CPA SECTION 1 & ATC
FINANCIAL ACCOUNTING
STUDY TEXT
, ii FINANCIAL ACCOUNTING
Copy r i ght
ALL RIGHTS RESERVED.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any
means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of
the copyright owner. This publication may not be lent, resold, hired or otherwise disposed of in anyway of trade
without the prior written consent of the copyright owner.
T E X T
ISBN NO: 9966-760-10-5
S T U D Y
© 2009 STRATHMORE UNIVERSITY PRESS
First Published 2009
STRATHMORE UNIVERSITY PRESS
P.O. Box 59857, 00200,
Nairobi, Kenya.
Tel: +254 (0) 20 606155 Fax: +254 (0) 20 607498
Design Concept & Layout - Simplicity Ltd - P.O Box 22586-00400 Nairobi. Email:
, ACKNOWLEDGMENT iii
Acknowledgment
T E X T
We gratefully acknowledge permission to quote from the past examination papers of Kenya
Accountants and Secretaries National Examination Board (KASNEB).
S T U D Y
, iv FINANCIAL ACCOUNTING
T E X T
S T U D Y
FINANCIAL ACCOUNTING
STUDY TEXT
, ii FINANCIAL ACCOUNTING
Copy r i ght
ALL RIGHTS RESERVED.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any
means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of
the copyright owner. This publication may not be lent, resold, hired or otherwise disposed of in anyway of trade
without the prior written consent of the copyright owner.
T E X T
ISBN NO: 9966-760-10-5
S T U D Y
© 2009 STRATHMORE UNIVERSITY PRESS
First Published 2009
STRATHMORE UNIVERSITY PRESS
P.O. Box 59857, 00200,
Nairobi, Kenya.
Tel: +254 (0) 20 606155 Fax: +254 (0) 20 607498
Design Concept & Layout - Simplicity Ltd - P.O Box 22586-00400 Nairobi. Email:
, ACKNOWLEDGMENT iii
Acknowledgment
T E X T
We gratefully acknowledge permission to quote from the past examination papers of Kenya
Accountants and Secretaries National Examination Board (KASNEB).
S T U D Y
, iv FINANCIAL ACCOUNTING
T E X T
S T U D Y
