会计学英文版PPT

Four
Prepare an unadjusted trial balance and explain how it can be used to discover errors.
Using Accounts to Record Transactions
As a result,accounting systems are designed to show the increases and decreases in each accounting equation element as a separate record.This record is called an account.
Each of these major account groups
Assets are resources owned by the business entity.
①Physical items: a cash and supplies, ②Intangibles that have value：patent rights ,coprights ,and trademarks. ③Other assets: prepaid expenses ,bulidings, equipments, and land.
An account,in its simplest form
Has three parts
01
A title which is the name of the accounting equation element recorded in the account.
02 03
A space for recording increases inlyzing Transcation
APPLE, INC.™
How do you organize all of messages? Campnies develop an organized method for processing,recording,and summarizing financial transcations. When Apple sells an iPhone online or at The Apple Store,a customer has many options to pay for it. In order to analyze only the information related to Apple’s cash transcations,the company must record or summarize all these similar sales using a single category or “cash”account.
Chart of Accounts
A group of accounts for a business entity is called a ledger. A list of the accounts in the ledger is called a chart of accounts.
The balance sheet accounts are listed first,in order of assets,liabilities,and owner’s equity. The income statement accounts are then listed in the order of revenues and expense.
Owner’s equity is the owner’s right to the assets of the business after all liabilities have been paid.,and it represented by the balance of the owner’s capital account.
A space for recording decreases in the amount of element.
The T account
The account form the presented blowed is called a T account because it resembles the letter T.
Owner’s equity
Each of these major account groups
revenues
Is describe next
Revenues are increases in owner’s equity as a result of selling services or products to customers.
managers and other users of its
financial statements.The accounts within the chart of
accounts are numbered for use
as references.
Balance Sheet Accounts Income Statement Accounts 1.Assets Cash 4.Revenue
Examples ——wages expense, rent expense, utilities expense, supplies expense, and miscellaneous expense.
Expenses
A chart of accounts should meet the needs of a company’s
Two
Describe and illustrate journalizing transaction using the double-entry accounting system.
Three
Describe and illustrate the journalizing and posting of transactions to accounts.
Title
Left side debit Right side debit
Increases in assets are recorded on the debit(left side)of the account. Decreases in assets are reported on the credit(right side)of the account. The excess of the debits of an asset account over its credits is the balance of the account.
2.Liabilities
Accounts Payable Unearned Rent
3.Owner’s Equity
One’s Capital One’s Drawing
THANKS
For You A Thousand Times Over
Accounts Receivables Supplies Prepaid Insurance Land Office Equipment
Fees Earned
5.Expenses
Wages Expense Rent Expense Utilities Expense Supplies Expense Miscellaneous Expense
This chapter presents more practical and efficient recording methods that most companies use.
One
Describe the characteristics of an account and a chart of accounts.
assets
Is describe next
Liabilities
Liabilities are debts owed to outsiders(creditors).
①Include accounts payable,notes payable,and wages payable. ②Unearned revenues ——cash received before services are deilvered creates a liability to perform the services.
Examples——fees earned, fares earned, commissions revenue, and rent revenue.
Expenses result from using up assets or consuming services in the process of generating revenues.