Description
When it comes to operating a small business, it doesn’t matter how good the idea is if the accounting behind the operations isn’t solid. Now readers have a resource that covers the accounting tools and strategies that will help them run a successful company. They’ll gain a strong foundation in basic accounting and then progress to accounting strategies for service businesses. They’ll also learn about basic accounting procedures and find ways to utilize accounting techniques for a merchandising business. Chapter 1. Accounting for Your Business Chapter 2. Mastering Debits and Credits Chapter 3. Beginning the Accounting Cycle Chapter 4. Journalizing Transactions Chapter 5. Posting Transactions and Preparing a Trial Balance Chapter 6. Adjustments and the Worksheet APPENDIX A: Depreciation Chapter 7. Financial Statements and the Closing Process APPENDIX B: Statement of Cash Flows Chapter 8. Cash, Banking, and Internal Controls Chapter 9. Employee Payroll and Deductions Chapter 10. Employer Payroll Responsibilities Chapter 11. Special Journals: Sales and Cash Receipts Chapter 12. Special Journals: Purchases and Cash Disbursements Appendix C: The Combined Journal Chapter 13. Managing Inventory Chapter 14. Adjustments and the Worksheet for a Merchandising Business. Chapter 15. Financial Statements and the Closing Process for a Merchandising Business Appendix D: Income T
