This highly-successful text has been updated in this fourth edition to take account of changes to the Principles of Accounts syllabus, at both Basic and General Proficiency levels. The new edition includes: * a fuller range of questions, including more examples of CXC-style questions; * a chart which matches the contents of the book to the new syllabus, thereby giving the students and teachers confidence that syllabus objectives are fully covered; * an updated approach which takes into account the different ways of presenting accounts (i.e. vertical and horizontal); * a new chapter which specifically gives guidance on the new School-Based Assessment component of the syllabus.