bc cheat sheet - dwmbeancounter.com（公元前备忘单u2014u2014dwmbeancounter.com）.pdf

Page 1 of 6 Bean Counters Accounting and Bookkeeping Cheat Sheet Provided by: Bean Counter Source Documents ( Invoices, Checks, etc.) Journals -Transactions first recorded using Debits and Credits General Ledger -Summarized transactions posted to the General Ledger Accounts using Debits and Credits Abbreviated Accounting Property = Property Rights Equation Expanded Accounting Assets = Liabilities + Owners Equity Equation Balance Sheet Accounts Permanent Accounts Types Of Accounts Asset Accounts = Liability Accounts + Capital Accounts (Mom) Increase/Decrease Increase Decrease Decrease Increase Decrease Increase Columns Account -Left / Left Right Right Side Left Side Right Side Left Side Right Side Side Side Columns Debit / Credit Debit Credit Debit Credit Debit Credit Columns Owners Equity Equation that illustrates the effect of closing the Owners Equity = Beginning Capital + temporary accounts -revenue-expenses-draws to the Profit or - Loss - Owners Draws + Owners permanent Equity Accounts. Investments