会计英语(西方会计学)2.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * 13. Searching for and Correcting Errors If the trial balance does not balance, the error(s) must be found and corrected. ?Make sure the trial balance columns are correctly added. ?Make sure account balances are correctly entered from the ledger. ?See if debit or credit accounts are mistakenly placed on the trial balance. ?Re-compute each account balance in the ledger. ?Verify that each journal entry is posted correctly. ?Verify that each original journal entry has equal debits and credits. 14. Using a Trial Balance to Prepare Financial Statements Income Statement Statement of Cash Flows Statement of Owner’s Equity Beginning Balance Sheet Ending Balance Sheet Period of Time Point inTime Point inTime 15. Income Statement STATEMENT OF OWNERS EQUITY C. Taylor, Capital 12/1/09 - $ Net income for December 3,470 Plus: Investments by Owner 30,000 33,470 Less: Owner Withdrawals 200 . C. Taylor, Capital, 12/31/09 33,270 $ Statement of Owners Equity For the Month Ended December 31, 2009 FASTFORWARD Connections Balance Sheet Connections 16. Presentation Issues Dollar signs are not used in journals and ledgers. Dollar signs appear in financial statements and other reports such as trial balances. The usual practice is to put dollar signs beside only the first and last numbers in a column. When amount are entered in the journal, ledger, or trial balance, commas are optional to indicate thousands, millions, and so forth. Commas are always used in financial statements. Companies commonly round amounts in reports to the nearest dollar, or even to a higher level. 17. Debt to Assets Ratio Total Debt Total Assets Evaluates the level of debt risk. A higher ratio indicates that there is a greater probability that a company will not be able to pay it’s debt in the future. Part2: Dialogue 日记账： A: It’s time to get off work. Are you coming with me?