会计基础双语教程.ppt

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1、Chapter4AdjustingAccountsforFinancialStatements帐项调整QuickReviewFiveAccountClassifications-assets-liabilities-owner’sequity-revenue-expensesReviewContinued….FourMainFinancialStatements-BalanceSheet-IncomeStatement-StatementofOwner’sEquity-StatementofCashFlow

2、sReviewContinued…Anexchangeofeconomicconsiderationbetweentwopartiesthatcausesachangeinassets,liabilities,orowner’sequity.Remember–abusinesstransactionwillALWAYSeffectatleasttwoitemswithintheequation,andassetswillALWAYSbeequaltototalliabilitiesandowner’sequ

3、ity.ASSETS=LIABILITIES+OWNER’SEQUITYTheBusinessTransactionTheAccountingCycleAnalyzeTransactionsJournalizePostPrepareUnadjustedTrialBalanceAdjustPrepareAdjustedTrialBalancePrepareStatementsClosePreparePost-closingtrialbalanceNormalBalanceAnormalbalanceofeac

4、haccountreferstothedebitorcreditsidewhereincreasesarerecorded.Assets–debitLiabilities–creditOwner’sEquity–creditRevenue–creditExpenses–debitOwner’sWithdrawals-debitAssetsIncreasesinassetsaredebitedtotheassetaccount.Decreasesinassetsarecreditedtotheassetacc

5、ount.ASSETSDebitforincreasesCreditfordecreasesLiabilitiesIncreasesinliabilitiesarecreditedtotheliabilityaccount.Decreasesinliabilitiesaredebitedtotheliabilityaccount.LiabilitiesDebitfordecreasesCreditforincreasesOwner’sEquityIncreasesinequityarecreditedtot

6、heequityaccount.Decreasesinequityaredebitedtotheequityaccount.Owner’sEquityDebitfordecreasesCreditforincreasesRevenuesIncreasesinrevenueincreaseowner’sequity.RevenuesDebitfordecreasesCreditforincreasesExpensesExpensescauseowner’sequitytodecrease.ExpenseCre

7、ditfordecreasesDebitforincreasesOwner’sWithdrawalsOwner’swithdrawalsdecreasesowner’sequity.Owner’sWithdrawalsDebitforincreasesCreditfordecreasesTrialBalanceFINLAYINTERIORSTrialBalanceJanuary31,2007DebitCreditCash……………………………………….$8,070AccountsReceivable…………

8、……………-0-PrepaidInsurance…………………………2,400AccountsPayable…………………………2,000Notespayable…………………………….470CarolFinlay,capital……………………...8,000Totals…………………………………….$10,470$10,470LearningObjectivesAccrualBasisAccounting&C