Accounting and Records, Page 1 of 2 Cash-basis Accounting Single-entry record keeping Double-entry record keeping Accrual-basis Accounting These each have merit, purpose, and applicability. The business type/purpose and size and the ownership structure will determine which accounting method and record keeping system is. Edition 3 practice set catalog. Perdisco practice sets are designed for introductory and intermediate accounting students and typically require between 10 to 20 hours of study effort. Each practice set requires students to record transactions and prepare financial statements, either manually or through the use of an accounting software package (Sage 50 software practice sets are also available). Baldy's Barber Shop Practice Set Course Objective Baldy’s Barber Shop was made to provide individuals and the accounting and bookkeeping student with an overview of how the manual accounting and bookkeeping concepts taught in an introductory accounting course can be applied to a manual and computerized accounting system.
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