Accounting Fundamentals with Student CD ROM » (7th Edition)

Accounting Fundamentals is a text-kit that provides a brief but comprehensive introduction to accounting. It gives students a basic understanding of accounting principles and procedures used for recording, classifying, and summarizing financial data. Students also learn accounting terminology and are introduced to the financial forms, records, and statements used in the business world.

Principles of Accounting

The Effect of Revenue and Expenses

Asset, Liability, and Owner's Equity Accounts

Revenue and Expense Accounts

The Trial Balance

Financial Statements

Project 1

The General Journal

The General Ledger

The Worksheet and the Financial Statements

Closing the Ledger

Project 2

Introduction to Merchandising Businesses: Sales

Introduction to Merchandising Businesses: Purchases

Accounting for Purchases

Accounting for Sales

The Sales Journal

The Purchases Journal

The Cash Receipts Journal

The Cash Payments Journal

The Accounts Receivable Ledger

The Accounts Payable Ledger

Project 3

Worksheet Adjustments

Cost of Goods Sold and Statements

Adjusting and Closing the General Ledger

Project 4

Banking Procedures

Petty Cash and Other Special Cash Procedures

Payroll Procedures

The Combined Journal

Practice Set

Glossary of Terms

Index