Hall / Skene Smith Accounting Principles and Practice

The Commonwealth and International Library: Commerce, Economics and Administration Division
1. Auflage 2014
ISBN: 978-1-4831-8516-3
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 370 Seiten, Web PDF

Accounting Principles and Practice describes the principles and conventions which provide the structure of Accounting practice. Many of the questions are taken from the past examinations of the Royal Society of Arts, the Association of Certified and Corporate Accountants, the Society of Incorporated Accountants, and the Institute of Chartered Accountants. This book is divided into 19 chapters and begins with a brief introduction to the double entry system of accounting. Considerable chapters are devoted to the Accounting techniques concerning the management of different types of accounts, receipts, payments, and expenditures. Other chapters examine the validity of the principles involved and of the limitations of the conventions. This text is based upon the conviction that the oft-quoted distinction between theory and practice is disastrously misleading. It demonstrates that good theory and good practice are inseparable. This book will prove useful to accountants and accounting students.

Autoren/Hrsg.

Hall, S.

Skene Smith, N.

Inhaltsverzeichnis

1;Front Cover;1
2;Accounting Principles and Practice;4
3;Copyright Page;5
4;Table of Contents;6
5;Preface;8
6;Chapter 1. The Double Entry System of Accounting;10
6.1;Introduction;10
6.2;Double Entry Methods;13
7;Chapter 2. Final Accounts;30
7.1;The Balance Sheet;35
7.2;The Preparation of Final Accounts;39
8;Chapter 3. Books of Original Entry;70
8.1;The Journal and Its Sub-divisions;70
8.2;The Cash Book;75
9;Chapter 4. The Correction and Detection of Errors;85
9.1;Limitation of the Trial Balance;85
9.2;Suspense Accounts;86
9.3;Sub-divisions of the Ledger;89
9.4;Control Accounts;89
10;Chapter 5. Miscellaneous Accounts (1);101
10.1;Bills of Exchange;101
10.2;Consignment Accounts;107
10.3;Joint Ventures;110
11;Chapter 6. Receipts & Payments and Income & Expenditure Accounts;115
12;Chapter 7. Single Entry Records;122
13;Chapter 8. Goodwill and the Value of a Business;130
14;Chapter 9. Partnership Accounts;136
14.1;Characteristics of a Partnership;136
14.2;Admission of a New Partner;141
14.3;Death or Retirement of a Partner;147
14.4;Revision of Partners' Profit Sharing Ratio;154
14.5;Dissolution;155
15;Chapter 10. Introduction to the Accounts of Limited Companies;173
15.1;The Issue of Shares;176
15.2;The Conversion of a Partnership into a Limited Company;185
15.3;The Final Accounts of a Company;191
16;Chapter 11. Departmental and Branch Accounts;199
16.1;Departmental Accounts;199
16.2;Branch Accounts;203
17;Chapter 12. Hire Purchase Accounts;235
17.1;The Acquisition of Assets on Hire Purchase;235
17.2;The Sale by Hire Purchase of Vehicles and Machinery;240
17.3;Retail Hire Purchase Transactions;241
18;Chapter 13. Miscellaneous Accounts (2);248
18.1;Investment Accounts;248
18.2;Royalty Accounts;253
18.3;Packages;257
19;Chapter 14. Depreciation;265
20;Chapter 15. Sinking Funds;278
20.1;Sinking Fund to Replace an Asset;278
20.2;Sinking Fund to Redeem a Liability;282
21;Chapter 16. The Presentation of Company Accounts;291
21.1;The Requirements of the Companies Act 1948;291
21.2;The Technique of Presentation;304
21.3;Additional Information in the Annual Report;308
22;Chapter 17. Company Reconstructions and Amalgamations Group Accounts;318
22.1;Reconstructions;318
22.2;Amalgamations;323
22.3;Consolidated (or Group) Balance Sheets;328
22.4;Consolidated (or Group) Profit & Loss Accounts;340
22.5;Legal Provisions re the Accounts of Holding Companies;343
23;Chapter 18. The Interpretation of Accounts;350
23.1;The Situation at a Given Time;351
23.2;The Past Record of the Business;355
23.3;Inter-Firm Comparisons of Net Profit : Capital Employed;358
24;Chapter 19. Final Qualifications;362
24.1;Income and Profit;364
24.2;Price Level Changes;365
25;Index;368