Bookkeeping and Accounting Step-by-step Basics for Small & Medium Sized Businesses and Home Businesses: Over 20 examples of common accounting transactions! (Book #6)
This book is written for beginners to bookkeeping and accounting, and junior bookkeepers who want a basic understanding of bookkeeping and accounting concepts. The focus of the book is to be practical, so there is no detailed theory involved. In this book, you will be introduced to the most common accounting transactions used in small & medium sized businesses and home businesses. With over 20 examples of common accounting transactions, you can have confidence on your job on how to handle these daily transactions such as cash, inventory, revenue, and expenses. The book also discusses types of accounting accounts such as assets, liabilities, and owner's equity, and how they form the financial statements. Sometimes businesses purchase additional capital assets, and a discussion is provided on how to record these transactions and record depreciation at month-end or year-end. Shareholder transactions, such as shareholder loans, are also introduced and explained on how to record in the books. After reading this book, the reader should have a basic understanding on how to do basic bookkeeping and accounting.
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