Attribution chapter
Chapter II Primary Accounting Practice Assets
Detailed explanation of knowledge
Knowledge point 1: inventory check
In order to reflect and supervise the inventory surplus, inventory deficit and damage of various inventories identified by enterprises in property inspection, enterprises should set up the subject of "loss and surplus of pending property".
All kinds of inventory losses and surpluses identified by enterprises should be handled before closing the accounts at the end of the period, and there should be no balance in this course after the end of the period.
(A) the accounting treatment of inventory surplus
Borrow: raw materials, etc
Loan: loss and surplus of pending property.
Borrow: Loss and overflow of pending property.
Loan: management fee
(2) Accounting treatment of inventory shortage and damage
Borrow: Loss and overflow of pending property.
Loan: raw materials, etc.
Taxes payable-VAT payable (transfer-out input tax) (except natural disasters)
Borrow: Other receivables (compensation by insurance company or responsible person)
Management expenses (general operating losses or poor management after deducting the compensation that should be borne by others)
Non-operating expenses (extraordinary losses)
Loan: loss and surplus of pending property.
Summary of accounting treatment points:
Knowledge point 2: Inventory impairment
(1) Withdrawal and reversal of inventory depreciation reserve
On the balance sheet date, inventory is measured according to the lower of cost (actual cost) and net realizable value.
Net realizable value = estimated inventory price-deep processing cost-estimated sales expenses and taxes.
(2) Accounting treatment of inventory depreciation reserve
1. Account Settings
In order to reflect and supervise the provision, reversal and write-off of inventory depreciation reserve, enterprises should set up the subject of "inventory depreciation reserve", and the debit of depreciation loss should be recorded in the subject of "asset impairment loss".
calculate
Inventory depreciation reserve payable in this period = (inventory cost-net realizable value)-existing credit balance of inventory depreciation reserve.
Small new points that should be raised in this period = should be raised-raised.
& GT0-Additional preparation in this period
& lt0-Write-off within the scope of provision for inventory depreciation.
3. Accounting treatment: