This practical guide teaches small business owners how to keep the books and prepare accounts. The accounts included follow the layout of the new Inland Revenue self-assessment tax return (effective April 1997) and are based on examples from real business owners.
Requiring no prior knowledge of book keeping or accounting, this is a complete, step-by-step course in elementary accounting. It gives clear and concise explanations of accounting principles and practice including PAYE, cashflow statements, accounting for share capital, accounting standards and non-financial reporting. Clear explanation, diagrams and worked examples enable the student to master the basic principles then apply them to example problems.