新财务英语教程 课件 Chapter 1 Businesses and Types of Accounting.pptx

Businesses and Types of AccountingChapter 1Topics Covered 1.1What is Accounting? 1.2 Different Types of Businesses 1.3 Different Types of Accounts 1.4 Quick Summary of This Chapter 1. What is Accounting?To record and summarise accounting transactions. Example： A toy company sells 300,000 teddy bears to customers and makes $250,000 profits. 1.2 Different Types of Businesses“Business” means a profit-making organisation. Sole Trader Partnership Limited Liability Company Company Limited by Guarantee 1.2.1 Sole Trader: One person owns the businessInclude small local shops and plumbers. Operate