This paper will introduce the basic knowledge of accounting, including accounting elements, accounting equations, accounting methods, debit and credit bookkeeping methods, etc.

Elements of owner's equity

Owners' equity elements include paid-in capital, and liabilities also belong to owners' equity elements.

Implementation time of accounting standards

China's latest accounting standards for business enterprises were implemented in 2007.

The concretization of accounting elements

The concretization of accounting elements can become accounting subjects.

Correct accounting equation

The correct accounting equation is assets = owner's equity+liabilities.

Accounting method

The basic method in accounting method is accounting method.

Monetary measurement

Accounting comprehensively reflects economic activities and mainly adopts monetary measurement.

floating assets

Accounts receivable are current assets.

debit-credit bookkeeping

In the debit and credit bookkeeping method, which side records increase and which side records decrease is determined by the nature of the account.

Asset account

In the following accounts, the structure of the owner's equity account and the liability account is the same.

Reflective function of accounting

The reflection function of accounting does not include subjectivity.

profit

Profit is the operating result of an enterprise in a certain period.

double-entry bookkeeping

The double-entry bookkeeping method is to register each economic business in two or more accounts with the same amount.

account

An account is an accounting unit opened in the account book according to the accounting subjects.