Mastering Book-Keeping 9th Edition

Description

NINTH EDITION now featuring specimen examination papers of all the major boards, including OCR, AQA, AAT, ICB and IAB. Double-entry accounting can be easy if it's explained well, and Mastering Book-keeping does just that. Now in its updated 9th edition, this popular book has helped thousands of people to get to grips with book-keeping. It explains the principles and practice of book-keeping sequentially, and includes: - The daybooks and ledger accounts - End of year accounting - Sole proprietorships, limited companies, partnerships and not-for-profit organisations - Using computers for accounting - Accounting for VAT - Progressing to more advanced management accounting - The implications of the Data Protection Act 1998 on book-keepers Plus step-by-step guides to compiling a balance sheet, depreciation, accounting for bad and doubtful debts, and much more. Everything is made clear with easy-to-follow explanations. Typical transactions are illustrated throughout to make the information even easier to understand. This book is suitable for those preparing for the examinations of ICB, AAT, IAB, OCR, AQA and all other courses in book-keeping and accounts.

CONTENTS:

Preface

1. A period of transition

2. The role and significance of the professional association

3. Data security and the Data Protection Act 1998

4. The flow of documents and processes

5. What is double entry book-keeping?

6. Opening the books of account

7. The day books

8. The purchase day book

9. The purchase returns day book

10. The sales day book

11. The sales returns day book

12. The cash book

13. The cash book

- money paid in

14. The cash book

- money paid out

15. Disagreeing with the bank

16. The bank reconciliation

17. The petty cash book

18 How to write up the petty cash book

19. The journal

20. How to write up the journal

21. The postage book

22. The ledger

23. Posting to the ledger from the day books

24. Posting to the ledger from the cash book

25. Balancing the ledger

26. Discounts

27. Control accounts

28. Preparing control accounts step by step

29. The trial balance

30. How to extract a trial balance

31. The trial balance

- errors

32. Accruals and prepayments

33. Revenue accounts

34. Stock in the final accounts

35. How to compile revenue accounts

36. Compiling revenue accounts step by step

37. The balance sheet

38. Compiling a balance sheet step by step

39. Manufacturing accounts

40. Compiling a manufacturing account step by step

41. Depreciation

- the straight line method

42. Depreciation

- the diminishing balance method

43. Other methods of depreciation

44. Depreciation step by step

45. Accounting for bad and doubtful debts

46. Accounting for bad and doubtful debts step by step

47. Partnership accounts

48. Partnerships

- appropriation accounts

49. Partnership accounts step by step

50. Amalgamating sole proprietorships into a partnership

51. How to consolidate two balance sheets

52. Limited companies

53. Limited companies' books and accounts

54. Format of company accounts

55. Revenue accounts of limited companies

56. Balance sheets of limited companies

57. Going limited

58 Going limited

- worked example

59. Club accounts

60. Club accounts

- income and expenditure

61 Fixed asset register

62. Asset disposals

63 Asset disposals step by step

64. Correction of errors

65. Correcting errors step by step

Contents

66. Value Added Tax

67. Accounting for VAT

68. Incomplete records

69. Capital comparison method step by step

70. Bank account analysis step by step

71. Interpreting accounts

72. Interpreting accounts

- example

73. Wages

- basic principles

74. Coin analysis and wages book

75. Stock records and valuation

76. Encountering deviations from standard methods

77. Using spreadsheet pages

78. New developments in electronic book-keeping

79. More advanced accounting

Sample examination papers 233

ICB Level I question paper

Model answers 245

ICB Level II question paper 252

Model answers 261

ICB Level III question paper 270

Model answers 279

IAB Level 1 question paper 288

Answer booklet 311

Model answers 325

IAB Level 2 question paper 339

Answer booklet 357

Model answers 374

IAB Level 3 question paper 390

Answer booklet 401

Model answers 412

IAB Level 3 question paper 424

Answer booklet 438

Model answers 466

IAB Level 4 question paper

Answer booklet 477

Model answers 488

OCR Advanced Subsidiary GCE Accounting Principles 500

OCR Advanced Subsidiary GCE Acounting Final Accounts 502

OCR Advanced GCE Accounting Company Accounts and Interpretation 506

AQA GCE Accounting Foundation Tier, Paper 2 508

AQA GCE Accounting Higher Tier, Paper 1 513

AQA GCE Accounting Unit 2, Financial Accounting

- Introduction to the Published Accounts of Limited Companies 516

AAT NVQ/SVQ Level 2 in Accounting, Preparing Ledger Balances and Initial Trial Balance 520

AAT NVQ/SVQ Level 3 in Accounting, Recording and Evaluating Costs and Revenues 524

AAT NVQ/SVQ Level 3 in Accounting, Maintaining Financial Records and Preparing Accounts 525

AAT NVQ/SVQ Standards 528

Glossary 532

Index 537.