Lesson 2 Review.ppt

End of Review Lesson 2 Recording transactions 妨庚连筷远仓狈鲜缮扫恍权贷嘛竿哑原班赵颓织膳皇翼屠绰母堰铜彝试鞘Lesson 2 ReviewLesson 2 Review Chapter 2-* Recording Transactions 崎捆民剩碉肃诲妥乳丛制瓣瘁字屯禁炕谗兹回绥塑株硫沼泉递动污贞咬晦Lesson 2 ReviewLesson 2 Review Learning objectives After completing this lesson, you should be able to: Explain the events recorded in accounting systems, and the importance of source documents and business papers in these systems (Level 1) Classify different types of accounts as asset, liability, owner’s capital, owner’s withdrawals, revenue, or expense accounts (Level 1) Record the effects of transactions in accounts, and explain the chart of accounts and ledger. (Level 1) 娩弧熟前糜训棠欣涵食腋戌傣睹眯哇沥蹈娜腑帐融嚣履汹佩阔戏右隅傻庶Lesson 2 ReviewLesson 2 Review Learning objectives (cont’d) Analyze transactions using debits and credits, and record their effects in accounts. (Level 1) Record transactions in a general journal and post entries from the journal to the ledger using the balance column format (Level 1) Prepare a trial balance and explain its usefulness (Level 1) 械线拐扬找股纱职码启住咐辊军潘娩屋兄蛾倒镶萧颐柔棋火赎阻笆晾否纪Lesson 2 ReviewLesson 2 Review Summary of the Accounting Cycle 1. Analyze business transactions 2. Journalize the transactions 6. Prepare an adjusted trial balance 7. Prepare financial statements 8. Journalize and post closing entries 9. Prepare a post-closing trial balance 4. Prepare a trial balance 3. Post to ledger accounts 5. Journalize and post adjusting entries 币数琅纵式椿缚皿贿离掇昌伞棋眷缠靠铱誊槐哇访算轻衷灿列寄眠狡压拣Lesson 2 ReviewLesson 2 Review Source documents Business papers that provide evidence of transactions. Basis for recording the transactions Examples: cheques (or checks), sales slips, invoices*, bank statements, purchase orders, customer billings, employee earnings records, and cash register tapes *Invoices in China = Invoice+Receipts in foreign countries Objective: Explain the events recorded in accounting systems, and the importance of source documents and business papers in these systems (Level 1) 贡郁炉掇慷灿箩践荔戊我皿巴窑霍酵焕葱