Debit和credit的区别为：指代不同、用法不同、侧重点不同。一、指代不同 1、Debit：借方。2、credit：赊欠。二、用法不同 1、Debit：表示资产的增加和负债及所有者权益的减少，负债及所有者权益的减少记在其有关账户的借方。2、credit：credit用作名词的基本意思是指先买东西后付账，即“赊购，赊欠”...
Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) to improve and unify their treatment of insurance contracts. Topics noted include existing FASB and IASB guidance on contracts, harmonization goals of the two boards, and implications of what they hope ...
Prepaid insurance Identifying source documents c. Trial balance f. Company revenue account i. Bank statement C2 QS 2-2 Identify the financial statement(s) where each of the following items appears. Use I for income state- Identifying financial ment, E for statement of owner’s equity, and B...
accountingenglish2 (3)Reviewofchapter4(I)Thefinancialstatementsthataredatedforatimeperiod(ratherthanaspecifictime)arethe()a.Balancesheetandincomestatementb.Balancesheetandstatementofchangesinowner'sequityc.Incomestatementandstatementofchangesinowner'sequityd.Allfinancialstatementsaredatedforatimeperiod.会计学院...
It can be a single company; can also be a group company or an affiliated enterprise which is organized by the holding relationship. 1.2.2 Going-concern The going-concern assumption means the business activities of an accounting entity will continue indefinitely, and will not disappear for ...
An asset created by prepayment of an insurance premium is: Recorded as a credit to Prepaid Insurance. Recorded as a credit to Unearned Revenue. Recorded as a debit to Prepaid Insurance. Recorded as a debit to Unearned Revenue. If cash is received from customers in payment for products or ser...
Which one of the following is a variable cost for an insurance company? A) rent of the buildingB) CEO's salary C) electricity expensesD) property taxes A Which of the following is a fixed cost for an automobile manufacturing plant? A) administrative salaries B) electricity used by assembly...
Reading & Analyzing an Insurance Company's Financial Statements 5(3 Ratings) 1h 20min Accounting for Business Combinations & Other Equity Investments 5(6 Ratings) 1h 14min M&A Accounting & Purchase Price Allocation 4.8(14 Ratings) 1h 31min ...
Required for larger, public companies as part of external reporting Cash Method Records transactions when cash is received or distributed An easier method of accounting that simplifies a company down to what has already actually occurred Primarily used by smaller, private companies with low to no rep...
higher price than they paid. Creditors lend money to a company for a specific length of time and hope to gain by charging interest on the loan.5.In a society each organization can be defined as a separate accounting entity. An accounting entity is the organization for which financial data ...