【正文】 Revenues√ Paidin Capital√ The purchase of inventory costing $2,000252。? 2. they are _________ by Garsden Company。 otherwise the measurement is based on its _______.Why measuring assets at cost?n Estimating fair value of each asset may be expensive and unreliable.n Many assets are not going to be sold in the near future. The entity and those who use its balance sheet therefore don’t need to know the fair value of these assets.n Monetary assets, for example, cash, securities and bonds, are those that have a claim on a specified amount of money.n Land, buildings, equipment and inventory are nonmometary assets.n In general, monetary assets are reported at________。課 程 教 案2014—2015學年 第二學期課程名稱：會計英語課程性質(zhì)：必修課授課班級：涉外會計授課教師：楊舒教師所屬系（部）：商貿(mào)系總 學 時：40周 學 時：2 Part1 Basic of accounting教學方法：講授法、實例法 教學目的：u 掌握資產(chǎn)、負債和所有者權益的會計含義u 掌握復式記賬、貨幣計量、會計實體、持續(xù)經(jīng)營以及資產(chǎn)計量原則u 熟悉資產(chǎn)負債表的特征u 了解資產(chǎn)負債表的主要科目重點和難點：重點： basic financial statements 2. Six elements of accounting that govern all accounting難點： that govern all accounting 學時分配：4課時　講課4課時參考書目： 《基礎會計》2006年7月第2版 金躍武主編 高等教育出版社 《企業(yè)會計準則》（財政部文件）2006年　 中國財政經(jīng)濟出版社 《基礎會計與實務》2005年7月第2版　李惠芝主編　清華大學出版社 《基礎會計》 2005年7月第2版 薛洪巖主編 立信會計出版社 《初級會計實務》（全國會計專業(yè)技術資格考試用書）　2004年9月第1版　中國財政經(jīng)濟出版社n Nonmonetary assets are reported at ___________.n The dualaspect concept:n _______=________+________n The moneymeasurement concept:n Accounting reports only the facts that can be expressed in _________.n The entity concept:n Accounting are kept for the _______.n The goingconcern concept:n Accounting assumes that an entity will______.n The assetmeasurement concept:n Accounting focus on the _______of monetary assets and on the ______ of nonmonetary assets.Balance Sheet Itemsn Most items on a balance sheet are summaries of more detailed accounts.n For example, the cash is probably located in a number of separate bank accounts, in cash registers and in petty cash boxes.Assetsn In order to count as an asset in accounting, an item must pass three tests: 1) must be controlled by the entity。? 3. they are acquired at a measurable _______.? Goodwill arises when one pany buys another pany and pays more than the value of its net identifiable assets. Grady Company bought Baker Company, paying $1,400,000 cash. Baker Company’s identifiable assets were judged to be worth $1,500,000, and Grady became responsible for Baker’s liabilities, which totaled $500,000.? Baker’s identifiable assets $______? less liabilities _______? Net identifiable assets _______? Grady paid Baker $1,400,000? Therefore, goodwill was _______Current liabilities Current liabilities are obligations due in the near future, usually within one year.? Accounts Payable? Bank Loan Payable? Accrued Liabilities? Accounts Payable are the opposite of Accounts ______。 Selling merchandise for $300 which cost $200252。10,0003Cash√5,0003006Inventory√2,000 that is , increases in asset accounts are recorded on the _____ side.? Example: Brown Company received $300 cash from Jones to settle her account receivable.Cash(Increases). 10,000300(Decreases)(Increases). 2,000(Decreases)According to the fundamental equation, accounting requires that each transaction give rise to equal totals of leftside and rightside amounts.? An increase in any asset account is always recorded on the left side. Therefore, since the totals of leftside and rightside amounts must equal each other, a decrease in any asset must always be recorded on the right side.? Black Company borrowed $700 from Federal Bank, signing a note.Cash(Increases). 10,000300(Decreases)To show equal totals of rightside and leftside amounts, the corresponding change is recorded on the right side.? As the equation Assets= Liabilities + Equity indicates, the rules for liabilities accounts are:? Liabilities accounts increases on the right side.? Liabilities accounts decreases on the left side.? The rules for equity accounts are the same as those for liabilities accounts. ? Assets accounts are on the left side of the balance sheet, and they increase on the left side.? Liability and equity accounts are on the right side of the balance sheet, and they increase on the right side.Debit and Credit? In the language of accounting, the left side of an account is called the debit side, and the right side is called the credit side.? Debit and Credit are also verbs. To record an increase in cash, we debit the Cash account. To record a decrease in cash, we credit the Cash account.? Increases in assets are [debits / credits].? Decrease in liabilities are [debits / credits].? Increases in equity are [debits / credits].? Decreases in equity are [debits / credits].? Exhibit 3? Record the following transactions in the accounts.? A. Inventory costing $600 was purchased for cash.? B. Inventory costing $400 was purchased on credit.? C. Green Company paid $300 to a creditor.? D. Green Company received $500 in cash from a credit customer.? Because the total of the debit entries for any transaction should always equal the total of the credit entries, it is easy to check the accuracy with which bookkeeping is done.Ine Statement Accounts? Ine Statement reports the revenues and the expenses of an accounting period and the difference between them, which is ______ .? (There are various subtotals of ines, such as Gross Ine and Operating Ine and Net Ine.)? Revenues are [increases/decreases] in equity during a period, and expenses are [increases/decreases] in equity.? Increases in revenues are [debits / credits].? Increases in expenses are [debit / credit].The ledger and the journal? So long as there is space to record the debit