知识用于行动三个基本簿记等式资产负债股东权益借方贷方期初账户余额增加-lecture slides video01.pdfVIP

ThreeFundamentalBookkeepingEquations

Assets=Liabilities+Stockholders’Equity

SumofDebits=SumofCredits

Beginningaccountbalance+Increases-Decreases=Endingaccount

balance

•Theseequationsmustbeinbalanceatalltimes!

•Thebalancesheetequationcanbepthroughtheuseof

“debits”and“credits”

•DefinitionsofDebitandCredit:

–Debit(Dr.)=Left-sideEntry

–Credit(Cr.)=Right-sideEntry

KNOWLEDGEFORACTION

Debit/CreditBookkeeping

Assets=Liabilities+Shareholders’Equity

Assets=Liabilities+Contrib.Capital+RetainedEarnings+Revenues–Expenses

Assets+Expenses=Liabilities+Contrib.Capital+RetainedEarnings+Revenues

Debits=Credits

•RulesofDebitsandCredits:

–Everytransactionmusthaveatleastonedebitandatleastonecredit

–Debitsmustequalcreditsforalltransactions

–Nonegativenumbersareallowed

KNOWLEDGEFORACTION

AccountsandAccountBalances

•NormalBalance

–Thetypeofbalance(debitorcredit)theaccountcarriesundernormal

circumstances

•TAccount

–Arecordofallchangesinanaccountingquantity

–DebitsarelistedontheleftsideoftheT

–CreditsarelistedontherightsideoftheT

•AccountBalance

–Differencweensumofdebitsandsumofcreditsfortheaccount

•ChangeinAccountBalanceEquation:

–BeginningBalance+Increases-Decreases=EndingBalance

KNOWLEDGEFORACTION

NormalBalancesandT-accounts

•Assetpenses

–NormalBalanceisDebit(LeftsideofT)

–IncreasesthroughDebits(Leftentries)

–DecreasesthroughCredits(Rightentries)

–Beginning(Debit)Balance+Debits-Credits=Ending(Debit)Balance

AccountsReceivable(A)

Beg.Balance1,000

NewSales(Increase)10080CashCollect