Includes index.

Introduction -- Accounting and the balance sheet -- Transactions and the balance sheet -- The ledger -- Revenue and expenses -- Classification of revenue and expenses -- Merchandising firms using the perpetual inventory system -- Merchandising firms using the physical inventory system -- Cash versus accrual accounting and realisation of revenue problems -- The general journal -- Closing the ledger -- Balance-day adjustments -- Summary problem -- Worksheets -- Departmental classification -- Single entry accounting -- Cash control I: cash receipts and cash payments journals -- Credit control -- Control accounts -- Cash control II: bank reconciliation -- Cash control III: petty cash -- Budgeting -- Depreciation -- Incomplete records -- Accounting for clubs and associations -- Funds statements for sole proprietors -- Shock valuation -- Partnerships: formulation and operating systems -- Partnerships: funds statements -- Companies: formation -- Companies: profit calculation and distribution -- Companies: funds statements.