会计英语unit3Recording_Business_Transactions_Double-Entry_System教材教学课件.pptVIP

Unit 3 Recording Business Transactions: Double-Entry System 1.Recording Business Transactions ①Setup of Account ②T-account 2.Double-Entry System ①The rule of debit and credit ②Activities Ⅰ Recording Business Transactions ①Setup of Account Accounts are the foundation of recording accounting entries and preparing financial statements. The reference number of account is in order to facilitate accounting identification and transaction entry. Balance Sheet 1.Assets 101 Cash 102 Accounts Receivable 103 Notes Receivable 104 Office Supplies 105 Equipment 106 Inventory 107 Prepaid Insurance 108 Land 109 Accumulated Depreciation 110Intangible Assets 2.Liabilities 201 Accounts Payable 202 Notes Payable 203 Salaries Payable 204 Unearned Revenue 3.Owner’s Equity 301 Paid-in Capital 302 Retained Earnings 303 Withdrawals Income Statement 4.Revenue 401 Sales Revenue 402 Interest Revenue 5.Expense 501 Salary Expense 502 Telephone Expense 503 Supplies Expense 504 Advertising Expense 505 Rent Expense 506 Gas Expense 507 Insurance Expense 508 Depreciation Expense Balance Sheet (Chinese) 1.Assets 1001 Cash 1002 Cash in bank 1121 Notes Receivable 1122 Accounts Receivable 1123 Prepaid expenses 1221 Other receivable 1501 Held-to-maturity investment 1521 Investment Property 1601 Fixed assets 1602 Accumulated Depreciation 1701 Intangible Assets 1702 Amortization 1711 Goodwill 2.Liabilities 2001 Short-term Borrowing 2201 Accounts Payable 2202 Notes Payable 2211 Salaries Payable 2231 Interest Payable 2232 Dividend Payable 2401 Deferred Income 2901 Deferred Tax Liability 3.Owner’s Equity 4001 Paid-in Capital 4103 Current Year Profit 4104 Profit Distribution Income Statement (Chinese) 6. Profit and loss 6001 Sales Revenue 6011 Interest Revenue 6111 Investment Income 6301 Non-operating Income 6401 Cost Of Sales 6601 Selling Expense 6602 Administrative Expense 6603 Financial Expense 6711 Non-operating expenditure 6801 Income Tax ② T-account DR