会计英语Chapter_3_The_Accounting_Cycle教材教学课件.pptVIP

会计英语Chapter_3_The_Accounting_Cycle教材教学课件.ppt

  1. 1、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。。
  2. 2、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  3. 3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
  4. 4、该文档为VIP文档,如果想要下载,成为VIP会员后,下载免费。
  5. 5、成为VIP后,下载本文档将扣除1次下载权益。下载后,不支持退款、换文档。如有疑问请联系我们
  6. 6、成为VIP后,您将拥有八大权益,权益包括:VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
  7. 7、VIP文档为合作方或网友上传,每下载1次, 网站将根据用户上传文档的质量评分、类型等,对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
Revenues increase owner’s equity, and expenses and withdrawals by the owner decrease owner’s equity. 3.5 Closing the “Temporary” Equity Accounts The owners’ capital account and other balance sheet accounts are called permanent or real accounts, because their balances continue to exist beyond the current accounting period. The process of transferring the balances of the temporary accounts into the owners’ capital account is called closing the accounts. The journal entries made for the purpose of closing the temporary accounts are called closing entries. Revenue accounts have credit balances. Therefore, closing a revenue account means transferring its credit balance to the Income Summary account. This transfer is accomplished by a journal entry debiting the revenue account in an amount equal to its credit balance, with an offsetting credit to the Income Summary account. The debit portion of this closing entry returns the balance of the revenue account to zero; the credit portion transfers the former balance of the revenue account into the Income Summary account. 3.5.1 Closing Entries for Revenue Accounts 出版社 经管分社 会计英语 Chapter 3 The Accounting Cycle 1.Explain what accounting cycle is. 2.Describe the steps in the accounting cycle. 3.Describe a ledger account and a ledger. 4.Post journal entries to ledgers. 5.Explain the purpose of a journal and its relationship to the ledger. 6.Prepare a trial balance. 7.Make adjusting entries and explain the nature of adjusting entries. 8.Prepare adjusted trial balance. 9.State the rules of debit and credit for balance sheet accounts. 10.Explain the double-entry system of accounting.  11.Prepare financial statements. 12.Explain the purposes of closing entries; prepare these entries. 13.Prepare post-closing trial balance. The accounting procedures in the accounting cycle may be summarized as follows:  (1)Analyzing transactions is the

文档评论(0)

yuzongxu123 + 关注
实名认证
文档贡献者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档