[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-46912-en":3,"doc-seo-46912-105":29,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},46912,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",4,"Exam","Business Accounting Basics","Business Accounting Basics is an introductory learning text focused on the foundations and practical mechanics of financial accounting for business. It introduces the accounting equation, international standards, and core terminology, then explains double-entry bookkeeping rules and common account structures. The book guides readers through trial balances, key financial statements, and essential record-keeping tools such as day books and ledgers, including cash handling and VAT administration, plus the classification of capital versus revenue transactions.","Frank Wood’s  \nBusiness Accounting Basics  \nFrank Wood David Horner  \nFRANK WOOD’S  \nBUSINESS  \nACCOUNTING BASICS  \nWe work with leading authors to develop the strongest educational materials in business and finance, bringing cutting-edge thinking and best  \nlearning practice to a global market.  \nUnder a range of well-known imprints, including  \nFinancial Times Prentice Hall, we craft high quality print and electronic publications which help readers to understand and apply their content, whether studying or at work.  \nTo find out more about the complete range of our publishing, please visit us on the World Wide Web at:  \n[www.pearsoned.co.uk](www.pearsoned.co.uk)  \nFRANK WOOD’S  \nBUSINESS ACCOUNTING BASICS  \nFrank Wood and  \nDavid Horner  \nPearson Education Limited  \nEdinburgh Gate Harlow  \nEssex CM20 2JE England  \nand Associated Companies throughout the world  \nVisit us on the World Wide Web at: [www.pearsoned.co.uk](www.pearsoned.co.uk)  \nFirst published 2010  \n© Pearson Education Limited 2010  \nThe rights of Frank Wood and David Horner to be identified as authors of this work have been asserted by them in accordance with the Copyright, Designs and Patents Act 1988.  \nAll rights reserved. No part of this publication may be reproduced, stored in a  \nretrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without either the prior written permission of the publisher or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London EC1N 8TS.  \nAll trademarks used herein are the property of their respective owners. The use of any trademark in this text does not vest in the author or publisher any trademark ownership rights in such trademarks, nor does the use of such trademarks imply any affiliation with or endorsement of this book by such owners.  \nPearson Education is not responsible for third party internet sites.  \nISBN: 978-0-273-72500-8  \nBritish Library Cataloguing-in-Publication Data  \nA catalogue record for this book is available from the British Library  \nLibrary of Congress Cataloging-in-Publication Data  \nWood, Frank, 1926–2000.  \nBusiness accounting basic / Frank Wood and David Horner.  \n[p. cm](p. cm).  \nISBN 978-0-273-72500-8 (pbk.)  \n1. Accounting. I. Horner, David, 1970– II. Title.  \nHF5636 .W858 2010 657—dc22  \n2010013482  \n10 9 8 7 6 5 4 3 2 1  \n14 13 12 11 10  \nTypeset in 10.5/12.5pt ITC Garamond Book by 35  \nPrinted and bound by Rotolito Lombarde. Italy  \nContents  \nPreface xii  \nChapter 1 Introduction 1  \nLearning objectives 1  \nIntroduction 1  \nSectors in the economy 1  \nTypes of business organisation 2  \nBusiness objectives 3  \nFundamentals of financial accounting 3  \nThe accounting equation 4  \nInternational standards 5  \nTerminology 5  \nSummary 5  \nChapter review 6  \nKey terms 6  \nReview questions 6  \nChapter 2 Double-entry bookkeeping 9  \nLearning objectives 9  \nIntroduction 9  \nWhat does the account show? 9  \nRules for double-entry transactions 10  \nFurther information for double-entry bookkeeping 12  \nAccounting for inventory 12  \nWhat do we mean by inventory? 13  \nDouble-entry transactions for inventory 13  \nReturns of inventory 15  \nDrawings 17  \nIncome and expenses 17  \nContents  \nHow many different expense accounts should be opened? 18  \nBalancing accounts 19  \nChapter review 21  \nHandy hints 22  \nKey terms 22  \nReview questions 23  \nChapter 3 Financial statements 28  \nLearning objectives 28  \nIntroduction 28  \nTrial balance 29  \nStatement of comprehensive income 30  \nStatement of financial position 35  \nFurther adjustments to the statement of comprehensive income 38  \nChapter review 40  \nRelevant accounting standards 40  \nHandy hints 41  \nKey terms 41  \nReview questions 42  \nChapter 4 Day books and ledgers 52  \nLearning objectives 52  \nIntroduction 52  \nLedgers 52  \nDay books 53  \nCash books 53  \nCash and trade discounts 55  \nThree-column cash books ","cbCaisZ9YKF0gTdX","https://ap.wps.com/l/cbCaisZ9YKF0gTdX","pdf",1377033,1,329,"English","en",105,"# Preface\n# Chapter 1 Introduction\n## Learning objectives\n## Chapter review\n# Chapter 2 Double-entry bookkeeping\n## Learning objectives\n## Chapter review\n# Chapter 3 Financial statements\n## Learning objectives\n## Chapter review\n# Chapter 4 Day books and ledgers\n## Learning objectives\n## Chapter review\n# Chapter 5 Value added tax\n## Learning objectives\n## Chapter review\n# Chapter 6 Capital and revenue expenditure\n## Learning objectives\n## Chapter review\n# Chapter 7 Accounting concepts and standards\n## Learning objectives\n## Chapter review\n# Chapter 8 Adjustments to the financial statements\n## Learning objectives\n## Chapter review\n# Chapter 9 Bad debts and provision for doubtful debts\n## Learning objectives\n## Chapter review","[{\"question\":\"What topics does the book cover in business accounting fundamentals?\",\"answer\":\"It covers financial accounting fundamentals, the accounting equation, international standards, and key terminology, followed by the core bookkeeping approach used in practice.\"},{\"question\":\"How does the book explain double-entry bookkeeping?\",\"answer\":\"It focuses on what accounts show, the rules for double-entry transactions, and related topics such as inventory accounting, returns, drawings, and balancing accounts.\"},{\"question\":\"Which financial statements are introduced and how are they connected?\",\"answer\":\"It introduces the trial balance, the statement of comprehensive income, and the statement of financial position, including further adjustments that link the accounts to these 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