会计专业英语 工业和信息化高职高专“十二五”规划教材立项项目 作者 孙晓媛 4.pptVIP

Accounting English Accounting English Steps in the accounting cycle Lesson four The Journals and The Ledgers Lesson four The Journals and The Ledgers Words and Phrases Cash sale: receipt of $80 Payment from credit customer Hay $400 less discount allowed $20 Payment from credit customer Been $720 Payment from credit customer Seed $150 less discount allowed $10 Cheque received for cash to provide a short-term loan from Len Dinger $1,800 Second cash sale: receipt of $150 Cash received for sale of machine $200 (h) Payment to supplier Kew $120 (i) Payment to supplier Hare $310 Payment of telephone bill $410 Payment to gas bill $280 $100 in cash withdrawn from bank for petty cash Payment for $1,500 to Hess for new plant and machinery 4.1 Journal In accounting system, the information about each business transaction is initially recorded in an accounting book called Journal. 4.2 Types of Journal On functional basis, there are two types of accounting journal: general journal and special journal. The general journal is a relatively simple record in which any type of business transactions can be recorded. In contrast to the general journal, a special journal is designed to record a specific type of frequently occurring business transaction. 4.2.1 General Journals The simplest type of journal is called general journal. It has only two amount columns, one for debits and the other for credits; it may be used for all the types of transaction. 4.2.2 Special Journal Most firms use, in addition to a general journal, at least the following special journals: p23 Questions What are the five categories of ledger accounts? Describe the rules of debit and credit applied to each of the five categories of ledger accounts What is a control account? What is a subsidiary ledger? Lesson Four—Ledger Account Lesson Four —Ledger Account Lesson Four —Ledger Account Lesson Four —Ledger Account Lesson Four —Ledger Account Lesson Four —Ledger Account Lesson Four —Ledger Account Lesson Fo