PrereadingA BRIEF LOOK AT ACCOUNTING1 Chapter 1INTRODUCTION TO ACCOUNTING CONCEPTS AND PRACTICE7 Chapter 2ANALYZING TRANSACTIONS16 Chapter 3FINANCIAL MANAGEMENT32 Chapter 4THE MATCHING CONCEPT AND THE ADJUSTING PROCESS — I48 Chapter 5THE MATCHING CONCEPT AND THE ADJUSTING PROCESS — II61 Chapter 6FINANCIAL STATEMENTS72 Chapter 7ACCOUNTING FOR CASH89 Chapter 8BAD DEBTS104 Chapter 9INVENTORIES — I126 Chapter 10INVENTORIES — II139 Chapter 11PLANT ASSET AND DEPRECIATION156 Chapter 12CORPORATIONS173 Chapter 13PARTNERSHIP186 Chapter 14STATEMENT OF CASH FLOWS204 Chapter 15ACCOUNTING IN CHINA IN TRANSITION: 1978 — 2000225 Answers to the Exercises243