Mastering Bookkeeping, 10th Edition

Mastering Bookkeeping, 10th Edition

by Peter Marshall

Paperback(Internatio)

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Overview

The book explains the principles and practice of bookkeeping sequentially, including:

·The bank reconciliation
·Writing up the petty cash book
·Extracting a trial balance
·Accruals and prepayments
·Setting up a limited company
·Accounting for VAT

Plus step-by-step guides to compiling a balance sheet, depreciation, accounting for bad and doubtful debts and much more.

The 10th edition also includes significant enhancements to reflect the teachings of the principle bookkeeping institutes as they endeavour to raise the professional competence of their members. For example, accounting staff are increasingly being required to extend their record keeping into management accounts areas. The new edition includes chapters on stock control and budgetary control accounting. In addition, it will include more detailed guidance on the significance and importance of ratio analysis and statements of sources and application of funds, plus the latest available IAB and ICB exam papers.

Product Details

ISBN-13: 9781472137036
Publisher: Little, Brown and Company
Publication date: 06/13/2017
Edition description: Internatio
Pages: 320
Sales rank: 728,558
Product dimensions: 5.90(w) x 9.20(h) x 1.60(d)

About the Author

DR PETER MARSHALL BA BSc (Econ) PhD is a professional educator in Business Studies. He is also a prolific writer whose books have been translated and sold worldwide.

Table of Contents

Preface ix

1 A period of transition 1

2 The role and significance of the professional association 2

3 Data security and the Data Protection Act 1998 5

4 The flow of documents and processes 6

5 What is double entry bookkeeping? 11

6 Opening the books of account 13

7 The day books 15

8 The purchase day book 19

9 The purchase returns day book 21

10 The sales day book 23

11 The sales returns day book 25

12 The cash book 27

13 The cash book: money paid in 29

14 The cash book: money paid out 31

15 Disagreeing with the bank 33

16 The bank reconciliation 35

17 The petty cash book 43

18 How to write up the petty cash book 45

19 The journal 49

20 How to write up the journal 51

21 The postage book 53

22 The ledger 55

23 Posting to the ledger from the day books 59

24 Posting to the ledger from the cash book 63

25 Balancing the ledger 63

26 Discounts 67

27 Control accounts 71

28 Preparing control accounts step by step 75

29 The trial balance 77

30 How to extract a trial balance 79

31 The trial balance: errors 83

32 Accruals and prepayments 85

33 Revenue accounts 89

34 Stock in the final accounts 91

35 How to compile revenue accounts 93

36 Compiling revenue accounts step by step 95

37 The balance sheet 97

38 Compiling a balance sheet step by step 101

39 Manufacturing accounts 103

40 Compiling a manufacturing account step by step 105

41 Depreciation: the straight line method 107

42 Depreciation: the diminishing balance method 109

43 Other methods of depreciation 110

44 Depreciation step by step 113

45 Accounting for bad and doubtful debts 115

46 Accounting for bad and doubtful debts step by step 117

47 Partnership accounts 118

48 Partnerships: appropriation accounts 119

49 Partnership accounts step by step 121

50 Amalgamating sole proprietorships into a partnership 123

51 How to consolidate two balance sheets 125

52 Limited companies 132

53 Limited companies' books and accounts 135

54 Format of company accounts 137

55 Revenue accounts of limited companies 139

56 Balance sheets of limited companies 147

57 Going limited 151

58 Going limited: worked example 152

59 Club accounts 153

60 Club accounts: income and expenditure 155

61 Fixed asset register 163

62 Asset disposals 165

63 Asset disposals step by step 167

64 Correction of errors 169

65 Correcting errors step by step 171

66 Value Added Tax 175

67 Accounting for VAT 181

68 Incomplete records 189

69 Capital comparison method step by step 192

70 Bank account analysis step by step 196

71 Interpreting accounts 200

72 Interpreting accounts: example 204

73 Wages: basic principles 206

74 Coin analysis and wages book 208

75 Stock records and valuation 210

76 Encountering deviations from standard methods 214

77 Using spreadsheet pages 216

78 New developments in electronic bookkeeping? 220

79 Beyond the books 225

80 Working overseas as a bookkeeper 245

Sample examination papers

ICB Level II question paper 1 249

Answers 266

ICB Level II question paper 2 269

Answers 283

ICB Level III question paper 287

Answers 300

IAB Level 1 question paper 305

Answer booklet 327

Model answers 346

IAB Level 2 question paper 364

Answer booklet 377

Model answers 392

IAB Level 3 question paper I 406

Answer booklet 420

Model answers 439

IAB Level 3 question paper II 454

Answer booklet 464

Model answers 480

OCR Advanced Subsidiary GCE Accounting Principles 493

OCR Advanced Subsidiary GCE Accounting Final Accounts 495

OCR Advanced GCE Accounting Company Accounts and Interpretation 499

AQA GCE Accounting Foundation Tier, Paper 2 501

AQA GCE Accounting Higher Tier, Paper 1 506

AQA GCE Accounting Unit 2, Financial Accounting: Introduction to the Published Accounts of Limited Companies 509

AAT NVQ/SVQ Level 2 in Accounting, Preparing Ledger Balances and initial Trial Balance 513

AAT NVQ/SVQ Level 3 in Accounting, Recording and Evaluating Costs and Revenues 517

AAT NVQ/SVQ Level 3 in Accounting, Maintaining Financial Records and Preparing Accounts 518

AAT NVQ/SVQ Standards 521

Glossary 525

Index 530

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