About The Book

Mastering Book-Keeping
Peter Marshall

This book covers all apects of learning business accounting and accountancy, explaining financial accounts, profit and loss, depreciation, accounting rules, accountancy terms, skills and techniques to help you better understand accounts...

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About the Author

Peter Marshall - Peter Marshall Bsc (Econ) BA MBIM is a Fellow of the Society of Business Teachers, and an experienced educator in business subjects. He is also a prolific author and his books have been translated and sold worldwide. He lives in London, UK.

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Mastering Book-Keeping

Below is the chapter list for "Mastering Book-Keeping". Click any of the chapter headings to read the full text of that chapter online

 
  1. Preface
  2. What Is Double Entry Book-Keeping? Debit And Credit; The Need For Two Records; A Check Of Accuracy;
  3. Opening The Books Of Account Assets, Liabilities And Capital; Accounts As An Equation;
  4. The Day Books Recording Daily Details: Books Of Prime Entry; Day Books Or Journals; Source Documents For The Book-Keeper; Debit Notes; Book-Keeping And Confidentiality;
  5. The Purchase Day Book How To Write Up The Purchase Day Book; Step By Step;
  6. The Purchase Returns Day Book Returning Unwanted Goods; Example;
  7. The Sales Day Book A. Frazer Records His Sales;
  8. The Sales Returns Day Book When A Customer Asks For A Credit; Example;
  9. The Cash Book What Is The Cash Book?; Recording Cash And Bank Transactions; Source Documents; Entering Debits And Credits;
  10. The Cash Book: Money Paid In Cash Book Entry Step By Step;
  11. The Cash Book: Money Paid Out Posting To The Credit Page; Step By Step;
  12. Disagreeing With The Bank Cash Book Versus Bank Statement; Noting Unpresented Cheques; Noting Bank Lodgements; Automatic Payments; Bank Charges And Interest; Returned Cheques; Errors;
  13. The Bank Reconciliation
  14. How To Prepare A Bank Reconcilation Statement What You Need; Bank Reconciliation Step By Step;
  15. The Petty Cash Book The Petty Cash Float; Using The Imprest System; Keeping The Petty Cash Secure; A Helpful Analysis; Dual Status Of The Petty Cash Book;
  16. How To Write Up The Petty Cash Book What You Need; Entering The Folio References; Preparation: Numbering And Dating; Value Added Tax (Vat); Opening A New Petty Cashbook; Step By Step;
  17. The Journal A General Purpose Record; Examples Of Journal Entries; Information Needed For An Entry;
  18. How To Write Up The Journal Using Miscellaneous Source Documents; Filing Source Documents; Writing Up The Journal Step By Step;
  19. The Postage Book Writing Up The Postage Book Step By Step;
  20. The Ledger The Firm’s Official Record; Divisions Of The Ledger; The Nominal And Personal Ledger; Different Accounts Within The Ledger; A Variety Of Forms; Post Only From Books Of Prime Entry; Recording Each Transaction Twice;
  21. Posting To The Ledger From The Day Books What You Will Need; Posting From The Purchase Returns Day Book To The Ledger; Posting From The Purchase Day Book To The Ledger; Posting From The Sales Day Book; Posting From The Sales Returns Day Book;
  22. Posting To The Ledger From The Cash Book Posting From The Petty Cash Book; Step By Step;
  23. Balancing The Ledger. Balancing The Ledger Step By Step; Completing The Folio Columns; Important Points To Understand;
  24. Discounts Trade Discounts; Early Settlement Discounts; Discounts And Vat; Prime Entry Of Discounts In The Cash Book; Entering Early Settlement Discounts; Step By Step;
  25. Control Accounts Useful Summaries; Subdividing The Work; Advantages Of Using Control Accounts; Source Documents For Control Accounts;
  26. Preparing Control Accounts Step By Step What You Need; Note On Purchase And Sales Ledger Control Accounts; Step By Step;
  27. The Trial Balance A Listing Of Ledger Balances; Summary;
  28. How To Extract A Trial Balance What You Need; Preparation; Extracting A Trial Balance Step By Step; The Four Column Trial Balance;
  29. The Trial Balance: Errors Errors Revealed And Errors Not Revealed; Errors Which Will Be Revealed By A Trial Balance; Errors Not Revealed;
  30. Accruals And Prepayments Adjustments To Accounts; Example Of Accrued Expenses; Wages And Rent; Example Of Prepayment; Carrying Down Accruals And Prepayments;
  31. Revenue Accounts The Trading Account And Profit And Loss Account; The Trading Account; Contribution To Overheads; The Profit And Loss Account;
  32. Stock In The Final Accounts Opening And Closing Stock; Physical Stocktake; Why We Need A Counter-Entry For Stock;
  33. How To Compile Revenue Accounts What You Will Need; Adjustments Before You Start; Getting The Right Balance Into The Right Accounts;
  34. Compiling Revenue Accounts Step By Step
  35. The Balance Sheet A Financial Snapshot; Management Data; Five Main Components Of The Balance Sheet;
  36. Compiling A Balance Sheet Step By Step Postings To Capital Account; Terminology; What You Need; Preparation; Horizontal And Vertical Formats; Part Of The Revenue Accounts;
  37. Manufacturing Accounts
  38. Compiling A Manufacturing Account Step By Step
  39. Depreciation: The Straight Line Method When Assets Drop In Value; Methods Of Calculating Depreciation; The Straight Line Method;
  40. Depreciation: The Diminishing Balance Method Diminishing Balance Method (Or Reducing Balance Method);
  41. Other Methods Of Depreciation The Sum Of The Digits Method; The Machine Hours Method; The Revaluation Method; The Depletion Method; The Sinking Fund Method; The Sinking Fund With Endowment Policy Method;
  42. Depreciation Step By Step What You Need; Note; Step By Step;
  43. Accounting For Bad And Doubtful Debts Postings; Saving Tax And Being Realistic;
  44. Accounting For Bad And Doubtful Debts Step By Step Posting To ‘provision For Doubtful Debts Account’ And ‘bad Debts Account’; Step By Step;
  45. Partnership Accounts What Is A Partnership?;
  46. Partnerships: Appropriation Accounts What You Need; Preparation;
  47. Partnership Accounts Step By Step Step By Step; Converting Final Accounts Into Vertical Format; Example: Frazer And Baines;
  48. Amalgamating Sole Proprietorships Into A Partnership Consolidation; Making The Adjustments; The ‘goodwill’ Value Of Each Business; Writing Off Goodwill After Amalgamation;
  49. How To Consolidate Two Balance Sheets Note On Depreciation; What You Need; Step By Step; Example; New Partner Joining; Partner Retiring;
  50. Limited Companies Public And Private Companies; The Company As A ‘person’; Share Capital; Authorised Share Capital; Ordinary And Preference Shares; Debentures;
  51. Limited Companies’ Books And Accounts The Profit And Loss Appropriation Account; A Limited Company’s Statutory ‘books’; Annual Audit; Special Points On Company Accounts;
  52. Format Of Company Accounts Directors Duties Regarding Accounts; Turnover And Cost Of Sales; Distribution Costs; Administration Expenses; Other Operating Income; Directors’ Report; Limitations Of Published Accounts; Internal Accounts;
  53. Revenue Accounts Of Limited Companies A Ledger Account; What You Need; Compiling Company Final Accounts Step By Step; Worked Example; Undistributed Profit;
  54. Balance Sheets Of Limited Companies No Ledger Posting Needed; Compiling A Company Balance Sheet Step By Step;
  55. Going Limited Three Methods Of ‘going Limited’; Adjustments To The Balance Sheet;
  56. Going Limited: Worked Example
  57. Club Accounts Surpluses And Accumulated Funds; Format Of Club Accounts;
  58. Club Accounts: Income And Expenditure Preparing Final Accounts; What You Need;
  59. Club Accounts Step By Step Preparation; Bar Trading And Income And Expenditure Account Step By Step;
  60. The Club Balance Sheet Step By Step Compiling The Club Balance Sheet Step By Step;
  61. Club Accounts: Adjustments And Subscriptions End Of Year Adjustments; Accrued Income; Prepayment; Subscriptions;
  62. Fixed Asset Register Fixed Asset Register;
  63. Asset Disposals A Form Of Final Account; Closing Down Two Related Accounts; Three Pairs Of Postings; The Resulting Profit Or Loss;
  64. Asset Disposals Step By Step What You Will Need; Step By Step;
  65. Correction Of Errors The Right Way To Correct Errors; Types Of Error;
  66. Correcting Errors Step By Step Identifying Errors; Treatment Of Minor Errors; Looking For Errors In The Trial Balance Step By Step; Correcting Errors And Closing The Suspenses Account;
  67. Value Added Tax A Tax On Purchases; Vat Rates; Vat Records;
  68. Accounting For Vat The Prime Entries For Vat; Step By Step; Special Arrangements For Retailers;
  69. Incomplete Records ‘shoebox Jobs’; The Capital Comparison Method; Capital Comparison Method Step By Step;
  70. Capital Comparison Method Step By Step What You Need; Step By Step; Example; Additional Proof For The Taxman;
  71. Bank Account Analysis Step By Step What You Need; Finishing The Job: Drawing Up Final Accounts; Step By Step;
  72. Interpreting Accounts A Variety Of Needs; Criticism Of Accounts; Consistency;
  73. Interpreting Accounts: Example
  74. Wages: Basic Principles
  75. Coin Analysis And Wages Book Making Up The Wage Packets; Wages Book/Deduction Cards;
  76. Stock Records And Valuation Basic Records; Stock Valuation Methods; First In First Out; Last In First Out; Average Cost Method; Example; Advantages Of Fifo Method; Disadvantages; Advantages Of Lifo Method; Disadvantages; Computerising The Stock Control System;
  77. Encountering Deviations From Standard Methods The Simplex System; The Slip System;
  78. Using Spreadsheet Pages How It Works; Speeding Up Ledger Posting; Sum Of The Years (Or Sum Of The Digits) Method Of Depreciation; Writing On Spreadsheet Pages; Adding Them Up; Calculating The C/D Balance; Configuring A Spreadsheet Page For Day Books; Making Things Easy For Yourse
  79. New Developments In Electronic Book-Keeping Advantages Of Computerised Book-Keeping Systems;
  80. More Advanced Accounting Break-Even Analysis; Cash Flow Projection; Investment Appraisal; Investing In Company Shares; Overhead Absorption;