Theory and Practice of Accounts, Applied Economics and Organization (Classic Reprint) - Couverture souple

Pace, Homer St. Clair

 
9781528019811: Theory and Practice of Accounts, Applied Economics and Organization (Classic Reprint)

Synopsis

Foundations of Accounting and Business Finance offers a clear, systematic guide to bookkeeping, balance sheets, and the value of assets, including concepts like good-will and partnerships.

Learn how accounting records reflect financial position and changes over time using practical, real-world examples. This edition presents the core definitions, the theory behind double-entry bookkeeping, and the practical steps needed to prepare accurate financial statements. It explains how to track ownership, value, and transfers of wealth, while showing how to handle common situations such as partnerships and the purchase of goodwill.

  • Foundational concepts: assets, liabilities, and the balance between them
  • Double-entry theory and its practical applications in everyday business
  • How goodwill can affect partnerships and business purchases
  • Realistic journal entries and balance-sheet illustrations to guide you
Ideal for readers seeking a practical, fundamentals-driven approach to accounting that supports private employment and business decisions.

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