closing entries

简明释义

结清分录,结帐分录

英英释义

例句

1.The closing entries 结账分录 help ensure that revenue and expenses are recorded in the correct period.

每年的closing entries 结账分录帮助确保收入和费用在正确的期间内记录。

2.The finance team reviewed the closing entries 结账分录 to confirm accuracy before generating the financial statements.

财务团队在生成财务报表之前审查了closing entries 结账分录以确认准确性。

3.After all transactions were posted, we moved on to make the closing entries 结账分录 for the month.

所有交易都已过账后，我们继续进行当月的closing entries 结账分录。

4.At the end of the fiscal year, the accountant prepared the closing entries 结账分录 to reset temporary accounts.

在财政年度结束时，会计准备了closing entries 结账分录以重置临时账户。

5.Each department is responsible for providing data needed to complete the closing entries 结账分录.

每个部门负责提供完成closing entries 结账分录所需的数据。

作文

In the world of accounting, the term closing entries refers to the journal entries made at the end of an accounting period. These entries are crucial for preparing financial statements and resetting the balances of temporary accounts. Temporary accounts include revenues, expenses, and dividends, which are all closed out to a permanent account, typically retained earnings. The process of making closing entries ensures that the financial records accurately reflect the company's performance over a specific period and that the accounts are ready for the next accounting cycle.The primary purpose of closing entries is to transfer the balances from temporary accounts to a permanent account. This is essential because temporary accounts are reset to zero at the beginning of each new accounting period, allowing for a clean slate. For instance, if a company earned $50,000 in revenue during the year, this amount would be recorded in a revenue account. At the end of the year, the accountant would make a closing entry to transfer this balance to the retained earnings account, effectively resetting the revenue account to zero for the new year.The steps involved in making closing entries typically include four main entries: closing revenue accounts, closing expense accounts, closing dividends (if applicable), and finally, closing the income summary account. First, all revenue accounts are closed by debiting them and crediting the income summary account. This action consolidates all revenues into one summary account, which simplifies the process of determining net income or loss for the period.Next, the expense accounts are closed by crediting them and debiting the income summary account. This step allows all expenses to be aggregated, providing a clear picture of total expenses incurred during the accounting period. After these two steps, the income summary account will reflect the net income or loss for the period by subtracting total expenses from total revenues.Following this, if there are any dividends declared, they must be closed out as well. This is done by debiting the retained earnings account and crediting the dividends account. Finally, the income summary account is closed by transferring its balance to the retained earnings account, completing the cycle of closing entries. This final step is vital as it updates the retained earnings account to reflect the cumulative earnings of the company after accounting for dividends paid out.Understanding the importance and function of closing entries is essential for anyone studying accounting or working in the field. These entries not only help maintain accurate financial records but also provide valuable information for stakeholders assessing the company’s financial health. By ensuring that all temporary accounts are properly closed, businesses can better track their performance over time and make informed decisions based on accurate data.In conclusion, closing entries play a pivotal role in the accounting cycle. They facilitate the transition from one accounting period to another while ensuring that financial statements reflect the true financial position of the company. Without proper closing entries, a company’s financial data could become muddled, leading to incorrect reporting and potentially poor business decisions. Therefore, mastering the concept and execution of closing entries is fundamental for accounting professionals and essential for maintaining the integrity of financial reporting.

在会计的世界中，术语closing entries指的是在会计期末进行的日记账分录。这些分录对于准备财务报表和重置临时账户的余额至关重要。临时账户包括收入、费用和股息，这些账户的余额都将结转到一个永久账户，通常是留存收益。制作closing entries的过程确保财务记录准确反映公司在特定时期的表现，并且账户为下一个会计周期做好准备。closing entries的主要目的是将临时账户的余额转移到永久账户。这一点至关重要，因为临时账户在每个新会计期开始时都会重置为零，从而允许一个干净的起点。例如，如果一家公司在一年内赚取了50,000美元的收入，这个金额将记录在收入账户中。在年末，会计师将制作一个closing entry，将这个余额转移到留存收益账户，从而有效地将收入账户重置为零，以便进入新的一年。制作closing entries的步骤通常包括四个主要分录：关闭收入账户、关闭费用账户、关闭股息（如适用）以及最后关闭损益汇总账户。首先，通过借记所有收入账户并贷记损益汇总账户来关闭所有收入账户。这一操作将所有收入合并到一个汇总账户中，从而简化了确定期间净收入或损失的过程。接下来，通过贷记费用账户并借记损益汇总账户来关闭费用账户。这一步允许所有费用进行汇总，提供总费用的清晰图景。在这两个步骤之后，损益汇总账户将通过从总收入中减去总费用来反映该期间的净收入或损失。随后，如果有任何宣告的股息，也必须关闭。这是通过借记留存收益账户并贷记股息账户来完成的。最后，损益汇总账户通过将其余额转移到留存收益账户来关闭，完成closing entries的循环。这最后一步至关重要，因为它更新了留存收益账户，以反映在支付股息后公司的累积收益。理解closing entries的重要性和功能对于任何学习会计或在该领域工作的人来说都是至关重要的。这些分录不仅有助于保持准确的财务记录，还为评估公司财务健康状况的利益相关者提供了宝贵的信息。通过确保所有临时账户得到妥善关闭，企业可以更好地跟踪其绩效，并根据准确的数据做出明智的决策。总之，closing entries在会计周期中发挥着关键作用。它们促进了一个会计期到另一个会计期的过渡，同时确保财务报表反映公司的真实财务状况。如果没有适当的closing entries，公司的财务数据可能会变得混乱，从而导致错误的报告和潜在的糟糕商业决策。因此，掌握closing entries的概念和执行对于会计专业人士而言是基础，也是维护财务报告完整性的必要条件。