会计学原理电子教案 Chapter 4 Accounting Cycle (III) Closing Entries amp; Post-closing Trial Balance.pdfVIP

Chapter 4 Closing Entries and Post-Closing Trial Balance 结账以及结账后试算平衡表 The Accounting Cycle The Accounting Cycle Make end-of- Journalize Post entries to Prepare trial year transactions. the ledger balance. adjustments. accounts. Prepare after closing Journalize and Prepare Prepare adjusted trial balance. post closing financial trial balance. entries. statements. Permanent/real accounts vs. temporary/nominal accounts • Permanent accounts or real accounts (永久性账户或实账户） Accounts that remain open all the time until the business is liquidated. • Temporary accounts or nominal accounts (临时性账户或虚账户） Accounts that apply to only one accounting period and that are closed at the end of that accounting period. Permanent/real accounts vs. temporary/nominal accounts Assets = Liabilities + Capital + Revenue – Expenses – Drawing Permanent accounts Temporary accounts Open Closed Closing the Temporary Equity Accounts The closing （结账） process gets the temporary/nominal accounts （临时性/虚账户） ready for the next accounting period. Closing entries (结账分录） • Closing entries journal entries made at the end of a fiscal year to reduce the balances of the temporary accounts to zero. Expense Revenue Dr Cr Dr Cr Bal. 100