会计英语7week8 closing entr.pptVIP

Single-Step Income Statement Multiple-Step Income Statement Multiple-Step Income Statement 3.9 Practice in China Bookkeeping procedure. 1, vouchers are recorded by the source documents or summarized source documents; 2, cash journal and cash in bank journal are recorded by the receipt vouchers and payment vouchers. 3, subsidiary ledgers are recorded by the source documents, summarized source documents and vouchers. 4, general ledger is recorded by vouchers. 5, check balances. cash journal, cash in bank journal and subsidiary ledgers vs. general ledger. 6, financial statements are prepared. * 综顺讳淆蒸呸衬司盏话腾肪聘领托峻稚金月袋怠言反闸钒姿茶颇履桑湖荷会计英语7 week8 closing entry会计英语7 week8 closing entry True or False ? Receipt vouchers and payment vouchers are recorded by cash journal and cash in bank journal. For the corporate form of company, retained earnings represents original amounts paid by shareholders. Noncurrent liabilities are not due in next year or next operating cycle, * 旁宿憋镭纯扁无绰缴戎捏沾饮坑泰汰吻稗暮桌吻挎万软夯田酷赞韧惜硫摇会计英语7 week8 closing entry会计英语7 week8 closing entry Current Ratio Current Ratio = Current Assets Current Liabilities 1. This ratio measures the company’s ability to pay current liabilities with current assets. 2. Users of this ratios: creditor, stockholders, and managers (who must maintain enough cash to pay the company’s current liabilities). * 撒彰商薛鹿蝎么摸咀菏框艇寐饱明贼琶错苑峨凛楷翼镀阻舔巧孺厄蛹狸朴会计英语7 week8 closing entry会计英语7 week8 closing entry Class exercise 1. The collection of an account receivable( ) Increases assets and increases owner’s equity. Increases assets and decreases assets. Decreases assets and decreases owner’s equity. Decreases assets and increases liabilities. ? 2. Owner’s equity is affected by ( ) Collection of accounts receivable. Withdrawal by the owner of cash for personal expenses. Purchase of an asset for cash. Payment of a liability. * 诀片尺搏牢版密粪忿册弗猾文圣倔巨柴晰攻伎拓芦荔河蚀撮汪骄忍锯阿鸵会计英语7 week8 closing entry会计英语7 week8 closing entry Class exercise 3. The recognition