Comment les Transactions affectent les États des résultats et des bilans
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Comment les Transactions affectent les États des résultats et des bilans

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  • Notes d'étude
  • Révisions du sujet
    Yahaya A.
    GH
    Yahaya A.

    One of the Principles of gaab is the Matching Principle. Matching requires that when you post sales into the system for an accounting period (month), you must also post the costs of the products or services you sold during that period in the same accounting period (month). The Matching Principle essential to Financial Statements, particularly the Income Statement, because it makes them meaningful.

    Yahaya A.
    GH
    Yahaya A.

    It is now apparent that transactions and events can be expressed in "debit/credit" terminology. In essence, accountants have their own unique shorthand to portray the financial statement consequence for every recordable event. This means that as transactions occur, it is necessary to perform an analysis to determine (a) what accounts are impacted and (b) how they are impacted (increased or decreased). Then, debits and credits are applied to the accounts, utilizing the rules set forth in the preceding paragraphs.

    Adolphe N.
    CM
    Adolphe N.

    1 Transaction affecting only the balance sheet 2Transactions affecting income statement and /or balance sheet 3Exhibit 2 4Exhibit 3 DExhibit 4

    Nora S.
    US
    Nora S.

    Although the balance sheet was first implemented just a couple of centuries ago, it has quckly developed and sophisticated to become nowadays a widely used and powerful tool in the hands of professional users, well known and popular even among the mass public

    Rose R.
    PG
    Rose R.

    The income statement is the financial statement that reports a company's revenues and expenses and the resulting net income and the balance sheet is also known as the statement of financial position and it reflects the accounting equation.

    Zachary B.
    US
    Zachary B.

    How do transactions affect income statements and balance sheets?

    Marea G.
    BW
    Marea G.

    how does transections affect income statements?

    John C.
    NG
    John C.

    A company's balance sheet is a snapshotof the company's financial standpoint at a given point in time. While nearly all business activities end up reflected in the balance sheet at some point, transactions that involve assets, liabilitiesand equity affect the balance sheet immediately. By understanding accounting transactions that affect the balance sheet, you can make sure that you consider the accounting ramifications of your business decisions before you complete the proposed transactions.Purchases and Sales of AssetsThe purchase of assets for cash affects the balance sheet by reducing the cash account and increasing the fixed-assets account. While both of these accounts are listed in the asset portion of the balance sheet, cash is part of the current assets section and fixed assets are part of the long-term assets section. The sale of an asset for cash is accounted for similarly, but is a bit more complicated. When the asset is sold, both the asset's book value and any accumulated depreciation are removed from the booksat the same time that the cash account is increased by the sales price. If the sales price does not equal the book value,the difference is accounted for as a gain or loss on the sale of equipment. This gain or loss is recorded on the income statement.Purchases on CreditWhen a company purchases supplies or inventory on credit, the business will debitthe asset account (supplies or inventory) and credit the accounts-payable account.Almost always, accounts payable are considered to be current liabilities and areshown at the top of the liabilities section of the balance sheet. Accrued liabilities, which are other current liabilities not classified as accounts payable, such as accrued vacation liabilities and the short-term portion of loan payments, are usually listed immediately after the accounts payable account in the current section of the company's liabilities.

    Ritchelle T.
    PH
    Ritchelle T.

    Through financial accounting process

    Angelica R.
    US
    Angelica R.

    According income make sales and balance sheets make assist fix assists.

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