A Practical Foundation in Accounting provides a lucid and comprehensive introduction to accounting for foundation level students. It combines easy-to-follow and modern presentation with detailed and practical coverage, supported by over two hundred carefully selected 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, this edition has been fully revised and updated. The book begins with a clear and comprehensive stage-by-stage introduction to double entry book-keeping and accounting. Subsequent early chapters cover depreciation, books of original entry, bad debts, control accounts, bank reconciliation, etc., in a similarly thorough manner. More specialised applications and an introduction to cash flow and interpretative aspects of accounting are dealt with in later chapters. This comprehensive introduction is suitable for the wide range of introductory courses in accounting and business studies at Colleges of Further Education.