For long-term assets, allocate the cost over their useful life. Example: A company buys a $10,000 machine with a 5-year lifespan. Using the matching principle, it records $2,000 as depreciation expense annually over five years, matching the machine’s cost to the revenue it helps generat...
(matching accounts) 记账方法 (bookkeeping methods) 记账规则 (recording rules) 记账凭证 (voucher) 记账凭证核算形式 (Bookkeeping proced ureusing vouchers) 记账凭证汇总表核算形式 (bookkeeping procedure using categorized account summary) 简单分录 (simple entry) 结算账户 (settlement accounts) [编辑] 中级...
23.Cash equivalents are short-term highly liquid investment assets that are easily converted to cash and have maturities of one year. 24.Liquidity refers to a company's ability to pay its short-term obligations. 25.Checking accounts are also called demand deposits. 26.The journal entry for pet...
For example, the current ratio compares the amount of current assets with current liabilities to determine how likely a company is going to be able to meet short-term debt obligations. Income Statement Anincome statement, also known as a “profit and loss statement,” reports a company’s oper...
This method allows the current and future cash inflows or outflows to be combined to give a more accurate picture of a company's current and long-term finances.这种方法将当前和未来的现金流入或现金流出有机结合，能够准确反映公司当前和长期的财务状况。Accrual accounting follows the matching principle...
TERM G (1) Losses C (2) Expense matching principle F (3) Revenues E (4) Time period assumption B (5) Operating cycle M3–2. Cash Basis Accrual Basis Income Statement Income Statement Revenues: Revenues: Cash sales $8,000 Sales to $18,000 Customer deposits 5,000 customers Expenses: ...
The same goes for expenses in that they are recorded even though no payment has been made. Example of an Accounting Method The value of accrual accounting becomes more evident for large, complex businesses. For example, a construction company may undertake a long-term project and may not ...
TERM G (1)Losses C (2)Expense matching principle F (3)Revenues E (4)Time period assumption B (5)Operating cycle M3–2. Cash Basis Accrual Basis Income Statement Income Statement Revenues: $8,000 Revenues: $18,000 Cash sales 5,000 Sales to Customer deposits customers Expenses: Inventory ...
current portion of a long-term debt一年内到期的长期负债 current ratio流动比率 customer ratio用户收费率,顾客运费率 cut-off盘存 debenture信用债券 debit借方借记 debit balance借方余额 debit entry借方分录 debt ratio负债比率 debt securities债务证券 declare通告(分红) deduct扣除 deduction(扣除) defective goods...
For the top monetary amount distributions (parent distributions), the main account and financial dimensions are editable directly in the segmented entry control in the grid. The extended price is a typical example of such a parent distribution. The distribution amounts are based o...