Easy Way Series: E-Z Accounting

Editor/Author Eisen, Peter J.
Publication Year: 2009
Publisher: Barron's Educational Series

Price: Core Collection Only
ISBN: 978-0-76-414256-7
Category: Business, Finance & Economics - Finance, Personal
Book Status: Available
Table of Contents

E-Z Accounting explains the accounting equation, describes financial statements, and guides students through the process of recording business transactions, maintaining special journals, and accounting for receivables and payables, inventories, payroll, and other related topics.

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Table of Contents

  • Preface
  • In the Red?
  • 1 The Accounting Equation
  • What You Will Learn
  • Some Basics
  • What Are Assets?
  • What Are Revenue, Expenses, and Profit (Loss)?
  • Summing Up
  • 2 Financial Statements
  • What You Will Learn
  • What Are Financial Statements?
  • The Income Statement
  • The Statement of Capital
  • The Balance Sheet
  • Summing Up
  • 3 Recording Business Transactions
  • What You Will Learn
  • What Are Business Transactions?
  • The Account
  • The Journal
  • Recording Transactions in Both Journal and Ledger
  • Verifying Ledger Balances
  • Summing Up
  • 4 Recording Adjusting, Closing, and Reversing Entries
  • What You Will Learn
  • Adjusting Entries
  • Closing Entries
  • Post-Closing Trial Balance
  • Steps in the Accounting Cycle
  • Reversing Entries
  • Summing Up
  • 5 Accounting for a Trading Business
  • What You Will Learn
  • How Service and Trading Businesses Differ
  • Determining the Cost of Goods Available for Sale
  • Recording Daily Business Transactions
  • Adjusting and Closing Entries
  • Reversal Entries
  • Summing Up
  • 6 Special Journals and Controls
  • What You Will Learn
  • What Are Special Journals?
  • Kinds of Special Journals
  • Summing Up
  • 7 Accounting for Cash–Special Controls
  • What You Will Learn
  • Internal Control
  • Special Controls to Safeguard Cash
  • Summing Up
  • 8 Accounting for Receivables and Payables
  • What You Will Learn
  • Selling Goods and Services
  • Recognizing Bad Debts
  • Extending Credit
  • Summing Up
  • 9 Accounting for Long-Life and Intangible Assets
  • What You Will Learn
  • Long-Life Assets
  • Allocating Plant and Equipment Costs
  • Depletion
  • Calculating Depletion
  • Summing Up
  • 10 Accounting for Inventories
  • What You Will Learn
  • What Is Merchandise Inventory?
  • Determining the Cost of Inventories
  • Estimating Inventory Value
  • Summing Up
  • 11 Accounting for Payroll
  • What You Will Learn
  • What Is Payroll?
  • Payroll Deductions
  • Payroll and Government Regulations
  • Summing Up
  • 12 Partnership Accounting
  • What You Will Learn
  • The Partnership Business Organization
  • Characteristics of the Partnership
  • The Partnership Finances
  • Financial Statements for a Partnership
  • Summing Up
  • 13 Corporate Accounting
  • What You Will Learn
  • The Corporate Business Organization
  • Forming the Corporation
  • Corporate Capital
  • Financial Statements for a Corporation
  • Summing Up
  • Exercise Solutions
  • Chapter 1
  • Chapter 2
  • Chapter 3
  • Chapter 4
  • Chapter 5
  • Chapter 6
  • Chapter 7
  • Chapter 8
  • Chapter 9
  • Chapter 10
  • Chapter 11
  • Chapter 12
  • Chapter 13
  • Supplementary Exercises
  • Glossary
  • Appendix A: Ballroom Dance Studios (Service Business Sole Proprietorship)
  • Appendix B: Ballroom Dance Studios (Service and Trading Business Sole Proprietorship)