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Now going into its 9^th edition, the successful textbook Book-keeping and Accounts is a vital guide for students undertaking studies of book-keeping and accounting for the first time. Through its gradual introduction of topics, explanation of technical terminology in a clear, easy to understand way, this text provides an accessible and reliable guide for any student in their undergraduate career.

New to this edition:

· Fully compliant with International Financial Reporting Standards (IFRS), with current IFRS terminology.

· Questions and exercises to test your understanding and help with revision.

· Selected chapters amended and re-structured.

· Full explanation of HMRC changes in VAT relating to cash discounts.

· Illustrations and diagrams to help explain key concepts.

· Updated ‘learning objectives’ and ‘chapter summaries’, to reflect developments in the financial environment

· Easy to understand to double entry book-keeping using the ‘IN’ and ‘OUT’ approach.

With its highly regarded authorship this text is used by lecturers for teaching students undertaking the following qualifications and examinations; Association of Accounting Technicians (AAT), International Association of Book-keepers (IAB), A Level Accounting, Oxford Cambridge and Royal Society of Arts (OCR), and as a general foundation text for personnel employed in the accountancy profession.

Accompanying the text is a collection of resources to support both lecturers and students which can be found at www.pearsoned.co.uk/wood

- For instructors : Solution’s manual, and Powerpoint slides

- For students : Opportunities to practise and additional support with our companion website

Book-keeping and Accounts

• Title Page


• Copyright Page


• Contetns


• Preface to the ninth edition


• Acknowledgements


• Part 1 Introduction to principles of accounting


• 1 Introduction to accounting principles


• 2 The accounting system


• 3 The accounting equation and statement of financial position


• 4 The double entry system for assets, liabilities and capital


• 5 The double entry system for inventory


• 6 The double entry system for expenses and revenues


• 7 Balancing off accounts


• 8 The trial balance


• 9 Capital and revenue expenditures


• Part 2 The financial statements of sole traders


• 10 Introduction to statements of profit or loss


• 11 Statements of financial position


• 12 Statements of profit or loss and statements of financial position: further onsiderations


• 13 Accounting standards, rules and concepts


• Part 3 Books of original entry


• 14 Value added tax (VAT)


• 15 Business documentation


• 16 Division of the ledger: sales day book and sales ledger including VAT


• 17 Purchases day book and purchases ledger including VAT


• 18 Sales returns day book and purchases returns day book


• 19 Analytical day books


• 20 Business banking


• 21 Cash books


• 22 Petty cash and the imprest system


• 23 Bank reconciliation statements


• 24 The journal


• 25 Control accounts


• Part 4 Adjustments for financial statements


• 26 Depreciation of non-current assets


• 27 Double entry records for depreciation and the disposal of assets


• 28 Bad debts and allowances for doubtful debts


• 29 Accruals, prepayments and other adjustments for financial statements


• 30 Extended trial balance


• 31 Inventory valuation


• 32 Errors not affecting trial balance agreement