Accounts Demystified: The Astonishingly Simple Guide to by Anthony Rice

By Anthony Rice

Might be shipped from US. Used books would possibly not contain significant other fabrics, could have a few shelf put on, may well comprise highlighting/notes, won't comprise CDs or entry codes. a hundred% a refund warrantly.

Show description

Read or Download Accounts Demystified: The Astonishingly Simple Guide to Accounting by Anthony Rice (2008-03-30) PDF

Similar elementary books

Numerical Methods for Large Eigenvalue Problems

An in depth view of the numerical tools used to unravel huge matrix eigenvalue difficulties that come up in numerous engineering and clinical purposes. The emphasis is at the tougher nonsymmetric difficulties, yet a lot of the real fabric for symmetric difficulties can also be lined. The textual content features a good theoretical part, and in addition describes a few of the very important innovations constructed lately including a couple of desktop courses.

Beginner's Basque

This identify incorporates a booklet and a couple of audio CDs. Basque is the language spoken through the Basque those that dwell within the Pyrenees in North vital Spain and the adjacent area of south west France. it's also spoken by way of many immigrant groups around the globe together with the united states, Venezuela, Argentina, Mexico and Colombia.

Opportunities: Elementary Teacher's Book

Possibilities is a brand new five-level direction for youths. Modules of topic-based devices supply wealthy, modern content material in accordance with a large choice of data issues. With a discovery method of grammar and an prematurely concentrate on vocabulary, possibilities guarantees the best language studying for college kids.

Extra resources for Accounts Demystified: The Astonishingly Simple Guide to Accounting by Anthony Rice (2008-03-30)

Example text

Unfortunately, during the year she had to pay an American hospital for a series of operations for her brother. He’s better now, but the operations cost her a total of £250,000. As a result, she only saved £5,000 during the year. What would you feel about Sarah in each of those situations, Tom? I’d obviously write her off in the first case. In the second, I’d be more than a little interested, provided she didn’t have any more sick relatives. Exactly. My point is that, as well as knowing what Sarah’s net worth is and by how much it has changed since last year, an explanation of why she only got £5,000 richer during the year can be very important.

Of course, none of the individual assets or liabilities has changed. The other thing you would normally do is to put the previous year’s balance sheet alongside the current year’s so they can be compared. Since SBL didn’t exist last year, there’s no balance sheet to show. If you look at Wingate’s balance sheet on page 241, however, you will see that it is laid out in the British style and has the previous year’s figures alongside this year’s. Basic concepts of accounting As I mentioned earlier, in addition to the fundamental principle, there are two basic concepts that we always apply when drawing up a set of accounts.

Thus, as soon as SBL delivered the stock, we would say the sale had been made and enter it on the balance sheet, even though the customer had not yet paid. I’m not sure I see why this matters, Chris. It’s a question of when we say the profit was made. It may be clearer with a simple example. Assume that on Monday you buy two tickets to a concert for £40. On Tuesday you sell them to a friend of yours for £50. You actually hand over the tickets to your friend on the Tuesday, but you agree that she need not pay you until Wednesday.

Download PDF sample

Rated 4.30 of 5 – based on 40 votes