Bookkeeping Exercises: Developing the Principles of Debits and Credits, Recording Transactions, the Trial Balance, Balance Sheet, Statement of Profit and Loss, and Ledger Closing (Classic Reprint) - Hardcover

South-Western Publishing Company

Hardcover

ISBN 10: 0265933919 ISBN 13: 9780265933916

Publisher: Forgotten Books, 2018

Synopsis

Master the basics of double-entry bookkeeping and accounting with practical, step-by-step guidance.

Understand how assets, liabilities, and owner's equity shape a business and how transactions flow through ledgers and financial statements.

This book presents core concepts in plain terms, linking everyday business decisions to the records that show profit, cost, and value. It emphasizes the purpose of bookkeeping, the roles of accounts, and the difference between debits and credits, using clear examples and hands-on exercises.

• How assets, debts, and ownership are defined and measured in a business setting.
• How to record transactions using debits and credits and how to balance accounts.
• The structure and purpose of ledgers, trial balances, and basic financial statements.
• Practical exercises that illustrate recording, posting, and analyzing transactions.

Ideal for readers new to accounting or anyone seeking a clear, practical foundation in bookkeeping and accounting.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0265933919
• ISBN 13: 9780265933916
• Binding: Hardcover
• Number of pages: 61