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close this bookAccounting for the Microbusiness - A Teaching Manual (Peace Corps, 1975, 105 p.)
View the documentInformation
View the documentAcknowledgement
View the documentIntroduction
close this folderThe system
View the document(introduction...)
View the documentThe preliminary interview
View the documentLesson # 1
View the documentLesson # 2
View the documentLesson # 3
View the documentLesson # 4
View the documentInstallation of the system
View the documentFollow-up visits
View the documentMonth end financial statements
View the documentAnalysis
View the documentThe financial statements
View the documentAdditional controls
View the documentOdd entries
close this folderAids
View the documentAccounting interview
View the documentThe object of accounting
View the documentBalance statement
View the documentAssets = Capital
View the documentAssets - Liabilities = Capital
View the documentProfit and loss statement
View the documentCost of goods sold
View the documentTrial balance
View the documentInitiation sheet
View the documentDefinition of debit and credit
View the documentThe evolution of debit and credit
View the documentTransactions
View the documentCash voucher
View the documentSales voucher
View the documentReceipt
View the documentDiagram of the system
View the documentCash book
View the documentGuide to accounting entries
View the documentCash transactions
View the documentCredit sales book
View the documentCredit purchases book
View the documentCredit sales
View the documentCredit purchases
View the documentPayments
View the documentLoans to employees section
View the documentLoans to employees list
View the documentBook of accounts: Title of account pages
View the documentMonthly inventory listing
View the documentGuide to financial statement elaboration
View the documentUniterrupted working capital flow
View the documentInterrupted working capital flow
View the documentInventory control - page examples
View the documentControl of postdated checks
View the documentAuxiliary cash on hand sheet
View the documentCredit payments with merchandise
View the documentAlternative Acc/Rec section

Installation of the system


a) Open the Books
b) Make the first day's entries


Aid 9


The first section is for teachers who are instructing students individually The second section resumes the group approach.


The one-on-one approach (Aid 9)

1.1 Give student "Initiation Sheet"'

1.11 All balances must be from the night before initiation.

1.12 Inventory is only the value of raw materials. Neither sales price nor invested labor is important.

1.13 Do not start system without 95% of information Bank balances, Inventory and Cash on Hand are imperative.

1.2 Teacher buys and organizes books.

1.21 Organization based on original interview and new information.

1.22 Place account headings in all books.


The Day of Initiation - in the company

2.1 Fill out Account Book with balances from the Initiation Sheet.

2.2 Pass balances to a Balance Statement and compute Beginning Capital

2.21 Pass Beginning Capital balance back to Account Book.

2.22 If the owner forgets something, the affected account must be changed and the Beginning Capital readjusted.

2.3 Open the Cash Book.

2.31 Enter Cash or hand and Bank Account Balances.

2.32 Check last page inventory section. If not complete, require completion by the next visit.

2.4 Open the Credit Books

2.41 Place names and account balances in the respective "individual account" sections of Accounts Receivable, Accounts Payable, Loans to Employees and Creditors.

2.42 Add up individual account balances and enter the sum in the respective "summary'' section. These balances must coincide with those in the Account Books.

2.43 Check fiat of Fixed Assets. If not complete, require completion by the next visit.

2.5 Place all papers and documents in their respective folders.


Make first day's entries. Entries are to be made daily.

3.1 Help owner if needed. Explain questions.

3.2 Have owner list doubts or omissions for the next visit.

3.3 Congratulate owner and get a well deserved beer or two!