Basic Financial Accounting

Students and others who have not previously come into contact with financial accounting need a book that gives a clear exposition of the basic principles of the subject. This title answers their need. The authors make no assumptions about the reader's prior knowledge. Practical exercises at the end of each chapter allow the reader to assess their progress. This 3rd edition has been thoroughly revised to take into account the latest Generally Accepted Accounting Practices. Additional activities have been added to each chapter and an entirely new chapter on the subject of adjustments has been added. It is an ideal introductory or bridging text for students new to the subject, their lecturers, and for the general acquisition of the basic concepts of financial accounting.