ManualeSommarioTitle Page1Contents3Listing the Things a Business Owns and Owes9Starting a Business9The Balance Sheet13Assets, Liabilities and Equity13Changes in Assets, Liabilities and Equity14Changes in Equity17Changes Caused by Withdrawals17Changes Caused by Earnings17Recording How Changes Were Made19Revenues and Expenses19When to Record Revenues and Expenses21Recording Changes to the Balance Sheet23Recording Transactions23Debits and Credits26Debits and Credits on the Balance Sheet29Revenues and Expenses30A Separate Income Statement33Why and How33Debits and Credits Affect Both Statements34The Journal37Why and How37National Construction's Journal39The Ledger43Why and How43Posting44Manual Accounting Systems45Classified Financial Statements47The Balance Sheet47Assets47Liabilities48Equity48The Income Statement49Revenues50Expenses50Net Income50Adjusting Entries53When and Why53Prepaid Expenses54Use of Supplies55Bad Debts55Depreciation56Accrued Expenses57Accrued Revenues59The Finished Financial Statements61Starting the Next Accounting Period63Closing the Books63Opening the Books65Summary of Financial Statement Preparation67Other Types of Legal Organizations69Partnerships69Corporations71Subsidiary Ledgers75Why and How75Accounts Receivable76Accounts Payable76Payroll77Inventory77Open Invoice Accounting for Payables and Receivables79Late Payment Charges79Discounts79Bad Debts80Prepayments81Payroll Accounting83Determining an Employee's Gross Earnings85Regular Pay86Overtime Pay86Salary87Commission87Taxable Benefits88Vacation Pay88Determining the Employee's Deductions90CPP Contribution91EI Premiums92Registered Pension Plan Contributions94Union95Income Tax95Medical96GST Payroll Deductions97Calculating the Employer's Associated Expenses98CPP and EI Expenses98Employer's WCB Expenses99Updating the Employee's Payroll Record99Creating the Journal Entries101Remitting Funds to the Receiver General and Other Agencies101Ontario Employer Health Tax102Payroll Accounting in the Province of Quebec104Inventory Accounting107Accounting Control of Inventory109General Ledger Accounts in Inventory Accounting110Tax Considerations in Accounting for Inventory114Goods and Services Tax114Provincial Sales Tax116Cost Accounting117Project Costs117Profit Centres118Accounting for the GST and PST121Preparing for Tax Accounting121Setting Up General Ledger Accounts121Accounting for Purchases122Accounting for Sales123GST Payroll Deductions124Adjustments124Clearing the Tax Accounts125Glossary127Index133Dimensioni: 326 KBPagine: 138Language: EnglishApri il manuale
