会计学原理英文ppt课件Chapter_03ADJUSTING ACCOUNTS AND PREPARING FINANCIAL STATEMENTS教学幻灯片.pptVIP

ADJUSTING ACCOUNTS AND PREPARING FINANCIAL STATEMENTS;ACCRUAL BASIS VS. CASH BASIS;ACCRUAL BASIS VS. CASH BASIS;We have delivered the product to our customer, so I think we should record the revenue earned.;RECOGNIZING REVENUES EXPENSES; An adjusting entry is recorded to bring an asset or liability account balance to its proper amount.;Here is the check for my 24-monthinsurance policy.;PREPAID INSURANCE;SUPPLIES;OTHER PREPAID EXPENSES;Straight-Line Depreciation Expense;DEPRECIATION;Accumulated depreciation is a contra asset account.;;Equipment is shown net of accumulated depreciation.;UNEARN