Accounting the Easy Way

by Eisen, Peter J.

• ISBN13: 9780764119767
• ISBN10: 0764119761
• Edition: 4th
• Format: Paperback
• Copyright: 2003-10-01
• Publisher: Barrons Educational Series Inc

Summary

Equally popular as self-teaching manuals and supplementary texts forlassroom use, they are written to help students improve their grades andeview subject matter before tests. They are also useful for introducingeneral readers to a new career-related skill.

Table of Contents

Preface	ix
The Accounting Equation	1	(12)
Some Basics	1	(1)
What Are Assets?	2	(7)
What Are Revenue, Expenses, and Profit?	9	(3)
Summing Up	12	(1)
Financial Statements	13	(9)
What Are Financial Statements?	13	(1)
The Income Statement	14	(1)
The Statement of Capital	15	(1)
The Balance Sheet	16	(5)
Summing Up	21	(1)
Recording Business Transactions	22	(21)
What Are Business Transactions?	22	(1)
The Account	23	(11)
The Journal	34	(3)
Recording Transactions in Both Journal and Ledger	37	(3)
Verifying Ledger Balances	40	(2)
Summing Up	42	(1)
Recording Adjusting, Closing, and Reversing Entries	43	(26)
Adjusting Entries	43	(16)
Closing Entries	59	(3)
Post-Closing Trial Balance	62	(1)
Steps in the Accounting Cycle	62	(1)
Reversing Entries	63	(4)
Summing Up	67	(2)
Accounting For a Trading Business	69	(15)
How Service and Trading Businesses Differ	69	(4)
Determining the Cost of Goods Available for Sale	73	(3)
Recording Daily Business Transactions	76	(2)
Adjusting and Closing Entries	78	(3)
Reversal Entries	81	(1)
Summing Up	82	(2)
Special Journals and Controls	84	(23)
What Are Special Journals?	84	(1)
Kinds of Special Journals	85	(20)
Summing Up	105	(2)
Accounting For Cash---Special Controls	107	(18)
Internal Control	107	(1)
Special Controls to Safeguard Cash	107	(17)
Summing Up	124	(1)
Accounting For Receivables and Payables	125	(20)
Selling Goods and Services	125	(1)
Recognizing Bad Debts	125	(6)
Extending Credit	131	(13)
Summing Up	144	(1)
Accounting for Long-Life and Intangible Assets	145	(20)
Long-Life Assets	145	(2)
Allocating Plant and Equipment Costs	147	(12)
Depletion	159	(1)
Calculating Depletion	160	(3)
Summing Up	163	(2)
Accounting for Inventories	165	(14)
What Is Merchandise Inventory?	165	(5)
Determining the Cost of Inventories	170	(5)
Estimating Inventory Value	175	(2)
Summing Up	177	(2)
Accounting for Payroll	179	(27)
What Is Payroll?	179	(21)
Payroll and Government Regulations	200	(4)
Summing Up	204	(2)
Partnership Accounting	206	(16)
The Partnership Business Organization	206	(3)
The Partnership Finances	209	(10)
Financial Statements for a Partnership	219	(1)
Summing Up	220	(2)
Corporate Accounting	222	(17)
The Corporate Business Organization	222	(3)
Forming the Corporation	225	(1)
Corporate Capital	226	(10)
Financial Statements for a Corporation	236	(1)
Summing Up	237	(2)
EXERCISE SOLUTIONS	239	(84)
Chapter 1	239	(4)
Chapter 2	243	(4)
Chapter 3	247	(13)
Chapter 4	260	(8)
Chapter 5	268	(7)
Chapter 6	275	(19)
Chapter 7	294	(4)
Chapter 8	298	(6)
Chapter 9	304	(5)
Chapter 10	309	(3)
Chapter 11	312	(4)
Chapter 12	316	(3)
Chapter 13	319	(4)
Supplementary Exercises	323	(56)
Glossary	379	(16)
Index	395