Bookkeeping and Accounts, Multiple Choice Questions & Answers

Bookkeeping is neither dull nor mysterious - its rules are logical and straightforward and are readily mastered by practice. Get to Grips with Bookkeeping is a substantial yet easy to follow introduction to the principles of bookkeeping and the practical skills of recording transactions, posting the ledgers and preparing final accounts.

Written by finance and accounting experts from the University of Birmingham this book:
- Explains the purpose and use of books of original entry as the basis of the double-entry system.
- Describes the processes of recording purchases, sales and cash transactions.
- Shows how these records are used to prepare the final accounts - the manufacturing, trading and profit and loss accounts and the balance sheet - to provide accurate financial statements.
- Explores petty cash, depreciation, partnership, company law, business documents and the effect of changes in IT.

Worked examples throughout allow you to put the theory into practice. There is also a wide range of carefully graded questions and exercises with sample answers.

In short, it demystifies the art of bookkeeping and gives you the confidence you need to tackle your books.

NOT GOT MUCH TIME?
One, five and ten-minute introductions to key principles to get you started.

AUTHOR INSIGHTS
Lots of instant help with common problems and quick tips for success, based on the authors' many years of experience.

TEST YOURSELF
Tests in the book and online to keep track of your progress.

EXTEND YOUR KNOWLEDGE
Extra online articles at www.teachyourself.com to give you a richer understanding of bookkeeping.

TRY THIS
Innovative exercises illustrate what you've learnt and how to use it.

Bookkeeping Essentials: How to Succeed as a Bookkeeper is the handy problem-solver that gives today's busy bookkeepers and accountants the helpful information they need in a quick-reference format. Whether in public practice or private industry, professionals will always have this reliable reference tool at their fingertips.

• Packed with practical techniques and rules of thumb for analyzing, evaluating, and solving the day-to-day problems every accountant faces
• Helps bookkeepers and accountants quickly pinpoint what to look for, what to watch out for, what to do, and how to do it
• Offers hundreds of explanations supported by a multitude of examples, tables, charts, and ratios