The basic working tool is the "T"account, which provides a simple means of tracing, step by step, the effects ofthese transactions on both the assetandliability sides of bank balancesheets.
The Balance Sheet is a report of the assetandliability accounts.
而资产负债表则是报告资产和负债的账目。
3
The accounting books of a company start with a chart of accounts. There are two kinds of accounts; income/expense accounts andasset/liability accounts.