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ID:57646711
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页数:16页
时间:2020-08-30
《会计英语新第三单元.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、UnitThreeAccountingEquationObjectives:1Statetheaccountingequationanddefineeachelementofequation.2Graspthepreparationoftheaccountingentryfortransactions.3Explainhowbusinesstransactionscanbestatedintermsofchangesintheelementsoftheaccountingequation.一Accountingequation:Assets=Liabilities+Owner’sEqui
2、tyAssets_____resourcesownedbybusiness.Liabilities_____debtsowedtooutsiders(creditors).(first)Owner’sEquity_____ownersrighttotheassetsofthebusiness.(residual)二BusinesstransactionsBusinesstransactions-------sucheconomiceventsdirectlychangesanentity’sfinancialconditionordirectlyaffectsitsresultsofop
3、erations.Result:Allbusinesstransactionscanbestatedintermsofchangesintheelementsoftheaccountingequation.Examples:AssumethatonJan30,2010,WhitebeginsabusinessthatwillbeknownasA.1OnNov.1,Whitedeposit$25000inabankaccountinthenameofA.Dr.cash$25000Cr.White,capital$250002OnNov.5,Exchange$20000cashforland
4、.Dr.Land$20000Cr.Cash$200003OnNov.7,IfAhadpurchasedavanfor$28000,paying$8000cashandsigningaloanagreementfor$20000.Dr.Van$28000Cr.Cash$8000Notespayable$200004OnNov.10,Duringthemonth,Abuyingsuppliesof$1350andagreeingtopaythesupplierinthenearfuture.Dr.Supplies$1350Cr.Accountspayable$1350(purchaseona
5、ccount)5OnNov.10,Aprovidedservicestocustomers,earningfeesof$7500andreceivingtheamountincash.Dr.Cash$7500Cr.Feesearned$7500(Revenue--------abusinessearnsmoneybysellinggoodsorservicestoitscustomers.sales:saleofmerchandisefeesearned:provideservicerentrevenue:moneyreceivedforrentinterestrevenue:money
6、receivedforinterest)6OnNov.30,ForAtheexpensepaidduringthemonthwereasfollows:wages$2125;rent$800;utilities$450;miscellaneous$275.miscellaneousincludesmallamountsforsuchitemsaspostage,coffee,magazinessubscriptions.Dr.Wagesexpense$2125Rentexpense$800Utilitiesexpense$450Misc.expense$275Cr.Cash$3650(e
7、xpense--------theusingupofassetsorconsumingservicesintheprocessofgeneratingrevenues.)7OnNov.30,AssumethatApays$950tocreditorsduringthemonth.Dr.Accountspayable$950Cr.Cash$9508Attheendofthemonth,thecostofthesuppliesonhan
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