If The Shoe Fits Manual Accounting Practice Set

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by: Hall

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On-line Price: $44.41 (includes GST) Paperback package 0 13%Off Retail Price You save: $7.00 TBA - Subject to Change. Price/availability/options for all orders will be confirmed by reply email before processing.	Retail Price: $51.41 Publisher: ,27.01.09 Category: ACCOUNTING Level: ISBN: 1442510838 ISBN13: 9781442510838
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If the Shoe Fits is the registered trading name of a women's shoe and boot retailer.

Nick Theobald is the proprietor and sole owner.

The student is asked to prepare the financial statements for If the Shoe Fits using seven main journals - Sales, Sales Returns, Purchases, Purchase Returns, Cash Receipts, Cash Payments and General Journal.

The practice set is based on periodic inventory methods however an appendix at the back gives the lecturer the flexibility to also teach the perpetual method if required.

The major advantage of teaching and learning with a manual practice set is that students will gain a genuine understanding of the underlying processes involved in preparing a set of financial statements. In a computerised setting, these processes occur in the background and typically are unseen by the user of the software.

Features and Benefits

This practice set:

  * focuses on an everyday retail business

  * includes 2 months of transactions

  * uses the periodic inventory method of accounting

  * does not include GST

  * includes source documents for June 2009

  * Offers instructors flexibility by including the perpetual inventory method with inventory cards as an appendix.

Table of Contents

Introduction
Accounting Information
Instructions - June 09 Transactions
Transaction Source Documents
Instructions - July 09 Transactions
Journals & Ledgers
Worksheet
Income Statement
Balance Sheet
The Perpetual Inventory System
Instructions
Inventory Cards
General Ledger Accounts