Small Business pp 269-292 | Cite as

Accounting Systems

  • Jim Dewhurst
  • Paul Burns
Part of the Macmillan Small Business Series book series (SBUI)


The Companies Acts require that all companies keep certain accounting records ‘sufficient to show and explain the companies’ transactions’. The following records should be kept:
  1. 1.

    A record of day-to-day cash receipts and expenditures.

  2. 2.

    A record of assets and liabilities.

  3. 3.

    A statement of stock at the end of each financial year, and a statement of stock-taking from which it was prepared.

  4. 4.

    Except for ordinary retail trade, statements of all goods sold and purchased showing the goods and the buyers and sellers.



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Select Bibliography

  1. F. Wood, Business Accounting, vols 1 and 2 4th edn Pitman, 1987.Google Scholar
  2. Colin Drury, Management and Cost Accounting, Van Nostrand Reinhold (UK), 1986.Google Scholar
  3. J.F. Weston and E.F. Brigham, Managerial Finance (British edn by J. Boyle and R.J. Limmack), Holt, Rinehart & Winston, 1986.Google Scholar
  4. K.N. Bhaskar and R.J.W. Housden, Accounting Information Systems and Data Processing, Heinemann/CIMA, 1985.Google Scholar
  5. Choosing a Small Business Computer (2616), Chartac, n.d.Google Scholar

Copyright information

© Jim Dewhurst and Paul Burns 1989

Authors and Affiliations

  • Jim Dewhurst
  • Paul Burns

There are no affiliations available

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