FECT中级考试笔记－－会计.docVIP

FECT中级考试笔记－－会计 趣皮来看看，感觉感觉先~~ 叶海冰凝 发表于 2006-5-17 07:31 CHAPTER 1Assets: things owned by a business which carried a value,they can be considered as economic resources, providing benefits to the business.Liabilities: amount owed by a business to various parties, they can be considered as debts or obligations owned by the business to outside bodies.Posting: recording trasactions and entering accounts are often called “posting”.A trail balance: is therefore defined as a list of balances of ledger accounts worked out periodically to test the calculation accuracy of account.every account in the ledger is labelled (with debit or credit )the items can come in any orderwhen the debit balance agree with the credit balances, it confirm that there has been a debit entry for every credit entry in the posting of the accountit is an interim summary of the information shown by the account,it should carry date. the main difference between trial balance statements and balance sheets is that in the trial balance, all accounts in the ledger are shown as simple balances (debit or credit )whereas in the balance sheet, they are shown not as debit or credit balances but as assets and liabilities respectively.trial balance is unable to detect the following type of errors:1) omission in the recording of the accounting data2) an entry is made into the wrong account of the same group 3) an entry is entered into the wrong group of the account 4) there are mistakes in the book of original entry in amount5) mistake is made on the wrong side in the book of original entry6) mistake is covered up by a same mistakeNominal account: do not represent an asset or a liability. They simply store up information needed to work out a profit or loss for the business at the year end. Nominal account includes: purchases ,sale, rent, wages, lights and other such expenses. The nominal accounts will give us the information needed to calculate the profit or loss periodically. At the end of a