We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byKenny Ludwick
Modified about 1 year ago
Double entry system 複式會計
Double entry system Enter Transaction( 交易 ) twice( 兩次 ) in two accounts Debit = Credit Debit (Dr.) Credit (Cr.)
Accounts 帳戶 Account Name Dr.(Debit) Cr.(Credit) Date Details Amount Date Details Amount
Accounting equation ( 會計等式） Asset = Capital + Liabilities
Double entry system Assets + – Liabilities – + Capital – +
Double entry system Assets Buy a motor van $1,000 by cash. Motor van (A) +, Cash (A) - Motor van Cash $1,000 $1,000
Double entry system Assets Buy a equipment $2,000 by cheque. Equipment (A) +, Bank (A) - Equipment Bank $2,000 $2,000
Double entry system Liabilities Borrowed $3,000 cash from Mr. Wong. Cash (A) +, Mr. Wong (L) + Cash(A) Mr.Wong(L) $2,000 $2,000
Double entry system Capital Owner introduced $1,000 by cash. Capital (C) +, Cash (A) +, Capital Cash $1,000 $1,000
Accounting equation Asset = Capital + Liabilities Assets + – Liabilities – + Capital – +
Double entry system Stock Assets + – Purchases ( 購貨 ) : Buy goods Sales ( 銷貨 ) : Sell goods Return inwards ( 銷貨退回 ) : Return goods from Customers Return outwards ( 購貨退出 ) : Return goods to Suppliers
Debtor = Customers 顧客 Sold goods on credit Creditor = Supplier 供應商 Buy goods on credit
Double entry system Assets : Stock (Purchase) Buy goods $2,000 by cheque. Purchase (A) +, Bank (A) - Purchase Bank $2,000 $2,000
Double entry system Assets : Stock (Sales) Sell goods $3,000 by cheque. Bank (A) +, Sales (A) - Bank Sales $2,000 $2,000
Double entry system Assets : Purchase on credit Buy goods $1,000 on credit from Mr.A. Purchase (A) +, Mr. A (L) + (Creditor) Purchase Mr.A (L) $2,000 $2,000
Double entry system Assets : Sales on credit Sell goods $2,000 on credit to Mr. B. Mr.B Debtor (A) +, Sales (A) - Mr.B Sales $2,000 $2,000
Double entry system Assets : Returned goods $1,000 to Mr.A Return outwards （購貨退出） Mr.A (Creditor) Mr.A (L) -, Return outwards (A) - Mr.A Return outwards $1,000 $1,000
Double entry system Assets : Returned goods $2,000 from Mr.B Return Inwards （銷貨退回） Mr.B (Debtor) Mr.B (A) -, Return inwards (A) + Return inwards Mr. B $1,000 $1,000
Conclusion Purchase Sales $100$1,000 Return inwards Return outwards $50 $60
Starter Debit or Credit?. Account to be debited Account to be credited Bought a computer on credit from C.Ure Ltd The proprietor (owner) paid a creditor,
Secondary : Four Topic : Accounting Equation & Balance Sheet by : Miss Law Wai Chun.
Chapter 7 Accounting Information Systems Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
Discounts in the UK A brief description of terms.
Chapter 7 The Merchandising Company. Merchandising Sell goods (products) Net Income: Revenue – Cost of Goods Sold = Gross Profit Gross Profit – Expenses.
Accounts with Inventory Multiple Godown. Multiple Currencies Reconciliation Voucher Class. Budget and Controls Price List Export and Import of Data Batch.
1 Accounts Questions Introduction to Business Accounting Week 4.
00 Basic Accounting II (BAII) Level 2 Certificate in Accounting AAT.
PPT slides t/a Computer Accounting using MYOB Business Software 8e by Neish and Kahwati Chapter 1: Introduction to MYOB Accounting Plus1-1 Chapter 1: Introduction.
Introduction to Accounting 120 Chapter 4 Mark U4A2, Balancing T-Accounts Tuesday, April 13, 2o10.
Chapter 6 The Journal and Source Documents. The Journal The Journal is the book where all transactions are first entered The Journal is arrange in date.
ACCOUNTING REVIEW ACCOUNTING JEOPARDY DOCSEDA Debit/CreditAdjustments Income Statement Balance SheetStatement of Equity
Double-Entry Accounting When a business receives something of value, it must give up something of value in return.
Returns of Stock Chapter 13. Two Types There are basically two types of returns: purchase returns and sales returns. A purchase return occurs when stock.
Unit # 3 – Recording Transactions in T-Accounts. We will now learn that when dealing with balances in All Accounts, you will need to know: Debit means.
Chapter 8 BBI1O1. Opening Activity What do you OWN? What do you OWE? What I OWN – What I OWE = Personal Net Worth.
1 Accounting I Double Entry Bookkeeping. 2 Dr. Clive Vlieland-Boddy FCA FCCA MBA Barcelona 2009.
Business papers that show the nature of a transaction and provide all the information necessary to account for the transaction properly.
Revenues & Expenses Other Terms Review Potpourri $100100$100100$ $200200$200200$ $300300$300300$ $400400$400400$ $ Dr/Cr.
© Mark E. Damon - All Rights Reserved Directions: Scroll through the presentation and enter the answers (which are really the questions) and the questions.
© The McGraw-Hill Companies, Inc., 2005 McGraw-Hill/Irwin Analyzing and Recording Transactions Chapter 2 2.
Accounting 11. Why study Accounting? K4j5Q Top 10 Reasons why … YJf38.
McGraw-Hill/IrwinCopyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 The Balance Sheet PowerPoint Authors: Brandy Mackintosh.
Home. Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting Copyright © by The McGraw-Hill Companies, Inc. All rights.
Transfer of Funds Auxiliary Voucher.
Working Capital Control What is it? –Essentially net current assets (but strictly speaking should exclude cash) Why is it important? –Cash tied up in day-to-day.
FINANCE HIGHER BUSINESS MANAGEMENT UNIT 3. IMPORTANCE OF FINANCE Ensures that there are enough funds available to get the resources needed to meet objectives.
Open a sundry creditor account (separate to trade creditor) Disposal of Non current Asset.
The Mechanics of Accounting The Mechanics of Accounting C H A P T E R 3.
BSc Financial Economics International Finance Professor Anne Sibert.
© 2016 SlidePlayer.com Inc. All rights reserved.