How to memorize ledger account names faster

Most of the account names can be understood literally, so it should be understood in terms of the content of their accounting, and it should be much easier to correspond to the accounts in reverse.

I also studied this major, and it used to be like this, this should be practiced more, if you can do some small unit accounts, then remembering is the fastest, and it can also help you learn this subject well.

The easiest thing is to practice, find an internship with a company, or do a little more test questions yourself. Practice makes perfect, and it is natural to remember. Thank you!

If you know how to make accounts, you will naturally remember it!

The best way to memorize accounting subjects.

1. Short-term borrowings:

1. Borrowing short-term loans:

Borrow: Bank deposit.

Credit: Short-term borrowing.

2. Accrue interest on a monthly basis

Borrow: Finance Expenses.

Credit: Interest payable.

3. Pay interest on bank deposits at the end of the quarter

Borrow: Finance Expenses.

Interest payable. Credit: Bank deposits.

4. Repayment of the principal of short-term loans at maturity

Borrow: Short-term borrowing.

Credit: Bank deposits.

2. Notes payable:

1. Issue notes payable:

Borrow: Material Procurement Inventory Goods.

Tax Payable – VAT payable (input tax).

Credit: Notes payable.

Banker's Acceptance Draft Handling Fee:

Borrow: Finance Expenses.

Credit: Bank deposits.

2. Bills payable are due for payment

Debit: Notes payable.

Credit: Bank deposits.

3. Resell the inability to pay the banker's acceptance bill

Debit: Notes payable.

Credit: Short-term borrowing.

3. Accounts payable:

1. Accounts payable:

Borrow: Material Purchase, Inventory Goods, Materials in Transit, Production Costs, Administrative Expenses, Manufacturing Expenses.

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

2. Repayment of accounts payable:

Debit: Accounts payable.

Credit: Bank Deposits Notes Payable.

3. The cash discount obtained by the payment during the discount period will be used to offset the financial expenses when repaying the accounts payable

Debit: Accounts payable.

Finance Expenses. Credit: Bank deposits.

4. Resell accounts payable that cannot be paid:

Debit: Accounts payable.

Credit: Non-operating income – Others.

4. Accounts receivable in advance:

1. Received advance receivables:

Borrow: Bank deposit.

Credit: Accounts received in advance.

2. Receipt of the remaining payment:

Debit: Accounts receivable in advance.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts received in advance.

3. Enterprises with small amounts of advance receivables shall credit the advance receipts to the "accounts receivable".

Advance payment received:

Borrow: Bank deposit.

Credit: Accounts receivable.

Receipt of the remaining payment:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts receivable.

1. It is recommended to record the sources of current assets, fixed assets, current liabilities, liabilities during the long-term period, owners' equity, and costs and expenses. In fact, there is no need to memorize accounting subjects by rote, and you will naturally remember them when you have time to make more entries;

2.Memorize the classification first, and memorize the commonly used subjects. Not every subject can be used, do more entry questions, and if you do more questions, you will be familiar with the subjects;

3.Find 1 commercial (balance sheet, income statement) each, 1 industrial (balance sheet, income statement) and 1 look at it, you can Jinghuai understand, in fact, you don't have to memorize it, every accountant remembers the accounting subjects from the work.

4.Focus on memorization on the premise of understanding.

Do the following steps:

1.It is recommended to record current assets, fixed assets, current liabilities, long-term liabilities, owners' equity, and costs and expenses. In fact, there is no need to memorize accounting subjects by rote, and you will naturally remember them when you have time to make more entries;

2.Memorize the classification first, and memorize the commonly used subjects. Not every subject can be used, do more entry questions, and if you do more questions, you will be familiar with the subjects;

3.Find 1 commercial (balance sheet, income statement) and 1 industrial (balance sheet, income statement) and you can understand it.

4.Focus on memorization on the premise of understanding.

Accounting subjects are accounts that classify and account for the specific contents of accounting elements in accordance with the content of economic business and the requirements of economic management, which are called accounting subjects. Accounting accounts are divided into general classification accounts and detailed classification accounts according to the level of detail of the information they provide and their reconciliation relationships.

The former is an accounting account that classifies the specific content of accounting elements and provides general information, such as "accounts receivable" and "raw materials", while the latter is a general classification account that further classifies and provides more detailed and specific accounting information, such as "accounts receivable" accounts receivable set up detailed accounts according to the name of the debtor to reflect the specific objects of accounts receivable.

Accounting subjects are very important basic research methods and auxiliary work in accounting, which will be divided into accounting elements according to their nature, and set up sub-programs, for example, cash is a major accounting account of asset accounting elements. Generally speaking, ledger accounts are the basis for setting up accounts and processing accounts.

An accounting account is a category name that classifies and calculates the specific content of an accounting element. Accounting elements are the basic classification of accounting objects.

Accounting business or knowledge is not by memorizing (memorizing) can be mastered and improved, accounting is actually a technology, similar to lathes, millers, but the worker processing object is the material, accounting processing object is data.

Therefore, accounting knowledge can only be mastered and solid by practice. In daily accounting treatment, it is common to encounter things that are not covered in books at all, or that accounting business is constantly changing, in addition to basic norms and principles, the handling of accounting practices requires accumulation, and even wisdom.

If you want to memorize accounting knowledge quickly, the best way is to summarize it yourself, take notes while reading the book, and categorize some questions. For example, when learning the problem of asset impairment, you can compare and summarize the difference and connection between depreciation and impairment of fixed assets, and how to use these two similar accounts; Another example is the difference and connection between operating lease and financial lease...

Here's an excerpt from one of my notes for your reference.

Differences and commonalities between financial lease and operating lease:

1) The ownership of a financial lease can be transferred, but the operating lease cannot be.

2) The former requires that the useful life of the leased asset before the start of the lease shall not exceed the useful life of the asset when it is brand new.

The difference is that for the most part, the latter do not have this requirement.

3) In terms of accounting treatment, the financial lease lessee shall accrue depreciation on the leased assets, and the lessor shall stop accruing.

4) The operating lease shall disclose the special balance in the sale-leaseback contract.

1) The disclosure requirements are basically the same for unrecognized lease fee balances.

Same method used to allocate unrecognized costs.

2) The tenant's leasing cost sharing method is basically the same, and the straight-line method (average life method) can be used

3) Contingent rent and initial expenses, recognized as current expenses (or income).

This requires a combination of your own interests and the computer software that often uses accounting...

Watch more, memorize more, learn more, and there are no tricks.

1. The money invested by several contractors who build the house is included in "other payables - temporary loans payable - xx (boss name or unit)".

2. The materials for buying and building houses, the wages paid to workers and the money for cooking and buying vegetables for workers shall be debited respectively for "engineering construction - contract cost - material cost", "engineering construction - contract cost - labor cost", "engineering construction - contract cost - indirect cost" (food and housing), "other receivables - temporary loan receivable - xx (name of person) (regardless of food and accommodation)", and credit "other payables - temporary loan payable - xx (name of the boss or unit).

3. The money paid by the homeowner to the contractor is debited with "cash or bank deposits" and credited with "operating income" 4. At the end of the period, the income and costs are transferred to the debit and credit of the "current year's profit", and the difference is the profit.

5. When repaying the money of the foreman, borrow "other payables - temporary loans payable - xx (boss name or unit)" to lend "cash or bank deposit".

An accounting account is a category that classifies and calculates the specific content of an accounting element object. The specific content of the accounting object is different, and the management requirements are also different.

If the owner proves that the house was built on behalf of the contractor, the material money he spent should be credited to the construction of the project - materials and the labor wages paid: the construction of the project - the labor cost, the food cost: the indirect cost - the welfare fee should be recorded, and the homeowner paid the money to record the project settlement income.

At the end of the month, it is: borrowing the cost of the main business, credit: engineering construction - materials, labor loans:

Overhead – Welfare costs.

Borrow: Project Settlement Income Credit: Main Business Income, Last Borrow: Main Business Income Borrow: Current Year Profit (Loss) Credit: Main Business Cost.

The salaries of management personnel are credited to administrative expenses, and the salaries of other personnel are credited to operating expenses.

1. What accounting subjects should be credited to the bonuses that the company temporarily awards to employees? Borrow: Salary payable - bonus Credit: Cash 2. If it is a fine, how should it be handled? Borrow: Cash Credit: Non Operating Income.

First of all, memorize familiarity. If you don't understand, you have to memorize it, and then ponder and understand it one by one.

Memorize the accounting content of the accounts, refer to the relevant entries, and try to think as much as possible about why you do this.

Accumulate experience in practice, participate in audits, audits and other work, and learn from others.

Read more magazines and newspapers in accounting, finance, and taxation, read more books and learn more cases and skills, ask more questions, use your brain, broaden your economic knowledge, and understand the business content and process in accounting entries.

Remember the accounting rules:

Where there is borrowing, there must be a loan, and borrowing must be equal.

Pay attention to the ledger account classification:

The debit statement for assets, costs, and expenses has increased, and the credit statement has decreased.

The debit statement of owners' equity, liabilities, income, and profit decreased, and the credit statement increased.

Pay attention to the balance formula in terms of reporting and trial balance:

Assets + Expenses = Liabilities + Owners' Equity + Income".

Be diligent, learn more, ask more questions, and practice more.

1) First of all, start with the accounting subjects, memorize the accounting content of the subjects, 2) learn the accounting rules and accounting process, learn the accounting system, learn the basic knowledge, 3) practice more, and accumulate more practical experience.

4) Keep abreast of various fiscal and tax policies and broaden your knowledge.

5) Pay attention to flexible use, gradually achieve accurate accounting, and reasonable tax avoidance.

Find an old accountant as an apprentice, and follow the actual operation is the fastest.

First, I would like to introduce you to the study method of memorizing accounting subjects as soon as possible

1) Memorize the names of commonly used subjects and which major categories they belong to;

2) Memorize the accounting identity and understand the basic principle of "there must be a loan, and the loan must be equal";

3) Clarify the meaning of loan representation and clarify the correspondence between each subject;

4) For similar economic businesses, you should do more exercises to better understand and consolidate, and be diligent in thinking about why you do it. Second, do more questions related to accounting entries to help you understand and memorize accounting subjects. Familiarize yourself with some of the common accounts in the chart of accounts, then understand the structure of each account, and finally do some more exercises.

Inside this is the new chart of accounts, I hope it will help you.

With a certain amount of comprehension and associative memory, it can be remembered quickly and easily.

First: reliability. Accounting information should be a reliable basis, think about it, if the information does not match the actual situation of the project, the information will have no effect, just like being a person, to be a reliable and trustworthy person.

Second: relevance. Accounting information should be linked to investors' investment needs, financial reports, etc., that is, to correlate them. Just like a production chain, it must be closely linked from beginning to end, so that the production of the product can be completed.

Third: comprehensibility. This requires that the accounting information be organized and understood. If the information is chaotic, how can investors and companies make the right decisions? It's like if you write an article, but the handwriting is sloppy and others can't read it, then who can appreciate your work?

Fourth: comparability. It's easy to understand that there is a comparison to find out the shortcomings.

Compare the accounting information with different periods of the enterprise or different enterprises at the same time to find out how to optimize and improve. Just like how to judge whether a student is working hard or not, through the comparison of grades, the comparison in the classroom can be distinguished.

Fifth: substance over form. This requires companies to recognize, measure and report on the economic substance of the event, not only on the basis of the legal form of the transaction or event. It can be thought of as doing something not only in words, but also in action.

Sixth: Importance. Needless to say, accounting information and evaluation reports on enterprise projects may be related to the success or failure of the project and the ultimate benefits, which is very important work.

Seventh: prudence. Because the production and operation activities of enterprises face many risks and uncertainties, every piece of data and every piece of information needs to be carefully considered before making an answer.

Eighth: Timeliness. Enterprises shall confirm, measure and report the transactions that have occurred in a timely manner, and shall not postpone them. For example, if you procrastinate in doing something, it will waste more of your time, and you need to complete it early and in time.