考试首页 | 考试用书 | 培训课程 | 模拟考场 | 考试论坛  
  当前位置:考试网 >> ACCA/CAT >> 备考指导 >> 文章内容
  

ACCA考试《F3财务会计》辅导资料7

考试网  [ 2016年3月30日 ] 【

Session 3 Double entry bookkeeping

☆The duality concept and double entry bookkeeping

Duality concept: each and every transaction has a double effect on the business and the accounting equations.(A= C + L)

Rules of double entry bookkeeping:

● Each time a transaction is recorded, both effects must be taken into account.

● These two effects are equal and opposite such that the accounting equation will always prove correct.

Assets – Liabilities = Capital

● Traditionally, one effect is referred to as the debit side ( Dr.) and the other as the credit side of the entry (Cr.)

☆Ledger accounts, debits and credits

Ledger account:

● transactions are recorded in the relevant ledger accounts. There is a ledger

account for each asset, liability, revenue and expenses’ item, and for the owner’s capital.

● Each account has two sides: the debit and credit sides.

● The duality concept means that each transaction will affect two ledger accounts

● One account will be debited and the other credited

● Whether an entry is to debit or credit side of an account depend on the types of account and the transaction.

本文纠错】【告诉好友】【打印此文】【返回顶部
将考试网添加到收藏夹 | 每次上网自动访问考试网 | 复制本页地址,传给QQ/MSN上的好友 | 申请链接 | 意见留言 TOP
关于本站  网站声明  广告服务  联系方式  站内导航  考试论坛
Copyright © 2006-2019 考试网(Examw.com) All Rights Reserved  营业执照