This market-leading college accounting text helps students understand basic business structures and cycles and gain competence in ledger entry and organization. Known for its accuracy, careful pacing, and repetition of terms, concepts, and procedures, the text provides a comprehensive introduction to the business of accounting. The Eighth Edition retains the popular characteristics of previous editions, while integrating Internet features that support classroom planning and instruction and provide students with real-world business experience. New pedagogical tools, such as web activities and problem-solving exercises, have been added to reflect this integrated approach. New! PowerPoint slides--available on the Instructor and Student web sites, HM ClassPrep CD-ROM, and HMAccounting Student CD-ROM--include forms, tables, and art from the text as well as sample problems and other resources. New! Blackboard Course Cartridges and WebCT CDs provide flexible, efficient, and creative ways to present learning materials and manage distance-learning courses. In addition to course management features, instructors can track student performance electronically and receive assignments via the Internet. New! SMARTHINKING online tutoring provides support for students during typical homework hours. Students may interact live online with an "e-structor" or submit questions and spreadsheets for feedback within 24 hours. New! The "Computer Lab" feature allows students to manage accounting transactions for a sole proprietorship business, which helps them gain real-world accounting experience. New! Houghton Mifflin Windows General Ledger Software has been updated to offer complete coverage of accounting concepts and procedures in a user-friendly computer environment. The GLS allows students to solve selected problems from the text and is available on the new HMAccounting Student CD-ROM.