Basic Bookkeeping: An Office Simulation, Eighth Edition, takes an exciting learn-by-doing approach using a company case simulation so that students can gain a thorough understanding of all aspects of the bookkeeping process. This edition contains updated payroll deduction tables and the latest sales tax rates. Its applied approach puts the students in the role of the bookkeeper for KBC Decorating Co. and challenges them to maintain the financial records for the company through one fiscal year. This text is designed to teach the fundamental concepts and applications of bookkeeping.

Chapter 1: An Introduction to Bookkeeping Chapter 2: Recording the Transaction Chapter 3: The Ledger Chapter 4: Correcting Entries and Sales Taxes in Canada Chapter 5: Freight In, Delivery Expense, and Duty and Brokerage Chapter 6: Using Special Journals Chapter 7: Credit Notes, Refunds, and Discounts Chapter 8: Remitting GST and HST Chapter 9: Accounting for Cash Chapter 10: Payroll Chapter 11: Partnerships and Corporations Chapter 12: Accounts Receivable and Bad Debts Chapter 13: Interim Profit or Loss Chapter 14: At Year-End: Preparing to Close the Books Chapter 15: At Year-End: Closing the Books Appendix A: Real-World Financial Statements Appendix B: Answers to Think About It! Appendix C: Chart of Accounts: KBC Decorating Co. Glossary Index