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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
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