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Accounting Principles and Practices

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ISBN-10: 0873938313

ISBN-13: 9780873938310

Edition: 6th 2000

Authors: L. Paden Neeley

List price: $165.95
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Accounting Principles and Practices introduces students to the basic terminology, concepts and procedures of accounting. The text provides an excellent foundation of accounting knowledge for both future accountants and managers alike. The level and style of presentation are straightforward, resulting in a text that is easy to comprehend. Concepts, principles and procedures are carefully explained, and many examples and illustrations are used to enhance the learning process.
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Book details

List price: $165.95
Edition: 6th
Copyright year: 2000
Publisher: Cengage South-Western
Publication date: 2/7/2001
Binding: Paperback
Pages: 1040
Size: 8.50" wide x 10.75" long x 2.25" tall
Weight: 5.236
Language: English

About the Author
Brief Contents
The Structure and Nature of Accounting
Property and Rights to Property
Property and Property Rights
Effect of Business Operations on Property and Property Rights
Effect of Business Operations on Owner's Equity
Need for Accounting Information
Financial Statements
The Balance Sheet
The Income Statement
The Capital Statement
Sequence of Preparing Financial Statements
Summary of Financial Statements
Recording Business Transactions
Balance Sheet Accounts
Balance Sheet Accounts in the Ledger
The Trial Balance
Income Statement Accounts
Effect of Revenue and Expenses on Owner's Equity
Revenue and Expense Accounts
Owner's Drawing Account
Preparation of Financial Statements
Arrangement of Accounts in the Ledger
The Accounting Cycle
The Journal
The Journal Format
Recording Transactions in the Journal
Compound Journal Entries
The Chart of Accounts and Posting
The Chart of Accounts
Preparing the Trial Balance and Financial Statements
Locating and Correcting Errors
Types of Errors
Locating the Error
Correcting the Error
Completion of the Accounting Cycle for a Service Business
Adjusting Entries
Journalizing and Posting Adjusting Entries
Eliminating the Need for Certain Adjustments
The Work Sheet and Financial Statements
The Work Sheet
Financial Statements from the Work Sheet
Recording Adjusting Entries from the Work Sheet
Closing Entries, Post-Closing Trial Balance, and Summary of Accounting Cycle
The Closing Process
Four-Column Account Form
Post-Closing Trial Balance
Summary of the Accounting Cycle
Jabin Systems Design--Mini Practice Set
Accounting for Cash
Recording and Controlling Cash
Internal Control
Internal Control of Cash
Combined Cash Journal
Petty Cash
Cash Short and Over
Banking Procedures
Dual Record of Receipts and Disbursements
Bank Deposits
Payments by Check
The Bank Statement as a Means of Control
Reconciling the Bank Statement
Accounting for the Sale of Merchandise
Sales and Accounts Receivable
The Sales Invoice
Credit Cards
Extended Illustration
Recording Accounts Receivable
Sales Journal
Posting from Sales Invoices
Cash Receipts
Cash Receipts Journal
Schedule of Accounts Receivable
Sales Taxes
Accounting for the Purchase of Merchandise
Purchases and Accounts Payable
Recording Purchases
Purchase Invoice
Recording Accounts Payable
Purchases Journal
Posting from the Multicolumn Purchases Journal
Posting from the Purchases Invoices
Cash Payments
Cash Payments Journal
Cash Payments Journal Illustrated
Posting from the Cash Payments Journal
Sequence of Posting the Journals
Schedule of Accounts Payable
Additional Merchandising Transactions
Returns and Allowances
Sales Returns and Allowances
Purchases Returns and Allowances
Discounts and Transportation Costs
Credit Terms
Cash Discounts
Summary of Special Journals
Completion of Accounting Cycle for a Merchandising Enterprise
Accounting Cycle for a Merchandising Enterprise
Adjustments for Merchandise Inventory
Completion of the Accounting Cycle Illustrated
Income Statement for a Merchandising Enterprise
Financial Statements and Completion of the Accounting Cycle
Classified Income Statement
Classified Balance Statement
Capital Statement
Adjusting Entries
Closing Entries
General and Subsidiary Ledgers Illustrated
Post-Closing Trial Balance
Preparing the Accounts for the Next Period
Appendix: Accounting Cycle for a Merchandising Enterprise and Cash Flow Statement
Cash Flow Statement
History of a Cash Flow Statement
Purpose of a Cash Flow Statement
Class Cash Activities
Noncash Investing and Financing Activites
Format of the Cash Flow Statement
Payroll Accounting
Computing and Recording the Payroll
Employees Defined
Types of Compensation
Computation of Gross Earnings
Payroll Deductions
Recording the Payroll
Paying the Payroll
Employer's Payroll Taxes and Payroll Records
Employer's Payroll Taxes
Paying Withholding Taxes and Payroll Taxes
Accounts Receivable, Notes Receivable and Payable, the Vouchers System
Accounts Receivable and Uncollectible Accounts
Recording Revenue Realized from Credit Transactions
Recording Bad Debts
Methods of Estimating Bad Debts
Percentage-of-Sales Method Versus Analysis-of-Accounts-Receivable Method
Notes Receivable and Notes Payable
Note Received to Replace Account Receivable
Note Received for Merchandise
Note Received for Cash
Collection for Notes Receivable
Interest on Notes
Determining the Due Date of a Note
Notes Payable
Note Issued to Replace Accounts Payable
Note Issued for Merchandise
Note Issued for Cash
Payment of Notes Payable
Discounting Notes
Dishonored Notes
Interest Income and Interest Expense on the Income Statement
The Voucher System
The Voucher System
Preparing the Voucher
The Voucher Register
Filing Unpaid Vouchers
Filing Paid Vouchers
Check Register
Voucher Register and Check Register Illustrated
Proving the Column Totals
Posting to the General Ledger
Schedule of Unpaid Vouchers
Voided Voucher or Check
Advantages of a Voucher System
Merchandise Inventory
Counting and Costing Inventories
Counting the Inventory
Costing the Inventory
Special Procedures in Inventory Valuation
Lower of Cost or Market
Merchandise Inventory on the Balance Sheet
Estimating Inventories
Perpetual Inventory System
Accounting for Plant Assets
Nature of Plant Assets and Depreciation
Determining the Cost of Plant Assets
Computing Depreciation
Methods of Computing Depreciation
Depreciation for Federal Income Tax
Disposal of Plant Assets, Special Asset Records, and Intangible Assets
Sale of Plant Assets
Retiring Plant Assets
Exchanging Plant Assets
Control and Subsidiary Accounts for Plant Assets
Intangible Assets
Plant Assets and Intangible Assets on the Balance Sheet
Accruals and Deferrals
Accrued Expenses and Revenue
Accrued Expenses
Accrued Revenue
Deferred Expenses and Revenue
Prepaid Expenses
Unearned Revenue
Accounting for Property Taxes
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Working Papers
Generally Accepted Accounting Principles
Financial Statements
Check Figures
Appendix D