Accounting theory and practice, Volume 1 (of 3)

by Roy B. Kester

CONTENTS

CHAPTER		PAGE
I	Basic Relationships—Proprietorship	[ 1]
II	Assets, Liabilities, and Capital	[11]
III	The Balance Sheet	[22]
IV	The Comparative Balance Sheet	[32]
V	The Economic or Profit and Loss Elements of a Business	[38]
VI	The Profit and Loss Summary	[44]
VII	Interrelation Between the Economic and the Financial
	Elements of a Business, and Some Inter-Ratios	[57]
VIII	The Account	[67]
IX	The Account (Continued)	[72]
X	The Philosophy of Debit and Credit	[78]
XI	Debit and Credit as Applied to Asset and Liability Accounts	[85]
XII	Debit and Credit as Applied to Proprietorship Accounts	[91]
XIII	Debit and Credit as Applied to Mixed Accounts	[97]
XIV	Periodic Work on the Ledger	[106]
XV	Periodic Adjustments and Summarization	[115]
XVI	Sources of Data for the Ledger	[132]
XVII	The Subdivision of the Journal	[136]
XVIII	The Purchase and Sales Journals	[139]
XIX	The Cash Journals	[147]
XX	The Modern Journal	[162]
XXI	Business Papers—Negotiable Instruments	[173]
XXII	Business Papers—The Goods Invoice and Bill of Lading	[185]
XXIII	Banks and Their Methods	[192]
XXIV	Methods of Posting	[199]
XXV	The Trial Balance and Methods of Locating Errors	[204]
XXVI	The Classification of Accounts	[213]
XXVII	The Work Sheet and Summary Statements	[221]
XXVIII	Adjusting and Closing the Books	[237]
XXIX	Types of Accounting Records and Their Development	[251]
XXX	Controlling Accounts	[264]
XXXI	Handling Controlling Accounts	[272]
XXXII	Partnership from a Business Viewpoint	[284]
XXXIII	Partnership from the Accounting Viewpoint	[290]
XXXIV	Capitalization of the Partnership	[297]
XXXV	Other Partnership Problems	[305]
XXXVI	Partnership Profits	[313]
XXXVII	Partnership Dissolution	[321]
XXXVIII	The Corporation	[330]
XXXIX	Opening the Corporation Books	[338]
XL	Current and Closing Entries for the Corporation	[351]
XLI	Handling the Cash	[366]
XLII	Notes Receivable and Payable	[376]
XLIII	Problems Encountered in Recording Notes Receivable and Payable	[384]
XLIV	Discounts	[392]
XLV	Balance Sheet Valuation	[403]
XLVI	Buying and Stock Control	[420]
XLVII	Sales	[433]
XLVIII	Consignments	[447]
XLIX	Adventure Sales	[460]
L	Accounts Current	[468]
LI	Balancing Methods	[477]
LII	Some Application of Interest and Proportion	[485]
LIII	Single or Simple Entry	[495]
LIV	Illustration of Single Entry	[504]
Appendix	A—Practice Work for Student—First Half-Year	[513]
	B—Practice Work for Student—Second Half-year	[553]
	C—Miscellaneous Problems for Supplementary Work	[597]