Lesson One 1
Accounting Definition 1
Grammar：Members of the Sentence 4
Lesson Two 8
Assets，Liabilities and Owner s Equity 8
Lesson Three 12
Accounting Equation and Transactions 12
Grammar：Infinitive 19
Lesson Four 23
Accounting Statements 23
Account and Books 27
Lesson Five 27
Grammar：Participle 33
Lesson Six 38
Accounts Classification 38
Lesson Seven 44
Completion of the Accounting Cycle(1) 44
Grammar：Gerund 53
Lesson Eight 56
Completion of the Accounting Cycle(2) 56
Lesson Nine 64
Cash 64
Grammar：Complex Object 71
Receivables and Payables 73
Lesson Ten 73
Inventory 79
Lesson Eleven 79
Grammar：Noun Clauses 86
Lesson Twelve 90
Fixed Assets and Intangible Assets 90
Lesson Thirteen 98
Payroll Accounting 98
Grammar：Attributive Clauses 105
Lesson Fourteen 110
The Legal Forms of Business Ownership: The Corporation 110
The Legal Forms of Business Ownership: The Sole Proprietorship and the Partnership 120
Lesson Fifteen 120
Grammar：Adverbial Clauses 125
Lesson Sixteen 130
Accounting for Manufacturing Operations 130
Appendix I 139
Reading Material(I) 139
Reading Material(II) 148
Appendix II 155
Translation of the Texts 155
Appendix III 202
Glossary 202