Lecture 2 transaction analysis

Lecture 2 transaction analysis - Lecture 2 Transaction...

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Transaction Analysis Lecture 2
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Learning Contents Account is the basic device of accounting Record transactions in the journal Prepare a trial balance
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Learning Objective Learning Objective LO1 Understand the basic device of accounting is account
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P55 The Account 会计科目 P55 Account is a record of each asset, liability, and stockholders’ equity element Basic summary device of accounting Assets Assets Liabilities Liabilities Stockholder s’ Equity Stockholder
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资产类会计科目 Assets Account P55 资产类会计科目 Economic resources that provide future benefit
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资产类会计科目 Assets Account P55 资产类会计科目
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负债类会计科目 Liabilities Accounts P56 负债类会计科目 Creditors’ claim to assets
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股东权益类会计科目 Stockholders’ Equity Accounts P56 股东权益类会计科目 Owners’ claim to assets
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会计科目表 Chart of Accounts P80 会计科目表 Organization use a Chart of Accounts to list all their accounts and account numbers. 企业组织利用 会计科目表 列示所使用的会 计科目及其编码
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会计科目表 Example of Chart of Accounts P80 会计科目表 Balance Sheet Accounts Assets Liabilities Stockholders’ Equity 101 Cash 201 Accts. Payable 301 Common Stock 111 Accts. Receivable 231 Notes Payable 311 Dividends 141 Office Supplies 312 Retained Earnings 151 Office Furniture 191 Land Income Statement Accounts (Part of Stockholders’ Equity) Revenues Expenses 401 Service Revenue 501 Rent Expense 502 Salary Expense 503 Utilities Expense
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1. Accounts receivable and prepaid expenses are examples of: 1. Accounts receivable and prepaid expenses are examples of: A. assets. B. liabilities. C. owner’s equity. D. revenues.
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1. Accounts receivable and prepaid expenses are examples of: 1. Accounts receivable and prepaid expenses are examples of: A. assets. B. liabilities. C. owner’s equity. D. revenues.
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2. If an account title contains the a(n): 2. If an account title contains the word “payable”, it is most likely a(n): A. asset. B. liability. C. retained earnings. D. expense.
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2. If an account title contains the a(n): 2. If an account title contains the word “payable”, it is most likely a(n): A.
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  • Three '14
  • Balance Sheet, Double-entry bookkeeping system, Genie, journal entry analysis, accounting equation analysis

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