CONTENTS 



CHAPTER pAGB 



I. BOOKKEEPING AND BUSINESS TRANSACTIONS . . 1 

 Accounting- and Bookkeeping; Books of Account; 

 The Essentials of a Transaction; The Use of Ac- 

 counting Information; Statement of Resources 

 and Liabilities; Comparison of Statements; Loss 

 and Gain Statement; Analysis of the Financial 

 Statements; Illustrative Problems; Review Ques- 

 tions. 



II. THE LEDGER 13 



The Importance of the Ledger in Accounting; 

 Bookkeeping Abbreviations; Business Transac- 

 tion; Value; Property; Capital; Account; Debits 

 and Credits; Ledger; Accounts Illustrated; Analy- 

 sis of the Entries; An Account in Balance; No 

 Subtractions in Accounts; Reasoning out Debits 

 and Credits; Interpretation of Accounts; Debit 

 and Credit Balances; Statements Prepared from 

 Ledger Accounts; Illustrative Problems; Review 

 Questions. 



III. SUBDIVISION OP CAPITAL ACCOUNT . . 38 



Reason for Subdividing Capital Account; A Com- 

 parison of the Two Methods; Expense and Income 

 Accounts; Nominal Accounts; Loss and Gain Ac- 

 count; Transfer or Closing Entries; Closing Loss 

 and Gain into Proprietor's Capital; Comparison 

 of Results ; Balance Brought Down ; Classification 

 of Accounts ; Illustrative Problems ; Review Ques- 

 tions. 



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