Useful and concise summary for all key points in Financial Accounting

Accounting
Liabilities t
Asset SH
Equity
=




common share

retained earning

Asset

Deferral :
prepaid expense DR prepaid × X



suppy CR Cash

。
DR xx
expense
Ca prepaid expense

Unearned Revenue DR Cash IAIR
liabilitiy
CR unearned Revenue

DR unearned
revenu


CR XX Revenue




Depreciation : DR depreciation
expense
CR Accumulated Depreciation
Balance sheet : PPE :




××

Less : Accumulated Depreciation .




tccurals : Accured expense : DR salary
expense
CR
salary payable

, DRsalangexpenseDRsalangpayable.cn

cashAc uredRwenue-DRAIRCRXXRevenwec.ws
ingAccountiRevenue.eu/pense.dividendsDRXxRevenueCR
RetainedEamingDR etainedEamingCRX Epnse.BR
Re ainedEamingCRDivdendsiNetiworkingcapital.tn
TotalcurreRatio-anntAssetscmentliabiliweshgherbe.tn
ntAssets-Elalcurrentciabilitiescurren.tn
isastrongcunentRatiODebtRat.io
15




LiabilitieslttalAsse.es
=
T.at
lowerbette.ir

, summaryofReconcilingIt.ms
!
BookBalanceAddideposit.in
Bank Balance



transitiAddibankcollectims.interestirevenue.TT
receiptssubtractioutstandingchequesiisubtract.se
rvicescharge.Addorsubtract.errorsfNSFcheques.TT
payment.si/td orSubtract:er orsBal nceshe tac ount
receivable
XXLes.si/tllowancefBD
$


XXAIP.net
$




XXEstimationiDRBadDebt penseCRAl.lu ancefor BD