This self-teaching book explains the accounting equation, describes financial statements, and guides students through the process of recording business transactions, maintaining special journals, and accounting for receivables and payables, inventories, payroll, and other related topics. Exercises with detailed solutions are presented with each topic to reinforce understanding. Computer spreadsheets and computer accounting programs are discussed and illustrated. The book concludes with additional exercises and a detailed glossary. Charts, graphs, diagrams, instructive line illustrations, and where appropriate, amusing cartoons help to make learning E-Z. Barron's E-Z books are self-teaching manuals focused to improve students' grades across a wide array of academic and practical subjects. For most subjects, the skill level ranges between senior high school and college standards. E-Z books review their subjects in detail, using both short quizzes and longer tests to help students gauge their learning progress. All exercises and tests come with answers. Subject heads and key phrases are set in a second colour as an easy reference aid.