Contents at a Glance

Chapter 1: Principles of Accounting

The Purpose of Accounting

Reviewing the Common Financial Statements

The Philosophy of Accounting

A Few Words about Tax Accounting

Chapter 2: Double-Entry Bookkeeping

The Fiddle-Faddle Method of Accounting

How Double-Entry Bookkeeping Works

Almost a Real-Life Example

A Few Words about How QuickBooks Works

Chapter 3: Special Accounting Problems

Working with Accounts Receivable

Recording Accounts Payable Transactions

Inventory Accounting

Accounting for Fixed Assets

Recognizing Liabilities

Closing Out Revenue and Expense Accounts

One More Thing . . .