Lernzettel Financial
Accounting
1.
Accounting Equation
Assets Liabilities
= +
"quity
Cash Ap Stockholders
Ar Loans Owner's
R
Inventory Wages
PPI Taxes
&3
Investments
Goodwill
2. Debits & Credits
Debit Credit
->
the destination ->
the source
Assets owner's =>
quity
=>
penses Liabilities
Dividends Revenue
1.22.
ssets=Liabilities owner's
A Equity-Dividends+ Revenue Expenses
-
Dividends+Expenses+Assets =
Liabilitiesowner's Equity Revenue
Dealer
Name
Account
I
Dividends Liability Cr
Dr
Expenses Owner's Equity
Cr Dr
Assets Revenue
, Trial Balance
->
reportshowing the balances all
an
accounting closing in
general ledger accounts a
at in
point time
Depreciation/ Amortization
The process of the book of tangible fixed Asset
-> value
reducing a
due to: Use
·
wear & fear
passing of time
·
obsolescence
·
3. Balance Sheef
->
Snapshot of a business's Assets, Liabilities and Equity
a
af
single pointin time.
Accounting
1.
Accounting Equation
Assets Liabilities
= +
"quity
Cash Ap Stockholders
Ar Loans Owner's
R
Inventory Wages
PPI Taxes
&3
Investments
Goodwill
2. Debits & Credits
Debit Credit
->
the destination ->
the source
Assets owner's =>
quity
=>
penses Liabilities
Dividends Revenue
1.22.
ssets=Liabilities owner's
A Equity-Dividends+ Revenue Expenses
-
Dividends+Expenses+Assets =
Liabilitiesowner's Equity Revenue
Dealer
Name
Account
I
Dividends Liability Cr
Dr
Expenses Owner's Equity
Cr Dr
Assets Revenue
, Trial Balance
->
reportshowing the balances all
an
accounting closing in
general ledger accounts a
at in
point time
Depreciation/ Amortization
The process of the book of tangible fixed Asset
-> value
reducing a
due to: Use
·
wear & fear
passing of time
·
obsolescence
·
3. Balance Sheef
->
Snapshot of a business's Assets, Liabilities and Equity
a
af
single pointin time.
