How to use this Interactive Text v Approach to examining the syllabus vi Analysis of past papers vi The computer based examination vii Tackling multiple choice questions viii
Part A Basic bookkeeping
1 Assets, liabilities and the accounting equation 3 2 Statement of financial position and income statement 23 3 Recording and summarising transactions 41 4 Posting transactions, balancing accounts and the trial balance 61
Part B Advanced accounting procedures
5 Accounting concepts and standards 95 6 Control accounts and the correction of errors 113 7 Accruals and prepayments, receivables and irrecoverable debts 151 8 Cost of goods sold and the treatment of inventories 171 9 Non-current assets and depreciation 193 10 Extended trial balance 223 11 The accounts of sole traders 243
Part C Incomplete records and other accounts
12 Incomplete records 257 13 Partnerships 287
Exam question bank 297
Exam answer bank 309
List of key terms 325
Index 327
Review form and free prize draw