Average Reviews:
(More customer reviews)This is a straightforward explaination of basic accounting concepts normally covered in Accounting 101.
This book covers:
1)Financial Statements
2)Classifying Transactions (ledger and trial balances)
3)Accounting transactions (journal entries)
4)Adjusting and Closing entries
5)Merchandise (retail) accounting (COGS, inventory)
6)Special and repetitive transactions
7)Capital and Equity
8)AR and AP
9)Cash and its control.
10)Payroll
11)Plant, equipment, and depreciation
Each chapter has numerous questions and their answers for practice.
This is the first of two book series. This book covers the "meat" of accounting such as general ledger, AP, AR, closing, inventory, and financial statements.
The second book covers more peripheral topics such as Bonds, Equities, and Partnership Accounting etc.
Much of today's accounting is computerized and its transactional processes are hidden from most accountants. This book provides the processes of double entry accounting.
Click Here to see more reviews about: Schaum's Outline of Principles of Accounting I, Fifth Edition (Schaum's Outline Series)
Confused by accounting? Problem solved.
Schaum's Outline of Principles of Accounting I helps you understand basic accounting concepts and offer extra practice on topics such as debits, credits, the chart of accounts, the ledger, inventory measurement, net realizable value, recovery of bad debts, and methods for computing interest. Coverage also includes fixed assets, depreciation and scrap value, methods of depreciation, payroll, and payroll taxes.
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