英文版财务会计第三章

dcorrectthem.7.?parefinancialstatementsfromdifferentperiods.ObjectivesObjective1:ount1)Accountsareusedtorecordbusinesstransactions.2)ountissimplyarecordofalltheincreasesanddecreasesinafinancialstatementitem(suchascash,supplies,ountspayable).3)ountsiscalledaledger.Eachfinancialstatementitem,ount,isincludedintheledger.ountsforabusinessentityiscalledaledger.ounts.1)Onlyaverysmallenterprisewithveryfewtransactions(Barrunbystudents)ountingsystemillustratedinChapter1.Example:shopofschool2)Formostbusinesses,thissystemwouldbeinefficient.Forexample,inthepriorchapterallbusinesstransactionsaffectingowner’ount.Chapter2:ounts:capital,drawing,revenue,ounts.Underthetext’sindexingsystem,accountsareassignedatwo-digitnumber.ount’sclassification(1=assets,2=liabilities,3=owner’sequity,4=revenue,and5=expenses.)