Faq Basic Accounting Concepts

This e-book is a guide and reference resource for students of accounting. In simple language, it explains the basic accounting concepts and why they are important in the process and application of accounting/bookkeeping. Basically, the mechanics of accounting is little more than adding and subtracting figures, and sometimes applying a percentage. So, it is not usually the maths of accounting that students find difficult to grasp. Rather, it is the WHY of accounting. This book compiles answers provided by Peter Baskerville to questions about the WHY of basic accounting. It is designed as a learning resource that users can ‘dip in and out of’ as they seek answers to specific questions, rather than as a book to be read sequentially from cover to cover. There is some necessary repetition to ensure answers to all questions are contained and comprehensive. Peter has taught bookkeeping and accounting for many years, and has first-hand experience in helping students to understand basic accounting concepts.