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  1. #1

    Basic Accounting Reviewer - The trick of not being debarred

    The

    Trick

    of Not Being DEBARRED

    2009 Edition

    Pierre Edison S. Guimary BSA, CPA

    James Cristopher D. Domingo BSA, CPA

    Ramil I. Felipe BSA, CPA

    Copyright 2009


    Cover Design & Layout by: Guillermo L. Francisco II

    All Rights Reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means – electronic, mechanical, photocopying, recording, xerographic, photographic, or otherwise – without the express permission in writing of all the authors.

    Distributed by:

    [PinkGold BookStore – UST Carpark 2nd Floor]
    [Lares Bookstore – near CPAR]
    [Conanan Bookstore – near UE Recto]
    [InterCampus Trading – near PSBA]
    [FEU Cooperative Bookstore – Morayta]

    Also available:

    “Hairy Potter at and Simula ng Katapusan”

    [Twilight Edition]

    Taglish Accounting Textbook in Basic Accounting 1A&B

    By: James Cristopher D. Domingo, BSA, CPA

    You can also visit our website http://www.1001questions.multiply.com

    once in a while to read possible announcements about the book.

    LET US REVEAL THE SECRET…

    There is only one trick on how not to get debarred:

    STUDY VERY WELL.

    But this is easier said than done. In order to become a Certified Public Accountant in the future, there should be

    Commitment . Perseverance. Attitude.

    You need to be very committed in your chosen course. You should persevere and not give up easily at the start. You must develop the proper attitude in dealing with the subject, and that is to focus very well and not to be distracted with unnecessary things in life.

    When you study your Accounting lessons, you need to have

    Comprehension . Practice . Analysis.

    Learn how to comprehend the problems properly. You cannot answer a problem without really understanding what is being asked. Verify what you have learned in class by answering as much problems as you can. As the saying goes, Practice makes Perfect. And lastly, everytime you study and review an accounting problem, don’t just memorize, you should analyze!

    There may be 1001 Questions found in this book, but you will never ever take an exam that will have the exact figures or amounts as found in this book. Never ask “What is the Answer?”. Rather, ask yourself “Why and How did we arrive at this Answer?”.

    With this in mind, you can answer the thousands of accounting problems that you will encounter towards the fulfillment of your dream of being a

    Certified Public Accountant.

    Preface to the 2009 Edition

    Published review materials and books abound for every subject in the CPA Board Exam, but there is none at the moment for the first & most important subject every Accountancy student will take,

    BASIC ACCOUNTING 1A&B.

    This inspired the authors to make one and fill up that demand of a Basic Accounting Reviewer. The outcome is

    “The Trick of Not Being Debarred”.

    A reference material with numerous questions and verifiable answers & solutions prepared by the authors after each problem.


    These different problems would help prepare the students for every quiz, prelims, midterms, finals, and qualifying exam that they will have to take. Students will develop mastery of the subject because they will now be familiarized with the different formats of problems being asked during the exams. Aside from the author constructed problems, some of the questions were adapted from various international & local financial and cost accounting textbooks and past Philippine CPA and AICPA exams on Theory of Accounts, Practical Accounting 1 and Practical Accounting 2.

    The authors hope that this simple work would help every accountancy student in his or her studies. May this book guide them at the start of their journey towards becoming a CERTIFIED PUBLIC ACCOUNTANT in the future.

    Good Luck, and Godspeed…

    P.S. Guimary

    J.D. Domingo

    R.I. Felipe

    Table of Contents

    General Concepts and Conceptual Framework 6-62

    Accounting for Service Business 63-188

    Accounting for Merchandising Business 189-302

    Accounting for Manufacturing Business 303-363

    Accounting for Cash 364-460

  2. #2
    We are looking for students who want to distribute the textbook in their respective schools.
    We will give commission for every books sold.
    PM me if interested.

  3. #3
    i saw that.. ganda nga.... la b discount.. hehehhe

  4. #4
    humble_bee your from what school?

  5. #5

  6. #6
    We are looking for students who want to distribute the textbook in their respective schools.
    We will give commission for every books sold.
    PM me if interested.

  7. #7
    I'll try to get a copy of this book pagluwas ko ng Manila....seems interesting Meron ako kopya nung taglish na basic accounting!!!

  8. #8
    thats good to hear. from what school are you from?

  9. #9
    Pierre Edison S. Guimary BSA, CPA

    James Cristopher D. Domingo BSA, CPA

    Ramil I. Felipe BSA, CPA
    San ka jan sa tatlo?

  10. #10
    Quote Originally Posted by Prof. Jack View Post
    San ka jan sa tatlo?
    baka si Sir JC?

  11. #11
    mabuti UP and DLSU, hindi na nila kailangan ng ganitong klaseng book para pumasa sa Accounting. di katulad sa iba diyan sa may quiapo na kinikitaan lang ng pera ang ibang tao. tsk... tsk...

  12. #12
    Contemplare et Contemplata joseph0487's Avatar
    Join Date
    Sep 2008
    Location
    USA
    kabatch ko yang si felipe.

  13. #13
    Quote Originally Posted by PawnedKing View Post
    I'll try to get a copy of this book pagluwas ko ng Manila....seems interesting Meron ako kopya nung taglish na basic accounting!!!
    Sa isang maliit na kolehiya sa Quezon Province

  14. #14
    Quote Originally Posted by joseph0487 View Post
    kabatch ko yang si felipe.
    ayos ha...hehehe

  15. #15
    Quote Originally Posted by prince_sniffer View Post
    thats good to hear. from what school are you from?
    Sa isang maliit na kolehiya sa probinsiya ng Quezon

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  17. #16

    Basic accounting reviewer

    san po ba pwedeng makabili nito? also, i'm interested of selling it to my school. i'm part of jpia in my school..

  18. #17
    Quote Originally Posted by PawnedKing View Post
    Sa isang maliit na kolehiya sa probinsiya ng Quezon
    wala naman yan sa laki or sa liit ng school.

    anong year ka na sa college?

  19. #18

  20. #19
    Instructor ako dun!

  21. #20
    Quote Originally Posted by _mIah_ View Post
    how much po yung book?
    Il just pm you about the cost of the book.

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