Essentials of Accounting

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This self-teaching introduction to financial accounting presents the ideas and terminology essential to an understanding of balance sheets, income statements, and cash flow statements. Thus, the focus is on the user of accounting information.

As in previous editions, the Fifth edition requires readers to solve accounting problems, based on the author’s belief that this is the most effective way to understand the meaning and use of accounting information. Thus, every frame requires student involvement – either selecting a correct word from two choises, providing an answer, making a journal entry, or preparing a complete balance sheet.



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