Fundamental Accounting

The book has been specifically designed to include all topics covered in first courses in accounting in higher education. In addition, it caters for the curriculum of professional bodies which examine students for entry into business and accounting careers.

The mathematical logic which underlies the accounting equation is such that
when any transaction is analysed and the entries are made, there will always be
one entry on the debit side of an account and another entry for an equal amount
on ...