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A simple, practical, and thorough treatment of daily accounting skills for business. Presented through the story of a typical businessman are basic accounting forms, journals, ledgers, trial balances, income statements, and balance sheets; sources and uses of funds; tax implications of assets, liabilities, owner's capital, income, cost of sales, and operating expenses; value of assets, depreciation, tax credits, and bad debt expense; travel and entertainment expenses and how to write them off; loans; ratios; breakeven sales; and financial techniques to increase profitability. Contains numerous charts, illustrations, graphs, sample forms, examples, and a complete glossary.