Tài liệu Kế Toán - Kiểm Toán

Include all expenditures incurred in acquiring the equipment and preparing it for use. Costs include: purchase price, freight and handling charges, insurance on the equipment while in transit, cost of special foundations if required, assembling and installation costs, and costs of conducting trial runs.

65 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 666 | Lượt tải: 0

The procedure used at the end of each accounting period to make the ledger ready for the next period’s transactions is known as closing the ledger. This procedure begins with a series of closing entries, which are journalized and posted.

25 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 509 | Lượt tải: 0

In most situations, companies price inventory on an item-by-item basis. Tax rules in some countries require that companies use an individual-item basis. Individual-item approach gives the lowest valuation for statement of financial position purposes. Method should be applied consistently from one period to another.

67 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 529 | Lượt tải: 0

1. Describe the functions of accounting. 2. Complete an accounting equation. 3. Prepare a balance sheet. 4. Demonstrate the process of recording business transactions in equation form.

15 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 541 | Lượt tải: 0

If a debit appears in the journal, it will appear as a debit in the ledger. If a credit appears in the journal, it will appear as a credit in the ledger. A running balance appears in the ledger.

20 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 505 | Lượt tải: 0

Purchases of merchandise are debited to Inventory. Freight-in is debited to Inventory. Purchase returns and allowances and purchase discounts are credited to Inventory. Cost of goods sold is debited and Inventory is credited for each sale. Subsidiary records show quantity and cost of each type of inventory on hand.

54 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 575 | Lượt tải: 0

Direct shows major classes of gross cash receipts and cash payments Difference is net cash provided by, used in, operating activities Indirect starts with net income (loss) and adjusts for revenues and expenses that did not cause changes in cash FASB encourages use of the direct method

35 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 512 | Lượt tải: 0

Tasanee was the accounts receivable clerk for a large non-profit foundation that provided performance and exhibition space for the performing and visual arts. Her responsibilities included activities normally assigned to an accounts receivable clerk, such as recording revenues from various sources that included donations, facility rental fees, tick...

77 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 646 | Lượt tải: 1

Chart of accounts Chronological order Compound entry Double-entry accounting General journal Journal Journalizing Opening Entry

24 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 554 | Lượt tải: 0

Angela Bauer was an accounts payable clerk for Aggasiz Construction Company. She prepared and issued checks to vendors and reconciled bank statements. She perpetrated a fraud in this way: She wrote checks for costs that the company had not actually incurred (e.g., fake taxes). A supervisor then approved and signed the checks. Before issuing the che...

84 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 590 | Lượt tải: 0