中外比较会计c5.pptVIP

Vocabulary accounts receivable 应收账款 maturity date 到期日 open accounts 未结清账户 promissory note 本票 collateral 抵押 sale on account 赊销 allowance for uncollectible accounts 坏账备抵 face value(par value)面值 principal 本金 credit card 信用卡 honor 承兑 1.Types of receivables (P223/131) accounts receivable notes receivable other receivables. Accounts Receivable Prenumbered sales invoices. Separation of the sales duties from the cash collection responsibilities. Separation of the bookkeeping duties from the cash collection responsibilities. Bank lockbox Accounting for Uncollectible Accounts (bad debts) P226/133 1.The direct write-off method （直接冲销法）(P230/137) Dr. Doubtful/Uncollectible accounts expense Cr. A/R Defectives of direct write-off method (1)Assets are overstated on the B/S. (2)Not match the uncollectible-account expense to the revenue. 2.The Allowance Method备抵法 (P226/133) Methods of Estimating Uncollectibles (P227/134) Percent-of-sales method：the income statement approach Aging of accounts, balance sheet approach Aging of Accounts methods账龄法 Writing Off Uncollectibles Combining Percentage-of-Sales and Aging of Accounts method (P229/136) Interim statements (中报) (monthly or quarterly) -- Percentage-of-Sales Annual reports -- Aging of Accounts method Notes Receivable (P231/138) Accounting for notes receivable(P232/139) 2007 Aug. 31 Notes Receivable 1,000 Cash 1,000 Dec. 31 Interest Receivable ($1,000×0.09×4/12) 30 Interest Revenue 30 2008 Feb. 28 Cash 1045 Notes Receivable 1,000 Interest Receivable 30 Interest Revenue 15 Interest included in the face of note Miami,Florida November.1. 2007 Six months after this date Clinton Promises to pay Arthur the sum of $10600 Due may.1 2008