会计专业外语.pptVIP

The entry to record this increase in the amount due from clients and the additional revenue earned is as follows: Adjusting entry: Fees Receivable 8050 Fees Earned 8050 The accrued fees of ＄ 8050 recorded in Fees Receivable will appear in the balance sheet of Dec.31 as a current asset. The credit balance of ＄ 58550 in Fees Earned will appear in the income statement for the year ended Dec.31. In the following year ,the services for the client ,for which the accrued fees of ＄8050 were recoded at the end of the year , will be completed and the client billed. Part of the fee collected will cause a reduction in fees receivable and the remainder will represent revenue for the new year. After the accounts are closed, a reversing entry is made in order to avoid the inconvenience of analyzing each receipt of fees in the new year. Reversing entry: Fees Earned 8050 Fees Receivable 8050 The accrual of fees on Dec.31, ＄8050,appear as a debit in Fees Earned .At the time the client is billed in the following year, the entire amount of the billing will be credited to fees earned . The credit will in part represent a reduction in the receivable and in part a revenue of the following period. Important words and special terms Accrued liabilities 应计负债 Accrued assets 应计资产 Salary expense 工薪费用 Treatment 处理 Accrued payable 应计应付账款 Dual nature 双重性 Fees earned 已赚取费用 Client 顾客 Fees receivable 应收费用 Numerous 为数众多的 Accrued receivable 应计应收账款 matching (1)Accrued revenues A. a type of expense that has been occurred but has not been paid. (2) Accrued expense B. The total title of many accrued liabilities items. (3) Accrued receivables C. the total title of many accrued items. (4) Accrued payables D. the total name that expense have not been paid and revenue have not been received. (5) Accrued E. a type of revenue