Are you in Grade 8 or 9 and want to be properly prepared for Accounting when you reach Grade 10? Or do you struggle with Accounting in Grade 10? If so, then this book is for you! Introduction to Accounting deals with all the topics that you will not necessarily find in your Economic and Management Sciences textbook. This book explains the basic accounting principles to provide you with a strong foundation for any further study in the accounting field. An Introduction to Accounting Teacher's Guide is also available for the Senior Phase or Grade 10 teacher, featuring: * Answers to all the activities in the Learner's Book * Ideas on lesson planning * Discussions on how to use this book together with the Economic and Management Sciences LTSM in Grades 8 and 9.

 

There are 220 pages in this book. This book was published 2009 by Cambridge University Press .

This book has the following chapters: Unit 1. Basic Accounting Principles: 1. Assets; 2. Liabilities; 3. Owner's equity; 4. The accounting equation; 5. Income; 6. Expenses; 7. The profit motive; Unit 2. Principles of Double Entry: 8. Transactions; 9. Ledger accounts; Unit 3. Service Enterprises: 10. Source documents; 11. Cash journals; 12. General ledger; 13. The trial balance; Unit 4. Trading Enterprises: 14. Cost price, selling price and profit mark-up; 15. Cash journals; 16. Posting to the general ledger; 17. The trial balance; Unit 5. Petty Cash: 18. What is petty cash?; 19. Systems; Unit 6. Creditors: 20. Cash and credit; 21. Recording credit purchases; 22. Recording payments; 23. Trade discount; 24. Effect of credit purchases and payments; 25. Analyse and interpret creditors' accounts and creditor's control; Unit 7. Debtors: 26. Granting credit; 27. Recording credit sales; 28. Recording receipts; 29. The effect of the accounting equation; 30. Analyse and interpret accounts; Unit 8. Final Accounts: 31. Closing transfers; Unit 9. Financial Statements: 32. Format of an income statement; 33. Format of a balance sheet; 34. Analyse and interpret financial statements; Unit 10. Additional Activities.