AccountingBasics英语会计基础教学课件.pptVIP

A;Chapter 3: Adjusting the accounts;BEFORE WE START….;Before we start…;Before we start…;Before we start…;This week…;Accrual versus cash basis of accounting;Cash versus accrual basis;Cash versus accrual basis;Why do we need adjusting entries?;Types of adjusting entries ;Types of adjusting entries;Adjusting entries…;An example: Bazinga Inc;*;An example: Bazinga Inc, year end info;(a) Supplies on hand at the end of the period were $8,000 ;(b) The useful life of shop fittings was 5 years and the residual value is $5,000. ;(c) A three year insurance policy was purchased on 1 July 2009. ;(d) The b