《会计学》chapter45.pptVIP

Closing Entries for Revenue Accounts Since expense accounts have a debit balance, the closing entry requires a credit to the expense accounts. Closing Entries for Expense Accounts Closing Entries for Expense Accounts Net Income The liability is extinguished when the debt is paid.债务偿还时负债即消失 Accruing Unpaid Expenses 工资费用 应付工资 Prior Periods Current Period Future Periods Transaction Receivable will be collected. 收回应收款 End of Current Period Adjusting Entry Recognize revenue earned but not yet recorded, and 确认收入实现但尚未收到 Record receivable. 记录应收款 Accruing Uncollected Revenue Examples Include: Int