Includes index.

1. Accounting - a source of financial information -- 2. Financial recording and reporting -- 3. Sales, cost of goods sold, and inventories -- 4. Plant and intangible assets; depreciation, depletion and amortization -- 5. Stockholders' equity -- 6. Debt financing and investment -- 7. The basic theory underlying financial statements -- 8. Appraisal of financial position -- 9. Appraisail of the adequacy of earnings -- 10. Reporting changes in financial position.

A survey of Basic accounting is designed for use primarily by those who wish to obtain a basic understanding of the accountant's approach to measuring and reporting upon the economic activity, resources, and obligations of a business and how this information might be useful in decision making.