财务会计专业英语课件7.pptx

1、chapter 3 balance sheetP51-3.2.3business enterprisessubdivisions of owners equity1.The owner withdraws business assets for personal use.Supplementary exercises for week 8M.Doucet,Capital,September 1-$Add:Investments15,000$Net income2,750 17,750 17,750$Less:Drawings1,300 M.Doucet,Capital September 30

2、16,450$SOFTBYTEStatement of Owners EquityFor the Month Ended September 30,2002Flashy Fashions Pty Ltd is a small company in a coastal town.It rents its premises and its sales are all on credit.It has only three expenses:cost of goods sold,rent,and income tax.At the end of its previous finanical year

3、,30 September 2006,Flashys balance sheet was as follows.practice-Flashy Fashions Pty Ltd During the year ended 30 September 2007,the following information was recorded in the companys accounts:1.revenue from credit sales$10 0002.collections from customers$96003.purchases of inventory for sale$61004.

4、payments to suppliers$63005.cost of goods sold$64006.rent charged by the landlord$24007.rent paid to the landlord$29008.income tax payable for the year$3509.cash dividends declared and paid to the shareholders$450practice-transactions in May1.Credit sales of$xxx.The cost of the goods sold was$xxx.2.

5、Paid accounts payable of$xxx.3.Purchased additional inventory for$xxx.4.Five staff attended a seminar on understanding financial statements.The total bill received was for$xxx.5.Received$xxx for an account receivable.6.Of the goods purchased on 6 May,goods which cost$xxx were returned to the supplie

6、r as they were damaged.7.A local electrician carried out repairs.A cheque for$xxx was paid to the electrician.8.Cash sales of$xxx.cost of goods sold$xxx.9.Purchased land for$xxx cash and obtained a bank loan of$yyy.The bank holds a first mortgage over the land.10.Paid the monthly wages bill of$xxx.11.Purchased equiptment for$xxx cash and agreeing to pay the remainder in two years time.12.Received the electricity bill of$xxx which covered the month of May.It will not be paid for another week.Week 8 Assignment What is the difference between a bookkeeper and an accountant?