Practical Accounts & Bookkeeping in easy steps, 3rd edition is updated to cover the latest UK legislation. It starts with the basics the reader needs to know to record their day-to-day transactions and how they appear in Nominals, Trial Balance, Profit & Loss and the Balance Sheet. It then covers: * Understanding accounts and why they are important. * The legal documents required when preparing accounts. * What happens if accounts are not submitted in time, and when accounts need to be sent to authorities. * Creating a balance sheet using sales ledgers, purchase ledgers, and nominal ledgers. * VAT – registering, charging, and reclaiming. * Annual adjustments – Prepayments, Accruals, etc. * Calculating Profit for tax and Capital Allowances. * Key Accounting Principles: Double Entry, Direct and Indirect costs, Fixed and Current Assets, Depreciation, Capital Allowance, and more! This book will help readers make sense of the “daunting” accounts world. It will help them to spot problems in the accounts and explain them to others using the correct terminology. It will also show readers how computer software has been designed to simplify the processes. Readers will master basic bookkeeping, then work through the book at their own pace to get a deeper understanding of Accounts. Includes examples to practice, and a Questions and Answers section so readers can test their knowledge.
