(BASIS ACCOUNTING )
(ACCOUNTING) (BOOKKEEPER)
(ACCOUNTANT)
ACCRUAL BASIS)
GOING CONCERN)
(ASSETS)
CURRENT ASSETS)
NON – CURRENT ASSETS)
FIXEDASSETS)
INTANGIBLE
ASSETS)
LIABILITY)
CURRENTLIABILITIES)
NONCURRENT LIABILITIES)
OWNER’S EQUITY)
–
(ACCOUNTING EQUATION)
ASSETS = LIABILITY + OWNER’S EQUITY
A = L + OE
BALANCE SHEET)
ACCOUNTING FORM)
T
REPORT FORM)
SINGLE PROPRIETORSHIP)
PARTNERSHIP)
(COMPANY LIMITED OR CORPORATION)
(SHAREHOLDERS)
(DIVIDENDS)
(PRIVATE COMPANY LIMITED)
(PUBLIC COMPANY LIMITED)
(BUSINESS TRANSACTION)
(BUSINESS TRANSACTION ANALYSIS)
DOUBLE – ENTRY
(BOOK OF ORIGINAL ENTRY) (JOURNAL)
(TYPES OF BOOKS OF ORIGINAL ENTRY)
(SPECIAL JOURNAL)
(CASH RECEIVED JOURNAL)
(CASH PAYMENT JOURNAL)
( PURCHASES JOURNAL )
(SALES JOURNAL)
(PURCHASES RETURNS AND ALLOWANCE JOURNAL)
(SALES RETURNS AND ALLOWANCE JOURNAL)
(GENERAL JOURNAL)
(CHART OF ACCOUNTS)
(SINGLE-ENTRY BOOK-KEEPING)
(DOUBLE-ENTRY BOOK - KEEPING)
OPENING ENTRY)
JOURNAL ENTRY)
[LEDGER)
1 [GENERAL LEDGER)
[INCOME) [EXPENSE)
2 (SUBSIDIARY LEDGER)
(CONTROLLING ACCOUNTS)
1 DEBIT) T
2. CREDIT)
POSTING)
(COMPOUND ENTRIES)
(POSTING REFERENCE)”
(TRIAL BALANCE)
(PENCIL FOOTING)
(TWO COLUMN CASH BOOK)
2
(WORK SHEET OR WORKING PAPERS)
( BALANCE SHEET )
(INCOME STATEMENT )
(STATEMENT OF CHANGES IN OWNER EQUITY )
( CASH FLOW STATEMENT )
( NOTE TO FINANCIAL STATEMENT )
(ADJUSTING ENTRIES)
(ACCRUED EXPENSE) [DEPRECIATION)
[SUPPLIES EXPENSE)
(PREPAID EXPENSES)
[DOUBTFUL ACCOUNT)
(ACCRUED REVENUES) . [EXPENSE ALLOCATIO]
(DEFERRED REVENUES) .
. (ACCRUED EXPENSE) XXX
XXX XXX
XXX
. (PREPAID EXPENSES)
XXX
XXX
ACCRUED REVENUES) XXX
XXX
XXX
XXX
DEFERRED REVENUES)
XXX
XXX
DEPRECIATION)
XXX
XXX
SUPPLIES EXPENSE)
XXX
XXX
. (DOUBTFUL ACCOUNT) (ALLOWANCE
OF DOUBTFUL ACCOUNT)
ALLOWANCE OF DOUBTFUL ACCOUNT)
XXX
XXX
EXPENSE ALLOCATION)
XXX
XXX
XXX
(CLOSING ENTRIES)
Ü