会计英语第3章复习.pptVIP

密码：accounting;Chapter 3 Accounting Cycle;Learning Objectives;Key words, phrases and special terms;Key words, phrases and special terms;Steps in the accounting cycle;Steps of The accounting cycle; Understand how double-entry accounting works;The mechanics of double-entry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits and credits. double-entry bookkeeping (or system) single-entry bookkeeping (or system);Debit （Dr.） n. 借,借方,借记 Debit card 借记卡 Debit balance 借方余额 v. 计入借方,借计 Debit an account 计入借方账 Credit （Cr.） n. 贷,贷方,贷记 Credit card 贷记卡 Credit贷方余额 v. 计入贷方,贷计 Credit an account 计入贷方账;Double-Entry Accounting;Accounting equation ;Rules of Double-Entry Accounting ;T-account;Rules of debits credits;Increases and Decreases in the Accounts; Debits;;Recording Phase;What is a journal? It is a record of each business transaction in a chronological order [kr?n?‘l?d??k(?)l，依时间前后排列而记载的]. Steps of journalizing: Identify transaction from source documents. Specify accounts affected. Apply debit/credit rules. Record transaction with description. Verify that total debits equal total credits;Journal classification;Classification of Ledgers;Post from the journal to the ledger;What is posting? Posting is the process that debits and credits are transferred from the journal to the ledger accounts. In the process, each amount in the debit column of the journal is posted by entering it on the debit side of an ledger account, and each amount in the credit column of the journal is posted by entering it on the credit side of an ledger account.;;;;;;End-of-period Adjusting Entries;Why should adjusting entries be made? ;Types of adjusting entries Accrued（?‘krud，应计的） Revenues or Accrued Assets Accrued Expenses or Accrued Liabilities Unearned Revenues or Deferred Revenues Prepaid Expenses;1. Apportioning Recorded Costs摊销已记录的成本;2. Apportioning Recorded Rev