Accounting Principles and Practice (eBook)

The Commonwealth and International Library: Commerce, Economics and Administration Division

S. Hall (Autor)

N. Skene Smith (Herausgeber)

eBook Download: PDF

2014 | 1. Auflage
370 Seiten
Elsevier Science (Verlag)
978-1-4831-8516-3 (ISBN)

Infos

Accounting Principles and Practice describes the principles and conventions which provide the structure of Accounting practice. Many of the questions are taken from the past examinations of the Royal Society of Arts, the Association of Certified and Corporate Accountants, the Society of Incorporated Accountants, and the Institute of Chartered Accountants. This book is divided into 19 chapters and begins with a brief introduction to the double entry system of accounting. Considerable chapters are devoted to the Accounting techniques concerning the management of different types of accounts, receipts, payments, and expenditures. Other chapters examine the validity of the principles involved and of the limitations of the conventions. This text is based upon the conviction that the oft-quoted distinction between theory and practice is disastrously misleading. It demonstrates that good theory and good practice are inseparable. This book will prove useful to accountants and accounting students.

Inhalt

Front Cover 1
Accounting Principles and Practice 4
Copyright Page 5
Table of Contents 6
Preface 8
Chapter 1. The Double Entry System of Accounting 10
Introduction 10
Double Entry Methods 13
Chapter 2. Final Accounts 30
The Balance Sheet 35
The Preparation of Final Accounts 39
Chapter 3. Books of Original Entry 70
The Journal and Its Sub-divisions 70
The Cash Book 75
Chapter 4. The Correction and Detection of Errors 85
Limitation of the Trial Balance 85
Suspense Accounts 86
Sub-divisions of the Ledger 89
Control Accounts 89
Chapter 5. Miscellaneous Accounts (1) 101
Bills of Exchange 101
Consignment Accounts 107
Joint Ventures 110
Chapter 6. Receipts & Payments and Income &
Chapter 7. Single Entry Records 122
Chapter 8. Goodwill and the Value of a Business 130
Chapter 9. Partnership Accounts 136
Characteristics of a Partnership 136
Admission of a New Partner 141
Death or Retirement of a Partner 147
Revision of Partners' Profit Sharing Ratio 154
Dissolution 155
Chapter 10. Introduction to the Accounts of Limited Companies 173
The Issue of Shares 176
The Conversion of a Partnership into a Limited Company 185
The Final Accounts of a Company 191
Chapter 11. Departmental and Branch Accounts 199
Departmental Accounts 199
Branch Accounts 203
Chapter 12. Hire Purchase Accounts 235
The Acquisition of Assets on Hire Purchase 235
The Sale by Hire Purchase of Vehicles and Machinery 240
Retail Hire Purchase Transactions 241
Chapter 13. Miscellaneous Accounts (2) 248
Investment Accounts 248
Royalty Accounts 253
Packages 257
Chapter 14. Depreciation 265
Chapter 15. Sinking Funds 278
Sinking Fund to Replace an Asset 278
Sinking Fund to Redeem a Liability 282
Chapter 16. The Presentation of Company Accounts 291
The Requirements of the Companies Act 1948 291
The Technique of Presentation 304
Additional Information in the Annual Report 308
Chapter 17. Company Reconstructions and Amalgamations Group Accounts 318
Reconstructions 318
Amalgamations 323
Consolidated (or Group) Balance Sheets 328
Consolidated (or Group) Profit & Loss Accounts
Legal Provisions re the Accounts of Holding Companies 343
Chapter 18. The Interpretation of Accounts 350
The Situation at a Given Time 351
The Past Record of the Business 355
Inter-Firm Comparisons of Net Profit : Capital Employed 358
Chapter 19. Final Qualifications 362
Income and Profit 364
Price Level Changes 365
Index 368

Produkt-Details

• Erscheint lt. Verlag: 16.5.2014
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• ISBN-10: 1-4831-8516-8 / 1483185168
• ISBN-13: 978-1-4831-8516-3 / 9781483185163