Book-Keeping and Accounts (Classic Reprint) - Softcover

Ernest Evan Spicer

 
9781330290422: Book-Keeping and Accounts (Classic Reprint)

Synopsis

This book delves into the complex world of accounting practices and procedures. It explores the evolution of double-entry bookkeeping from its humble beginnings in ancient times to its role as the cornerstone of financial record-keeping today. The author provides a comprehensive examination of the various types of accounting entries, such as personal, impersonal, nominal, and real accounts. These concepts are crucial for understanding how financial transactions are recorded and categorized. The book further discusses the distinction between capital and revenue, a fundamental principle in accounting that separates investments from expenses. It also delves into the intricacies of single entry versus double entry, highlighting the advantages of the latter in providing a complete and verifiable record of financial transactions. The insights offered in this book are invaluable for anyone seeking to understand the intricacies of accounting. It serves as a comprehensive guide to the principles and practices that govern the accurate recording and analysis of financial data, making it an indispensable resource for students, practitioners, and anyone interested in mastering the language of business.

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