Guirao : as COUNTING CYCLE 7 =P te only record Transactions that affects the PHUAMCIAL POSITION and are Called ACLOUNTRELE EVENTS: —¥ ACLOUNTASLE EVENTS can “sadly be-found nswiree douumenfs Such as PECs. A Nn |e isis Aransacrions such oF eae oF ood fr dont agfec? ame Fiwawene |< [T purchose op 8 matenale, and aster | POSITION OF AN ENTITY Such a6 V0 | aeredaten: layer of emniovees. Te We, ealyye +e erect of Tarctions 0a the foieH) ASIETS UABILITEs, POUT [Aer Identituing # Anaigiing we Farsachons "a Bee OF RA ENTITY —| | irene ucunminl= conaine cele ordered lst of Hansacnons. [the process oF recerding transactions from y [bs CERTAML LEOGER= contains Sammany Of ] source documents Fo the GENERAL be 1 vil be record in exeg reterded Feywaction | soueciht 6 called TOUR ALIBI. VALIANT 0- Guirao a) ACCOUNTING CYCLE swe use the cs IN SOURWALILIVG TRANCACTIONS. FInd OOUBLE- ENTRY BUIKKEEPINE, acvounts have 2 sides the, 3 Every account hes @ x The NORMAL BALANCE of on auvcurh INURPATES The bolanue of 0A GbtouMt cae Of_DATE, AGLousT — =o Dividends) Witharawals 5 oEBT ac “TRANSACTION OEECRIPTION Or EXPLANATION BERbeT ses normal oalance | postin REFERENCE, DECI + CXEOIT “hssels ai ‘oLUMNG. PR (PosTiNe REFERENCE) samp “Liability cleo ‘ahat a Journal entry is already Posted 10) + Equity Normal Balance, are ledger “Kovenue : cash ‘YAMANE50,008 Jan 3) 73/000LPR, bebit, Credit, and balance PaawpLt oF 3- COLIN Lees : haste Wee cerry TT | | ane on 7 [vest ment by Omer Tosa [100-070 | [0 00S | una Balances forctore ug auntie onan lest |__| wow | 190 te0.000 nit venir fr cach [out [ap 000 ooo | L10 e0ey hd ses pr cash [or [cows |_| oe. 0,000 feicial oth or awoutt cM [s0cGo | _|ayooo | __¥0,000 3) et CREOIT 100 00 50.000 Investment her le ei bv wp Sourta) and put the PR 48 j'6 8 biog Apter _posti bavk 1 J M<_atu tana of In the Hedge you can st -the PR ond purthe Gud , ve cavie, you'll sex it Row rie 2 Explanation PR Debit Cred Invesiment by omer G34) 100 000 103___—_—COFFKE Faipmen ‘Jan § 10,000 [16,000 Jun 37 Ban 1 £0 06 an 110,090 | Zo, 00015008 £01000 Pity. finn Jan baw PM) wral_pulanve aac anvay 3), 2019 VALIANfa han dan et Fem nal Galanve, Sanadny 31,2014 neki ret Gash pap ,c00 5 _ Auounte Retsyable aa bene Supeles F000 Uindiviclau) vedoer i Balen ce Equemert Soi a [ec fi P4500 J aoumts_payabie 7374500 P40 Age, whew the amount Of ew hare Fo write in te THal balanee ond use deuble=lin’ | pote! __ Om rel Wenaver [ Apalanced wal ponced doen't Porantee_aceura bg dlumun balenets Balasce Came fom dhe der is the ore The fe of ne business js ~The eny Use difj erent aevountng pened tad 1s best for Thar compan = The Cniity we the diferent types of Gicbuatnd peslt To Know = Starts Jon; Ends Decl] the Covertge of every Aoanual statement if Je] = Generally used by business |» Conponies pork fnendal slarencnl yah jb. FISCAL EAR 8) Yeon end =| = Any f2-month pomod for | » Befon prpatnd the RranUal eabonent, We iF mead fe wate fel example uly 1~ dune 30 aul the S called aajusting process _ Eniity use _seameqiond record exfensee when we Mound), not vhen we pecehvedl cach or we (eid using cock. (retdive=revene) ( ‘Cash BABE revenue TE (euonded hen cach is eOeived prem he cusroner and expense 1s reverded wien Are pil | gusus up Aco} nosis, the [x ACCRUALE 40 DEFERRALSY a sens sc oases reel deepens 4_y PePeTd ostct (ase mod) RTL ecerus an [Acard REMY irearralrersire (Veit meted) a HE $e oper pared Fey enue merhed Expense eihod"= peng cosh Tw advance far @rPerLeS. P30, 000 X 5] months = pI CoO Oct Pgs! unt 90,000 tala at cash 30,000 7 Dec St fen Exper 18,000 AL ediuiting Eatay used por tmeoid ent 000 Paid coon In advance and will be revnledl iamedlaiely as An 50,000 a 70,000 * 2/5 montas= PR 000 7,009 12000 Ae nue)_porion or uneven pation — waive . customer pays Incdvaate ond reLord Hc ability because the seoVive. fe nok yor priced. ving unetrned ? 0 490 rental ww Deed a 45,00 Uneand turnve 75,000 Dec 51 vevsnad fenpve. 26.000 “pop 1]? montis X 25,000 21,000 aoat| Berle Keven 35,00 JP “Hat na pode ice money Twerived wil be Fuerte op vurenue Cv if HIF Cash Iredvonce ash ag, 000 ain 6,000 ~ $0,000 Tage afy months x25, 000 = 50; O00 near stpoo J neon hind po parorendaeel SSREESIAE Kove Guan inarna FA bore not vot bom paid and rene eee oe Tah ask Yor eal = Majihing Fan F aPOhS and ewlne ir hates Fre Dapeng Mave oun jocured but A0F Yok 908d In cach, Oe >} Sader Bypete 3 00 Mays y 200 dati s. salaries Yoyanre 3,000 S700 nagomlt Mae ned (ned a eopee T+ Interest Pe prauigal Re Rane Trine, __ yauANE |S AcLRMED REVENUES Semive: Vdc Peen rend Int pagrrny hac ROP Yet heen-coleckal fom He yuo) duunUed reremue ne have On. AR and Cr. Renchue = Eye we fom a Uient fr gn th Osh ea Unearpul fr 455i ona | Fees Unewrrasl Priscional Pets Atgess'out_fees -2Y0, 000 Berner tert cree and wapenie onl ees Insuronce Fapease 1900 Fim nag rapbohage [0m Oy. pyord en pes6 tod advanixprgerint op He Ws [nore Sparsinsnt- 2y0 coo. 340000 Hour lab eg die eh Pb Dee peace) (rents ry abrance tentfo but the Acwwals are case even