How Much Is The Accounting Entry Of Accounting Basis?

Accounting entry refers to a kind of accounting entry based on the contents of economic business, indicating the direction of borrowing and lending accounts, the name and amount of accounts, and the following are some basic knowledge about accounting entry.

Use

For every economic business, accounts should be borrowed and payable.

In accounting, the relationship between accounts should be borrowed and payable, which is called the correspondence of accounts.

In order to accurately reflect the corresponding relationship between accounts and the amount to be registered, accounting entries must be prepared before each official business is officially credited to the account.

Accounting entry is to point out that every business should be borrowed.

Record of the name and its amount.

A correct and complete accounting entry mainly consists of three elements: accounting subjects, accounting symbols and variable amounts.

simple

An accounting entry that records changes in economic operations in only two accounts.

A simple accounting entry only involves one loan and one loan, involving only two accounts.

The correspondence of subjects in this entry is clear at a glance.

Compound accounting entries refer to accounting entries that need to record economic pactions in three or more than three accounts.

There are three kinds of compound accounting entries: borrowing more, lending more, borrowing more or borrowing more.

Compiling compound accounting entries can reflect the whole situation of a certain economic business, simplify the bookkeeping work and improve the efficiency of accounting work.

Generally speaking, compound accounting entries can be broken down into several simple accounting entries, especially the compound accounting entries with multiple loans and loans. Because their accounts are not clear enough to reflect clearly the situation of economic business, they are generally not allowed to be used. Instead, they can use as many as possible one entry, one loan, one more loan or one more loan.

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The bookkeeping rule of debit and credit bookkeeping is: if there is borrowing, there will be loans.

When we use the debit and credit bookkeeping method to register economic business, we usually operate according to the following steps:

(1) analyze the contents of economic business, determine what the accounting elements it involves, changes in assets or cost elements, or changes in liabilities or owners' equity elements.

(2) which elements should be further increased, which elements will be reduced, or all will increase or decrease.

(3) determine which accounts should be entered.

(4) determine the direction and amount of the economic paction should be credited to the relevant account.

Any increase in assets and costs and costs, reduction in liabilities and owners' equity, and reduction in income should be credited to all relevant accounts. Any asset or expense, cost reduction, debt and owner equity and income increase should be credited to the relevant accounts.