How to make an account of inventory gains and losses?
(1) Inventory surplus
(1) before approval:
Borrow: raw materials/inventory goods, etc.
Loan: Loss and overflow of pending property.
(2) after approval:
Borrow: Loss and overflow of pending property.
Loan: management fee
(2) Inventory deficit
(1) before approval:
Borrow: Loss and overflow of pending property.
Loan: raw materials
Taxes payable-VAT payable (input tax transferred out)
(2) after approval:
Debit: Other receivables.
Management cost
Non-operating expenses-very loss
Loan: Loss and overflow of pending property.
"Loss and overflow of pending property" belongs to the asset account, which accounts for the inventory gain, inventory loss and damage of various property materials that have been identified by enterprises in the process of inventory. The "pending property loss and overflow" account often has two detailed accounts, namely "pending fixed assets loss and overflow" and "pending current assets loss and overflow". The loss and overflow of the pending property are directly related to the assets before being reported for approval, and are directly related to the loss and overflow of the current period after being reported for approval.
What do you mean by inventory surplus and inventory deficit?
Inventory surplus refers to the fact that there are more physical objects than the correct book records, which may be caused by the fact that some physical objects are based on the weather temperature, for example.
cotton
. That is, managers make more bills for material consumption, and suppliers send more. Inventory loss refers to the fact that the physical objects are less than the correct book records, which are caused by theft and the mistakes of managers (multiple occurrences, lack of careful accounting and lack of discovery). It is found that the inventory gains and losses are first recorded in the subject of "property gains and losses to be processed", and then the corresponding accounting treatment is made by finding out the reasons. If the compensation paid by the insurance company is recorded as "other receivables" due to the management personnel or recorded as "other receivables", it will be recorded as "management expenses".
Reasons for inventory loss
1, the reasons for the loss and overflow of goods
Errors in the purchase work are mainly caused by carelessness and incompleteness in acceptance.
The influence of external conditions on commodities. From purchase to sale, commodities will undergo various losses through transportation, storage, sorting, selection, grading and weighing.
The influence of mechanical action on commodities is damaged and short due to collision and extrusion during loading, unloading, handling and stacking, such as leakage, loose package, deformation and breakage.
2, the cause of the error
Mistakes and short payment in sales work.
Errors in report vouchers.
Errors in the inventory process, such as missing inventory, overflow inventory, serial number, false inventory figures, inaccurate calculation, errors in unit of measurement conversion, etc.
The dark loss of all kinds of theft.