in the Fundamental Bookkeeping Equation
Transactions Increasing Accounts
Transactions Decreasing Accounts
Transactions That Increase and Decrease Accounts
The Balance Sheet
Purpose, Form, and Content
Fundamental Bookkeeping Equation
Changes in Owner's Equity
The Ledger
"T" Form of Accounts--Ruled Forms, Debit and Credit
Opening Account Balances
Rules for Increases/Decreases in Assets, Liabilities, and Owner's Equity
Proving the Equality of Debits and Credits
Owner's Equity Accounts
Revenue Accounts for Income Earned
Net Income/Net Loss
Effect of Revenue/Expenses on Owner's Equity
Owner's Drawing Account
Effect of Withdrawal on Owner's Equity
Two-Column General Journal
Book of Original Entry
Source Documents
Posting the General Journal
Posting Procedure
Journal to Ledger
Cross Referencing
Trial Balance
The Trial Balance and Work Sheet
Locating Errors
Errors That the Trial Balance Does Not Reveal
The Six-Column Work Sheet
Financial Statements
Income Statement--Form and Content
Capital Statement
Balance Sheet--Form and Content
Closing the Ledger
Revenue and Expense Summary
Accounts Closed/Accounts Open--Ruling, Balancing
Cash Systems, Checking Accounts
Opening a Checking Account
Endorsing Checks
Making Deposits
Drawing Checks
The Bank Statement
Reconciling Check Stub Balance and Bank Statement
Two-Column Cashbook
The Petty Cash Fund
Purpose of the Fund
Establishing the Fund
Making Disbursements
Proving Petty Cash
Replenishing the Fund
Cycle One Examination
A Merchandising Business
Purchases of Merchandise
Purchasing on Account--Accounts Payable
Purchases Journal
Posting Creditors' Accounts
Summarizing the Purchases Journal
Schedule of Accounts Payable
Cash Disbursements Journal
Columnar Journal--Special Columns
Summarizing the Journal
Schedule of Accounts Payable
Source Document for Cash Disbursement
Sales of Merchandise
Sales on Account
Sales Journal and Accounts Receivable Ledger
Source Documents for Sales Journal Entries
Posting and Summarizing the Sales Journal
Schedule of Accounts Receivable
Cash Receipts Journal
Purpose of Cash Receipts Journal
Posting to Accounts
Summarizing the Cash Receipts Journal
Schedule of Accounts Receivable
Expanding the Journal
Source Documents for Cash Receipts
General Journal, Four-Column Format
Sales Returns and Allowances, and Purchases Returns and Allowances
Source Documents
Correcting Errors in Ledger Postings
Statement of Account
Eight-Column Work Sheet
Trial Balance
Adjusting Entries
Merchandise Inventory
Other Prepaid Expenses
Extending Updated Balances
Determining Net Income or Net Loss
Financial Statements
Income Statement
Capital Statement
Balance Sheet
Adjusting and Closing the General Ledger
Adjusting Accounts
Closing Accounts
Post-Closing Trial Balance
Using a Combination Journal
Combination Journal for Personal Use
Combination Journal for Business Use
Computer Spreadsheets
Cycle Two Examination