Ebook Business accounting 1 (Tenth edition): Part 1

The main contents of this chapter include all of the following: The accounting equation and the balance sheet; The double entry system for assets, liabilities and capital; The asset of stock; The effect of profit or loss on capital and the double entry system for expenses and revenues; Balancing off accounts; The trial balance; Trading and profit and loss accounts: an introduction; Balance sheets; Trading and profit and loss accounts and balance sheets: further considerations; Accounting concepts;…