会计英语新第三单元.pptVIP

Unit Three Accounting Equation Objectives: 1 State the accounting equation and define each element of equation. 2 Grasp the preparation of the accounting entry for transactions. 3 Explain how business transactions can be stated in terms of changes in the elements of the accounting equation. 一 Accounting equation: Assets = Liabilities + Owner’s Equity Assets _____ resources owned by business. Liabilities _____ debts owed to outsiders (creditors). (first) Owner’s Equity _____ owners right to the assets of the business. (residual) 二 Business transactions Business transactions ------- such