经济实体.docVIP

Unit One I. Useful Words economic entity 经济实体 physical properties 物质财产 on credit 信用交易 account receivable 应收帐户 prepaid rent 预付租金 insurance coverage 承保范围 setup charges 准备费用 cost principle 成本原则 account payable 应付帐户 owner’s equity 业主权益 II. Key Sentences 1. The accounting structure has five basic parts or classifications: assets, liabilities, owner’s equity or capital, revenue and expense. 会计结构由五部分组成：资产、负债、业主权益或资金、收入和花费。 2. Liabilities represent the debts owed to others known as creditors, and are referred to as “payables”. 负债就是别人欠债权人的债务，通常被看作“应付款”。 3. Owner’s equity, often referred to as capital, represents the portion of the assets that belong to the owner of the business. 业主权益通常被看作资本，代表属于企业主所拥有的那部分财产。 4. Revenues are earned through selling a product or providing a service to someone. 收入是通过出售一件产品或提供一项服务而赚得的。 5. Expenses are outflows or the using up of assets as a result of the major or central operation of a business. 费用是企业主要经营中财产的流出或使用。 III. Situational Dialogue Bill Hobson is asking his banker about the local Clearing House Association in their city. Hobson: What is meant by the term Clearing House Association? Banker: It’s a voluntary association of the banks in the city which settles inter-bank debts. During a business day we accept checks drawn on other banks and other banks accept checks drawn on us. We balance these inter-bank obligations through the clearing house. H: What about the actual checks that you get which are drawn on other banks? B: Of course, we must give these checks to drawee bank to collect the funds they owe us. And they give us checks drawn ourselves to collect the funds we owe them. H: So the clearing house handles all this? B: Yes, they separate all the checks according to drawee bank, add the total each bank owes and deduct that from the balance maintained at the clearing house. And, of course, hey add to the balance the amount each bank is owed. T