會(huì)計(jì)英語(yǔ)第三章復(fù)習(xí)(完整版)
【正文】 e n s e 1 , 4 0 0 U t i l i t i e s e x p e n s e 230 T o t a l e x p e n s e s 2 , 6 3 0 N e t i n c o m e 3 , 4 7 0$ F A S T F O R W A R DI n c o m e S t a t e m e n tF o r t h e M o n t h E n d e d D e c e m b e r 3 1 , 2 0 0 7Rev enu es : Co n sult ing r ev enu e 5,800$ Rent al r ev enu e 300 T o t al r ev enu es 6,100$ E xpen se s: Rent e xpen se 1,000 S al ar ie s ex p ense 1,400 Ut il ities e xpen se 230 T o t al e xpen se s 2,630 Net i n e 3,470$ F o r th e M o n t h E n d ed Decemb er 3 1, 2 00 7F A S T F O RW A RDInco me S t atemen tStatement of Owner39。tra??l試驗(yàn)；審訊；努力 Steps in the accounting cycle Analyze transactions from source documents Record by entries Post to accounts Adjusting entries Journalizing and posting closing entries Prepare trial balance Prepare financial statements Steps of The accounting cycle Transactions Financial Statements Source Documents Journal Entry Ledger accounts Trial Balance Ine statement Accounts Balance Sheet Ine Statement etc Understand how doubleentry accounting works ? The mechanics of doubleentry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits and credits. ? doubleentry bookkeeping (or system) ? singleentry bookkeeping (or system) The DoubleEntry Accounting ?Debit （ Dr.） n. 借 ,借方 ,借記 ? Debit card 借記卡 ? Debit balance 借方余額 ? v. 計(jì)入借方 ,借計(jì) ? Debit an account 計(jì)入借方賬 ?Credit （ Cr.） n. 貸 ,貸方 ,貸記 ? Credit card 貸記卡 ? Credit貸方余額 ? v. 計(jì)入貸方 ,貸計(jì) ? Credit an account 計(jì)入貸方賬 DoubleEntry Accounting “ Doubleentry accounting is based on a simple concept: each party in a business transaction will receive something and give something in return. In terms, what is received is a debit and what bookkeeping is given is a credit. The T account is a representation of a scale or balance.” Scale or Balance Receive DEBIT Give CREDIT T account Left Side Receive DEBIT Right Side Give CREDIT Accounting equation ?Assets = Liabilities + Owner’s equity ?Assets Liabilities = Owner’s equity ?Net assets = Owner’s equity Rules of DoubleEntry Accounting transaction affects at least two accounts. These accounts contains at least one account debited and at least one account credited. 2. Total debits must equal total credits. Taccount ?Taccount: a simplest form of an account, used to help illustrate the effect of transaction. Account name Debit (left side) Credit (right side) Rules of debits amp。s Equity C. Taylor, Capital 12/1/07 $ Net ine for December 3,470 Plus: Investments by Owner 30,000 33,470 Less: Owner Withdrawals 200 C. Taylor, Capital, 12/31/07 33,270 $ Statement
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