Accounts Demystified – Sixth Edition.
Hello and welcome to Accounts Demystified.
If you have the sixth edition of the book, here’s a summary of what you will find on this website…
- Chapter two of the book sets out 17 transactions that show how a balance sheet is constructed. If you go to SBL transactions, you can follow these transactions online.
- Chapter five is all about debits and credits. Go to Debits and credits quiz to test yourself.
- From chapter six on, most of the book is about the imaginary company, Wingate Foods. It will be a lot easier if you have a copy of Wingate’s accounts to hand so you don’t keep having to refer to the back of the book. To print out the accounts, go to Wingate annual report.
- Wingate 5 yr financials is a spreadsheet with the P&L, balance sheet and cash flow statements and all the ratios for five years.
Under Other resources, I plan to put some other things that you might find useful in furthering your understanding of accounting. Hopefully, I will get to this eventually.
Do let me know if there’s anything else I could put on here that would help. Equally, if you have any feedback on the book or this website, please don’t hesitate : Contact me