The Double Entry System 複式記帳法
- Business entity concept 企業個體概念
- The Accounting Equation : Assets = Capital (Owner's equity) + Liabilities
- Effects of transactions on the accounting equation :
- The owner introduced capital 東主投入資本 (A+, C+)
- Bought an asset by cheque 以支票付款購買資產 (A+, A-)
- Bought an asset on credit (A+, L+)
- Repaid a liability 償還負債 (A-, L-)
- Borrowed money from people other than the owner 向外人借貸 (A+, L+)
- Sold an asset on credit (A+, A-)
- Double-entry bookkeeping
LHS: Debit side
LHS: Debit side
RHS: Credit side
