Mastering Bookkeeping: A Complete Guide to the Principles and Practice of Business Accounting

Contents......Page 6
Preface......Page 10
1 A period of transition......Page 12
2 The role and significance of the professional association......Page 13
3 Data security and the Data Protection Act 1998......Page 14
4 The flow of documents and processes......Page 15
5 What is double entry book-keeping?......Page 20
6 Opening the books of account......Page 22
7 The day books......Page 24
8 The purchase day book......Page 28
9 The purchase returns day book......Page 30
10 The sales day book......Page 32
11 The sales returns day book......Page 34
12 The cash book......Page 36
13 The cash book: money paid in......Page 38
14 The cash book: money paid out......Page 40
15 Disagreeing with the bank......Page 42
16 The bank reconciliation......Page 44
17 The petty cash book......Page 52
18 How to write up the petty cash book......Page 54
19 The journal......Page 58
20 How to write up the journal......Page 60
21 The postage book......Page 62
22 The ledger......Page 64
23 Posting to the ledger from the day books......Page 68
24 Posting to the ledger from the cash book......Page 70
25 Balancing the ledger......Page 72
26 Discounts......Page 76
27 Control accounts......Page 80
28 Preparing control accounts step by step......Page 84
29 The trial balance......Page 86
30 How to extract a trial balance......Page 88
31 The trial balance: errors......Page 92
32 Accruals and prepayments......Page 94
33 Revenue accounts......Page 98
34 Stock in the final accounts......Page 100
35 How to compile revenue accounts......Page 102
36 Compiling revenue accounts step by step......Page 104
37 The balance sheet......Page 106
38 Compiling a balance sheet step by step......Page 110
39 Manufacturing accounts......Page 112
40 Compiling a manufacturing account step by step......Page 114
41 Depreciation: the straight line method......Page 116
42 Depreciation: the diminishing balance method......Page 118
43 Other methods of depreciation......Page 119
44 Depreciation step by step......Page 122
45 Accounting for bad and doubtful debts......Page 124
46 Accounting for bad and doubtful debts step by step......Page 126
47 Partnership accounts......Page 127
48 Partnerships: appropriation accounts......Page 128
49 Partnership accounts step by step......Page 130
50 Amalgamating sole proprietorships into a partnership......Page 132
51 How to consolidate two balance sheets......Page 134
52 Limited companies......Page 141
53 Limited companies’ books and accounts......Page 144
54 Format of company accounts......Page 146
55 Revenue accounts of limited companies......Page 148
56 Balance sheets of limited companies......Page 156
57 Going limited......Page 160
58 Going limited: worked example......Page 161
59 Club accounts......Page 162
60 Club accounts: income and expenditure......Page 164
61 Fixed asset register......Page 172
62 Asset disposals......Page 174
63 Asset disposals step by step......Page 176
64 Correction of errors......Page 178
65 Correcting errors step by step......Page 180
66 Value Added Tax......Page 184
67 Accounting for VAT......Page 190
68 Incomplete records......Page 197
69 Capital comparison method step by step......Page 200
70 Bank account analysis step by step......Page 204
71 Interpreting accounts......Page 208
72 Interpreting accounts: example......Page 212
73 Wages: basic principles......Page 214
74 Coin analysis and wages book......Page 216
75 Stock records and valuation......Page 218
76 Encountering deviations from standard methods......Page 222
77 Using spreadsheet pages......Page 224
78 New developments in electronic book-keeping......Page 228
79 More advanced accounting......Page 232
Sample examination papers – Level I......Page 240
Model answers – Level I......Page 252
Sample examination papers – Level II......Page 259
Model answers – Level II......Page 268
Sample examination papers – Level III......Page 277
Model answers – Level III......Page 286
More sample examination papers......Page 295
D......Page 327
L......Page 328
R......Page 329
V......Page 330
W......Page 331
C......Page 332
H......Page 333
P......Page 334
S......Page 335
W......Page 336