concept
The account balance table is the basic accounting table, which is the balance of each account.
In the balance sheet, it reflects the amount of each asset and liability as of the end of the month.
In each sub-ledger, the latest amount of each sub-account up to the end of the month is reflected.
table concept
Static: Assets = Liabilities + Owner's Equity
Dynamic : Assets +
Expenses = Liabilities + Owner's Equity + Income
Accounting period: Divide the business activities of the enterprise into several equal intervals, carry out accounting and prepare accounting statements in stages, and regularly reflect the business activities and results of the enterprise in a certain period.
Debit: increase in assets and expenses, decrease in liabilities, owner's equity, and income
Credit in assets and expenses, and decrease in liabilities, owner's equity, and income indicates an increase
Beginning balance: The existing account balance at the beginning of the period is the amount carried forward from the previous period to the current period, or the amount adjusted by the closing balance of the previous period.
Occurs in the current period: The total amount of increase or decrease registered by the debit or credit side of each account during the accounting period.
Closing balance = opening balance + increase in the current period - decrease in the current period
official
Assets accounts: Debit balance at the end of the period = Debit balance at the beginning of the period + Debit amount in the current period - Credit in the current period
Liabilities and owners' equity accounts: Ending credit balance = Beginning credit balance + Credit amount in the current period - Debit amount in the current period
summary
The most difficult thing to understand is borrowing, because borrowing is not limited to bonds and debts, but has now evolved into all economic activities, so it is just a symbol. Personally, it is better to call it the left and the right to understand it better.
Understand an identity here: 资产 = 负债 + 所有者权益, where the money is spent on the left, and where the money comes from on the right
Assets: closing balance (debit) = opening balance ten debits in the current period, credits in the current period
Liabilities : closing balance (credits) = opening balance ten credits in the current period and debits in the current period
Costs and expenses: Expressed as debit balance
Income class: expressed as credit balance
Then calculate the corresponding value according to the specific business needs
Not for finance, for business communication, if you have any questions, please point out