This text, previously published by Unwin Hyman, provides a comprehensive introduction to accounting for foundation level students. It combines an easy-to-follow presentation with detailed and practical coverage, supported by over 200 questions chosen to test students' progress and degree of comprehension. This fifth edition includes full answers to approximately half of the questions for the use of the students. Retaining its practical approach and "user-friendly" format, it has been fully revised and updated. The book begins with a stage-by-stage introduction to double entry book-keeping and accounting. Subsequent early chapters cover depreciation, books of original entry, bad debts, control accounts and bank reconciliation. More specialized applications and an introduction to cash flow and interpretative aspects of accounting are dealt with in later chapters. The book should be of use for the wide range of introductory courses in Accounting and Business Studies at Colleges of Further Education.