Basic Accounting (Edition 1) (Paperback)

Product Title: Teach Yourself: Basic Accounting Paperback Are you new to the world of accounting or looking to brush up on your skills? Look no further than Teach Yourself: Basic Accounting. This comprehensive, step-by-step course is designed to help you master the fundamentals of elementary accounting. Whether you're a first-level accounting student, a newcomer to basic accounting, or someone in need of a refresher, Basic Accounting is the perfect resource for you. This book assumes no prior knowledge of bookkeeping or accounting, making it accessible to beginners. Inside Basic Accounting, you'll find clear and concise explanations of accounting principles and practices, including topics such as PAYE, cashflow statements, accounting for share capital, accounting standards, and non-financial reporting.

The book uses a combination of clear explanations, diagrams, and worked examples to enable you to understand and apply these principles to practical situations. The book covers a wide range of topics, including: - Introduction to accounting - Source documents - The ledger system - Balancing the cash book - Double entry theory and practice - The trial balance - Gross profit and stock - Trading and profit and loss accounts - The balance sheet - Illustrative examples - Cash and bank transactions - Bank reconciliation - The petty cash book - Credit transactions and suppliers' accounts - The accounts of credit customers - Purchases and sales returns - VAT and PAYE - Classification of ledger accounts - Final accounts of a sole trader - Interpretation of accounts And many more! To make learning easier, the book features an easy-to-read page design and interactive features. If you're short on time, you'll find one, five, and ten-minute introductions to key principles to get you started. The authors, with their years of experience, provide valuable insights and quick tips for success.

Additionally, there are tests in the book and online to help you track your progress. For a richer understanding of accounting, you'll find extra online articles. Innovative exercises illustrate what you've learned and how to apply it in real-world situations. Whether you're a small business owner, a non-financial professional, or simply someone interested in learning accounting, Teach Yourself: Basic Accounting is the ultimate guide to mastering essential accounting skills. So why wait? Start your journey to becoming an accounting pro today with Teach Yourself: Basic Accounting.