Table 2.2 Asia Commercial Bank credit note.
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
Phuc Truong An Construction and Transportation Trading Company Limited
Address: No. 277 Le Thanh Tong, May Chai Ward, Ngo Quyen, Hai Phong
Form No.: S03a – DNN Issued under Decision No. 48/2006/QD-BTC
September 14, 2006 of the Ministry of Finance
GENERAL LOG
Year 2015 Unit: VND
Date recorded
book
Document | Interpretation | Account number section | Amount | |||
Number | Date | In debt | Have | |||
Previous page number switch to | ||||||
…… | ……. | ….. | …….. | ……. | ………. | ……….. |
22/07 | GBC22/7 | 22/07 | LG Electronics VN Co., Ltd. pays shipping costs Jul 2015 | 1121 5113 3331 | 31,690,500 | 28,809,600 2,880,900 |
….. | ….. | ….. | …. | ….. | ………. | ……. |
25/07 | HĐ01259 | 25/07 | Company shipping rates VINA Trading | 131 5113 3331 | 29,699,000 | 26,999,200 2,699,920 |
….. | ……. | …… | ………….. | …. | ….. | ……… |
Co-development born | 120,636,996,627 | 120,636,996,627 | ||||
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Bookkeeper (Signature, full name)
Chief Accountant (Signature, full name, seal)
December 31, 2015 Director
(Signature, full name)
Table 2.3 General journal
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
Phuc Truong An Construction and Transportation Trading Company Limited.
Address: No. 277 Le Thanh Tong, May Chai Ward, Ngo Quyen, Hai Phong.
LEDGER
Form No.: S03b – DNN Issued under Decision No. 48/2006/QD-BTC
September 14, 2006 of the Ministry of Finance
Account Name: Sales and Service Revenue Account Number: 511 (5113)
Year: 2015 Unit: VND
Date recorded
book
Document | Interpretation | Account number section | Amount | |||
Number | Date | In debt | Have | |||
Opening balance | ||||||
………. | ||||||
22/07 | GBC22/7 | 22/07 | LG Electronics VN Co., Ltd. pays shipping costs Jul 2015 | 1121 | 28,809,600 | |
….. | ……. | …… | ….. | …. | …. | ….. |
25/07 | HĐ01259 | 25/07 | Company shipping rates VINA Trading | 131 | 26,999,200 | |
…. | …. | …. | ………… | …. | …. | …. |
Add the number of broadcasts born | 11,181,836,329 | 11,181,836,329 | ||||
Bookkeeper (Signature, full name)
Chief Accountant (Signature, full name, seal)
Table 2.4 General Ledger
July 31, 2015 Director
(Signature, full name)
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
2.2.1.2 Accounting for cost of goods sold at Phuc Truong An Construction and Transportation Trading Company Limited:
With the company's business characteristics being transportation, the way to calculate cost of goods sold is also different from other trading companies. Here, cost of goods sold is a collection of reasonable costs that generate corresponding revenue in the business period. Specifically, for Phuc Truong An Construction and Transportation Trading Company Limited, it is:
- Account 1111: Vehicle rental fee (in case of lack of vehicles for transportation, additional vehicles must be rented)
- Account 1541: Gasoline costs.
- Account 1542: Road and bridge fees.
- Account 1543: Vehicle repair costs.
- Account 1544: Fixed asset depreciation expenses.
- Account 1545: Driver salary expenses.
- Account 1546: Vehicle insurance costs.
- Account 1547: Other expenses.
- Account 1548: Vehicle spare parts replacement costs.
- Account 331: Warehouse rental fee for parking.
All of the above costs are recorded in the detailed accounts of account 154 "Unfinished business costs". At the end of the period, when the contract is completed, issue a VAT invoice to the service buyer and allocate costs according to the corresponding revenue to make the cost price.
Accounting documents used:
- Payment voucher.
- Fixed asset depreciation table.
- VAT invoice, business contract.
- Payroll.
- Other relevant documents.
User manual:
- General journal.
- Ledger account 154 "Cost of unfinished business", account 331 "Payables to sellers", etc.
Account 154 is opened in detail for each expense item according to company regulations.
- Ledger account 632 "Cost of goods sold"
- Accounting voucher.
Accounting sequence:
VAT invoices, payment vouchers, payroll, etc.
Detailed accounting books account 1541, 1542,…
GENERAL LOG
Detailed summary table
Ledger account 154
Ledger account 632
Note: Daily note
Reconciliation and checking relationship End of month or periodic recording
Diagram 2.4 Sequence of cost accounting
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
For example:
On July 4, 2015, the company purchased 348 liters of RON 95 gasoline under Contract No. 0194156 at Petroleum Company Region III - One Member LLC for the amount of 4,571,455 VND (excluding 10% VAT). The company paid in cash.
Accounting entries: Debit 1541: 4,571,455
Debt 1331: 457,145
There are 1111: 5,028,600
VALUE ADDED INVOICE (Copy 2: Delivered to Buyer) July 4, 2015 | Model number: 01GTKT2/003 Symbol: AC/15P Number: 0194156 | ||||
Sales unit: PETROLEUM COMPANY REGION III – ONE THANH LLC TABLET | |||||
Address: No. 1 So Dau, So Dau Ward, Hong Bang District, Hai Phong City, Vietnam Male | |||||
Store number: Dong Quoc Binh Gas Station | |||||
Tax code: 0200120833 | |||||
Buyer's name: | |||||
Unit name: Phuc Truong An Construction and Transport Trading Company Limited | |||||
Address: No. 277 Le Thanh Tong, May Chai Ward, Ngo Quyen, Hai Phong. | |||||
Tax code: 0201187647 | |||||
Payment method: Cash | Account number:…………………… | ||||
STT | Product name, service | Unit of measure | Number quantity | Unit price | Total amount |
A | B | C | 1 | 2 | 3=1 x 2 |
1 | RON 95 gasoline | liter | 348 | 13,136.36 | 4,571,455 |
Total cost of goods: | 4,571,455 | ||||
VAT: 10% | VAT amount: | 457.145 | |||
Total payment: | 5,028,600 | ||||
Amount in words: Five million, twenty-eight thousand, six hundred dong even./. | |||||
Shopper
(Sign, print full name)
Salesman
(Sign, print full name)
Table 2.5 VAT invoice No. 0194156
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
Unit : Phuc Truong An Construction and Transport Trading Company Limited Address : No. 277 Le Thanh Tong, Ward Chai Machine, Ngo Quyen, Hai Phong | Form No. 02-TT (according to Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Ministry of Finance) main) | |||
PAYMENT VOUCHER July 4, 2015 | Number: PC00124 Debt 1541: 4,571,455 Debt 1331: 457,145 There are 1111: 5,028,600 | |||
Recipient : VU XUAN THANH PETROLEUM COMPANY REGION III – ONE MEMBER LIMITED LIABILITY COMPANY Address : No. 1 So Dau, So Dau Ward, Hong Bang District, Hai Phong City, Vietnam. Reason for payment : Paying for gas. Amount : 5,028,600 VND. In words : Five million, twenty-eight thousand, six hundred dollars. Attached : 1 original document: VAT invoice 0194156 Received full amount (in words): Five million, twenty-eight thousand, six hundred dong even. | ||||
July 4, 2015 | ||||
Unit Head | Chief Accountant | Voter | Recipient | Treasurer |
Table 2.6 Payment voucher No. 124
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
Phuc Truong An Construction and Transportation Trading Company Limited
Address: No. 277 Le Thanh Tong, May Chai Ward, Ngo Quyen, Hai Phong
Form No.: S03a – DNN Issued under Decision No. 48/2006/QD-BTC
September 14, 2006 of the Ministry of Finance
GENERAL LOG
Year 2015 Unit: VND
Date of entry
Document | Interpretation | Account number section | Amount | |||
Number | Date | In debt | Have | |||
Previous page number moved luxurious | ||||||
…… | ……. | ….. | …….. | ……. | ………. | ……….. |
04/07 | PC124 | 04/07 | Spend money RON gasoline 95 according to Contract No. 0194156 | 1541 1331 1111 | 4,571,455 457.145 | 5,028,600 |
….. | ….. | ….. | …. | ….. | ………. | ……. |
10/07 | PC129 | 10/07 | Pay for car oil changes Contract No. 164 | 1543 1331 1111 | 1,500,000 150,000 | 1,650,000 |
….. | ……. | …… | ………….. | …. | ….. | ……… |
Co-development born | 120,636,996,627 | 120,636,996,627 | ||||
Bookkeeper (Signature, full name)
Chief Accountant (Signature, full name, seal)
December 31, 2015 Director
(Signature, full name)
Table 2.7 General journal
(Source: Accounting Department of Phuc Construction and Transport Trading Co., Ltd.
Truong An)
Based on related documents such as depreciation allocation table, VAT invoice, payroll,... in July 2015, Phuc Truong An Construction and Transportation Trading Company Limited gathered the above costs as follows:
- Car rental
59,818,182 |