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Elements of Accounts: For Individuals, Professional Men and Institutions (Classic Reprint) - Softcover

Charles Forest Rittenhouse

 
9780265034439: Elements of Accounts: For Individuals, Professional Men and Institutions (Classic Reprint)

Synopsis

This book is a detailed introduction to the principles of bookkeeping and accounting, placing particular emphasis on their uses within personal finance and small business management. The author, who taught accountancy at the collegiate level for many years, demonstrates a unique ability to present complex concepts in a simple and easy-to-understand manner. While the focus is on traditional double-entry bookkeeping, this book also includes valuable advice and practical instructions on the use of modern methods, including digital accounting and online banking. Throughout the book, the author stresses the importance of methodical record keeping, not only to prepare taxes and financial statements, but also to gain a deeper understanding of personal spending habits and the financial vitality of a company. The author has also provided ample exercises, practice sets, and real-world examples to illustrate the practical usage of each principle described, ensuring that readers develop a solid foundation in accounting fundamentals. By the conclusion of this book, readers will have the tools and knowledge necessary to gain control of personal or small business finances, using time-tested procedures and modern financial applications.

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