This book presents concepts simply, while ensuring the best, most accurate coverage. College Accounting is designed to make accounting understandable to virtually everyone without sacrificing substance and technical correctness. A step-by-step, straightforward approach helps readers build practical accounting skills that are needed when entering the world of work. The simple service industry examples take you through the fundamental processes of financial accounting, including the development of financial statements, concerns about accounting for cash, and key aspects of accounting for taxes. The book continues with coverage of many aspects of accounting for merchandising businesses.