Accounting

This document covers Cash and Receivables, Time Value of Money, Valuation of Accounts Receivable through Direct Write-off and allowance method, the reconciliation of bank balances, and the imprest petty cash system.

In this document are comprehensive notes that cover the following topics: understanding the uses and limitations of an income statement, describing the content of the income statement, preparing an income statement, explaining how to report various income items, understanding the reporting of accounting changes and errors, preparing a retained earnings statement, and explaining how to report other comprehensive income.