Includes bibliographical references and index.

Part One. Accounting for A Service Business -- Part Two. Accounting for A Merchandising Business -- Part Three. Accounting for Assets and Liabilities.

Accounting is the language of business. Every firm needs accounting information to make sensible business decisions. Only by using this information can management know if the operation is financially successful.
The larger firms must have detailed financial information to divide resources properly and to present financial results to their owners. College Accounting Procedures is organized to develop student understanding by using a competency based approach to learning tasks. In this book students are introduced to the various tasks that they must understand to accomplish the required accounting procedures. College Accounting Procedures is designed for students with no previous accounting background, who have completed high school and have chosen to continue their education by enrolling in a proprietary business school, a community college, or a junior college. The material has been developed with the needs and abilities of these students in mind, and is based on the authors' years of teaching introductory accounting courses. The book is written in a conversational tone and is provided with ample illustrations to make the discussions more meaningful.
The primary objective of the approach used is to build one competency on another until the student has the skill to carry out the day-to-day accounting requirements of a firm.