Basic bookkeeping : an office simulation

Basic Bookkeeping: An Office Simulation, Eighth Edition, Takes An Exciting Learn-by-doing Approach Using A Company Case Simulation So That Students Can Gain A Thorough Understanding Of All Aspects Of The Bookkeeping Process. This Edition Contains Updated Payroll Deduction Tables And The Latest Sales Tax Rates. Its Applied Approach Puts The Students In The Role Of The Bookkeeper For Kbc Decorating Co. And Challenges Them To Maintain The Financial Records For The Company Through One Fiscal Year. This Text Is Designed To Teach The Fundamental Concepts And Applications Of Bookkeeping. Cover......Page 1 TABLE OF CONTENTS......Page 7 PREFACE......Page 14 CHAPTER 1 AN INTRODUCTION TO BOOKKEEPING......Page 19 CHAPTER 2 RECORDING THE TRANSACTION......Page 31 CHAPTER 3 THE LEDGER......Page 53 CHAPTER 4 CORRECTING ENTRIES AND SALES TAXES IN CANADA......Page 70 CHAPTER 5 FREIGHT IN, DELIVERY EXPENSE, AND DUTY & BROKERAGE......Page 88 CHAPTER 6 USING SPECIAL JOURNALS......Page 96 CHAPTER 7 CREDIT NOTES, REFUNDS, AND DISCOUNTS......Page 127 CHAPTER 8 REMITTING GST AND HST......Page 146 CHAPTER 9 ACCOUNTING FOR CASH......Page 161 CHAPTER 10 PAYROLL......Page 191 CHAPTER 11 PARTNERSHIPS AND CORPORATIONS......Page 220 CHAPTER 12 ACCOUNTS RECEIVABLE AND BAD DEBTS......Page 235 CHAPTER 13 INTERIM PROFIT OR LOSS......Page 249 CHAPTER 14 AT YEAR-END: PREPARING TO CLOSE THE BOOKS......Page 264 CHAPTER 15 AT YEAR-END: CLOSING THE BOOKS......Page 283 APPENDIX A REAL-WORLD FINANCIAL STATEMENTS......Page 295 APPENDIX B ANSWERS TO THINK ABOUT IT!......Page 300 APPENDIX C CHART OF ACCOUNTS: KBC DECORATING CO.......Page 307 GLOSSARY......Page 311 INDEX......Page 321