Master the essentials of bookkeeping with a clear, practical guide to double entry and ledger theory.
This edition presents bookkeeping as a usable, step-by-step system. It explains how to record transactions so you can see the true value of your capital and its parts, from the ledger to subsidiary books and journals. The text emphasizes practical methods, not fancy theory, to help learners build solid, verifiable records.
This book gathers the core concepts you need to manage a mercantile business's accounts. It covers the purpose of the ledger, the role of journals and day books, and how to balance accounts. Practical examples illustrate how the stages of posting, posting rules, and common forms come together in everyday practice.
What you’ll experience
- Clear definitions of key terms and accounts, including cash, bills receivable, and stock
- Step-by-step guidance on journalizing and posting to the ledger
- Explanations of subsidiary books, the journal, and the balance sheet
- Practical exercises and questions to test understanding of double entry and accounting flow
Ideal for readers new to bookkeeping or refreshing foundational skills for a practical accounting career.