Publisher's Synopsis
This textbook arises out of research conducted by the author over many years of teaching, research aimed at finding out what is needed by beginners to understand the logic of debits and credits within the basic structure of accounts, to see the reasons for the way they are applied to transactions and to appreciate the common sense of the meanings given to them.;Many different approaches to explaining debits and credits have been made. Most beginners start their studies with a view of debit and credit which is the opposite of the view taken in the structure of accounts. The author believes that the way to make the application of debits and credits clear and logical is by illustrating how they are used as plus and minus within the mathematical structure, to satisfy the formula which produces the profit or loss and the assets and liabilities.;Coverage includes initial concepts, mathematical structure, the start of a business, nature of capital, accounting equations, composition of net worth and monetary position, nature and influence on the monetary position of cash and credit transactions, recognition of balances, purchases, sales and stock, elementary depreciation and an additional chapter on drawings.;Appendices provide illustration of the standard rulings of accounts obtainable from stationers, addresses for information, syllabuses and examination schedules, a guide to further education, and also instruction in basic calculations.;A grasp of this text should help the student to assimilate the instruction received in the classroom, whatever form this may take and whatever the main textbook used. Also, an appreciation of the evaluation of debits and credits as plus and minus in the mathematical structure of accounts should be of considerable help, as this leads naturally to computerization.;An aim of the book is to create a sound foundation of understanding of the mathematical structure of accounts in students undertaking courses set by academic and professional examination bodies.;As well as being suitable for school pupils, both those as young as 11 and those in the 16-18 group, and for college students, "Accounting for Beginners" aims to give people running a small business, or the self-employed, sufficient instruction for understanding the basic structure of accounts and their value in providing information for sound management, monetary control and the information required for producing a profit and loss account and a balance sheet.;It should also be suitable for a course of study where bookkeeping or accounting is included in liberal studies in technical colleges.
