 |  Amphibian Sounds: An Accounting Practice Set Hema Wijewardena,
University of Wollongong
Key Features
Based upon a scenario deliberately chosen to engage student interest and demonstrate relevance. Uses a periodic inventory system. Includes four special journals (Purchases Journal, Sales Journal, Cash Receipts Journal, and Cash Payments Journal) and two subsidiary ledgers (Accounts Receivable, and Accounts Payable) in addition to the General Journal and the General Ledger. Includes full introductory information, eliminating the need for supplementary instructor notes. Includes Microsoft® Excel Worksheets, giving students the choice of completing the practice set either manually or by computer. Helps students enhance their understanding of the following: The double-entry system The accounting cycle The chart of accounts Journalising and posting of transactions Use of special journals and subsidiary ledgers Handling of bad and doubtful debts, and depreciation Application of a periodic inventory system Preparing a bank reconciliation statement Reversing, adjusting and closing entries Compilation of financial information on a worksheet Determination of operating performance Presentation of classified financial statements Preparing a post-closing trial balance
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2002 McGraw-Hill Higher Education