Goodyear's Higher Accounting is a practical reference for students and professionals in accounting.
It explains how commission merchants handle shipments and consignments, and shows how to prepare invoices, ledgers, and accounts for real-world trading.
This edition covers the flow of goods, the role of shipments and consignments, and the key documents that track ownership and proceeds. It also introduces loose leaf accounting and the specialized ledgers used in commission accounting, along with examples of how to post and balance these records.
- How shipment and consignment work and how they are recorded.
- How to prepare and interpret invoices, accounts, and ledgers for consignments.
- Hands-on guidance for the commission sales ledger, receiving books, and account sales.
- Principles of loose leaf accounting and its advantages in dynamic trading.
Ideal for readers of accounting methods, business history, and students seeking a solid reference on mid‑level to advanced practices in accounting and commercial teaching.