会计英语5.ppt

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1、Accounting Englishweek 5Spring 2013Practices:Journalizing and posting 2General JournalSierra issued common stock in exchange for$10,000 cash.Oct.1CashCommon stock10,00010,000Journalizing3General JournalSierra borrowed$5,000 by signing a note.Oct.1CashNotes payable5,0005,000Journalizing4General Journ

2、alSierra purchased office equipment for$5,000.Oct.2Office equipmentCash5,0005,000Journalizing5Purchases office furniture for$1,900,on account.Oct.3General JournalOffice furnitureA/P1,9001,900Journalizing6Sells a house and lot for B.Kidman;bills B.Kidman$3,200 for realty services provided.Oct.6Genera

3、l JournalA/RService revenue3,2003,200Journalizing7Pays$700 on balance related to transaction of Oct.3.Oct.27General JournalA/PCash700700Journalizing8Pays the administrative assistant$2,500 salary for Oct.Oct.30General JournalSalary expenseCash2,5002,500Posting9PostingPosting the process of transferr

4、ing amounts from the journal to the ledger accounts.(post and give me your answers)General LedgerGeneral JournalOct.1Owner investmentJ110,00010,000101J12.4 Preparing a trial balancepp 翻译翻译翻译翻译 pp如果是使用手工系统，会计人员通常在每月月末将如果是使用手工系统，会计人员通常在每月月末将如果是使用手工系统，会计人员通常在每月月末将如果是使用手工系统，会计人员通常在每月月末将日记账过入到总分类账中若使用计算机

5、系统，在日记账过入到总分类账中若使用计算机系统，在日记账过入到总分类账中若使用计算机系统，在日记账过入到总分类账中若使用计算机系统，在记录每笔日记账分录时，过账程序将自动完成记录每笔日记账分录时，过账程序将自动完成记录每笔日记账分录时，过账程序将自动完成记录每笔日记账分录时，过账程序将自动完成ppAccountants usually complete the posting of Accountants usually complete the posting of journal entries to the ledger accounts at the end journal entri

6、es to the ledger accounts at the end of each month if they are using a of each month if they are using a manual systemmanual system.With a With a computerizedcomputerized system,each posting is done system,each posting is done automatically as each journal entry is recorded.automatically as each jou

7、rnal entry is recorded.10The procedure of preparing a trial balance1.Determine the balances of each account in Determine the balances of each account in the ledger.the ledger.2.List each account and place its balance List each account and place its balance beside it.beside it.3.Compute the total of

8、the debit balances.Compute the total of the debit balances.4.Compute the total of the credit balances.Compute the total of the credit balances.5.Verify that the sum of the debit balances Verify that the sum of the debit balances equals the sum of the credit balances.equals the sum of the credit bala

9、nces.11Locating and correcting errors 翻译翻译翻译翻译 如果试算表的借方和贷方不等，则表明存在会计错如果试算表的借方和贷方不等，则表明存在会计错如果试算表的借方和贷方不等，则表明存在会计错如果试算表的借方和贷方不等，则表明存在会计错误在查找错误方面，虽然没有固定的程序，但是误在查找错误方面，虽然没有固定的程序，但是误在查找错误方面，虽然没有固定的程序，但是误在查找错误方面，虽然没有固定的程序，但是我们一般会采用追查法，从试算表开始，到分类账，我们一般会采用追查法，从试算表开始，到分类账，我们一般会采用追查法，从试算表开始，到分类账，我们一般会采用追查法，从

10、试算表开始，到分类账，最后查至日记账最后查至日记账最后查至日记账最后查至日记账A trial balance that A trial balance that does not balance does not balance may reveal may reveal some accounting errors.While there are no rigidsome accounting errors.While there are no rigid rules governing the procedures of error locating,rules governing the

11、 procedures of error locating,the common steps suggested are the common steps suggested are tracingtracing from trial from trial balance to ledger,to journal finally.balance to ledger,to journal finally.122.5 Practices in ChinaThe processing of accounting in China has The processing of accounting in

12、 China has its own its own devicesdevices.There are three types of vouchers used in There are three types of vouchers used in China,which are China,which are receipt voucherreceipt voucher,payment payment voucher and transfer vouchervoucher and transfer voucher.13XXX CompanyReceipt voucherDebit acco

13、unt:dateNo.DescriptionCredit accountamountPR General Ledger accountSubsidiary accountApproved by:Signature:XXX CompanyPayment voucherCredit account:dateNo.Descriptiondebit accountamountPR General Ledger accountSubsidiary accountApproved by:Signature:2.5 Practices in China14XXX CompanyTransfer Vouche

14、rdateNo.DescriptionGeneral LedgeraccountSubsidiary accountDebit AccountCredit AccountPRApproved by:Signature:翻译翻译翻译翻译如果收到现金或银行存款，需要使用收款凭证；由如果收到现金或银行存款，需要使用收款凭证；由如果收到现金或银行存款，需要使用收款凭证；由如果收到现金或银行存款，需要使用收款凭证；由于收款凭证有固定的借方账户，我们只需登录贷方于收款凭证有固定的借方账户，我们只需登录贷方于收款凭证有固定的借方账户，我们只需登录贷方于收款凭证有固定的借方账户，我们只需登录贷方账户的名称和金

15、额账户的名称和金额账户的名称和金额账户的名称和金额The Debt ratio翻译翻译资产负债率用于评价企业不能按期偿还债务资产负债率用于评价企业不能按期偿还债务的风险；的风险；财务杠杆水平可以衡量企业的的财务风险财务杠杆水平可以衡量企业的的财务风险15Self-Test QuestionsTranslate the questions first,and then point Translate the questions first,and then point out the correct option with a clear reason.out the correct optio

16、n with a clear reason.Additional sentences to translateAdditional sentences to translate，一项资产被记入预付费用账户的借方，一项资产被记入预付费用账户的借方，一项资产被记入预付费用账户的借方，一项资产被记入预付费用账户的借方，一项负债被记入预收收入账户的贷方，一项负债被记入预收收入账户的贷方，一项负债被记入预收收入账户的贷方，一项负债被记入预收收入账户的贷方，期初现金余额，期末现金余额，期初现金余额，期末现金余额，期初现金余额，期末现金余额，期初现金余额，期末现金余额，imim签发了一张应付票据用于购买一座

17、建筑签发了一张应付票据用于购买一座建筑签发了一张应付票据用于购买一座建筑签发了一张应付票据用于购买一座建筑，应收账款账户的借方余额为，应收账款账户的借方余额为，应收账款账户的借方余额为，应收账款账户的借方余额为20002000元元元元.，资产账户的增加应该记入其借方，资产账户的增加应该记入其借方，资产账户的增加应该记入其借方，资产账户的增加应该记入其借方1010，在在在在5 5月份，应付账款帐户的借方发生额为月份，应付账款帐户的借方发生额为月份，应付账款帐户的借方发生额为月份，应付账款帐户的借方发生额为30003000元元元元.16A trial balance will not balanc

18、e if()a.a.a correct journal entry is posted twice.a correct journal entry is posted twice.b.b.the purchase of supplies on account is debited to the purchase of supplies on account is debited to Supplies and credited to Cash.Supplies and credited to Cash.c.c.a$100 cash drawing by the owner is debited

19、 to a$100 cash drawing by the owner is debited to Owners Drawing for$1,000 and credited to Owners Drawing for$1,000 and credited to Cash for$100.Cash for$100.d.d.a$450 payment on account is debited to a$450 payment on account is debited to Accounts Payable for$45 and credited to Cash Accounts Payabl

20、e for$45 and credited to Cash for$45.for$45.17CAnswer the following true/false questions:181.An account should be provided for every financial item in the business.2.The process of transferring information from the journal to the ledger is called posting.3.Income accounts are generally listed first

21、in the general ledger.TTF19Accounts that normally have debit balances are:a.assets,expenses,and revenues.b.assets,expenses,and owners capital.c.assets,liabilities,and owners drawings.d.assets,owners drawings,and expenses.Posting:a.normally occurs before journalizing.b.transfers ledger transaction da

22、ta to the journal.c.is an optional step in the recording process.d.transfers journal entries to ledger accounts.Jim Jim BenesBenes is confused about how accounting is confused about how accounting information flows through the accounting system.He information flows through the accounting system.He b

23、elieves the flow of information is as follows.believes the flow of information is as follows.a.a.Debits and credits posted to the ledger.Debits and credits posted to the ledger.b.b.Business transaction occurs.Business transaction occurs.c.c.Information entered in the journal.Information entered in t

24、he journal.d.d.Financial statements are prepared.Financial statements are prepared.e.e.Trial balance is prepared.Trial balance is prepared.Is Jim correct?If not,indicate to Jim the proper Is Jim correct?If not,indicate to Jim the proper flow of the information.flow of the information.20Exercise 2-1Give the right choice with a sound reason.21Exercise 2-222Problem 2-3Translate the descriptions of the accounting errors,and then complete the table.23End of today.Thanks24