Know Accounting Graphically (KAG) explains accounting (including bookkeeping and tax) graphically using balance charts. These simple yet powerful and versatile charts exploit accounting's wonderfully-elegant, two-bar structure. You'll SEE financial situations and changes, and soon be visualizing and sketching them. You'll understand accounting far more quickly and deeply, and more easily understand financial information which is presented in text. KAG's 128 pages, size 8.5" x 11', contain 60 balance charts and 30 other illustrations, and are printed in full color. They explain the accounting equation, the chart of accounts, processing transactions, income tax and value added tax, dividends and drawings, adjusting account balances, financial statements, financial (ratio) analysis, valuing and comparing businesses, and budgeting. Two types of consumption tax are levied sales tax (levied in the USA and some other countries), and value added tax which is levied in European countries, and China, Japan, Korea, Australia, etc. There are therefore two international editions of this one assumes that value added tax is levied, the other that retail sales tax is levied. Select the edition which is relevant to your situation, and discover that accounting is one of man's most useful and beautiful inventions.