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Double Entry Rules

Double Entry Rules. What are assets,capital,liabilities? Debit or Credit! Exercises Answers http://www.cpa-union.com by Cheng Mei Ying (4A). 下一頁. Assets, liabilities and capital. :

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Double Entry Rules

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  1. Double Entry Rules • What are assets,capital,liabilities? • Debit or Credit! • Exercises • Answers • http://www.cpa-union.com • by Cheng Mei Ying (4A) 下一頁

  2. Assets, liabilities and capital : Assets : Land(土地), Buildings/Premises(房屋), Fixtures and Fittings(裝修與裝置), Furniture(傢俱), Machinery(機器), Office Equipment,(辦公室設備), Motor Van/ Motor Lorry(貨車), Motor Vehicles(機動車輛). 下一頁

  3. Liabilities:Money owing to suppliersMoney owing for expensesLoans received by the firm,etc.(欠別人的錢) Capital:Owner’s equity(老板的產權) 下一頁

  4. Double Entry Rules 下一頁

  5. Exercises: • (a) Bought office machinery on credit from K.Chan Ltd. • (b)The proprietor paid a creditor,M.Fan,from his private monies outside the firm. • (c) A debtor, F.Hang, paid us in cash. • (d)Repaid part of loan from L.Hoi by cheque. • (e)Returned some of office machinery to K.Chan Ltd. • (f)A debtor, W.Kin, paid us by cheque . • (g)Bought a motor van by cash. 下一頁

  6. Answers: 下一頁

  7. PA Internet Addresses (網址) • http://www.cpa-union.com// http://www.cpa-union.com//

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