- Receipt, credit note.
- Other relevant documents.
Accounting accounts used:
Account 515 - Financial activity revenue. Account 111 - Cash.
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Account 112 - Bank deposits.
Accounting for main operations:
Accounting chart of Financial Revenue Account
Account 111, 112, 138
Interest income
Account 911
Financial revenue
TK 121, 128
Gain from sale of securities
Account 111, 112, 222
Profit from joint venture activities
Account 111, 112, 331
Exchange rate differential
Account 111, 112, 331
Payment discount enjoyed
Account 515
1.3.3.2 Financial costs:
Accounting documents used:
- Payment order, payment voucher.
- Other relevant documents.
Accounting accounts used: Account 635 - Financial expenses. Account 111 - Cash.
Account 112 - Bank deposits.
Accounting for main operations:
Accounting chart of Financial Expense Account
TK 111, 112,
242, 335
Pay interest on loans, allocate interest on purchases on credit or installments
TK 129, 229
TK 129, 229
Reversal of investment depreciation reserve
Investment impairment reserve
TK 121, 221,
222, 223, 228
Losses on investments
Account 111, 112
Proceeds from sale of items
Account 111 (1112),
112 (1122)
invest
Joint venture and association operating costs
Account 911
Financial cost K/C
Foreign currency sales (Book value)
(Loss on foreign currency sales)
Account 413
Exchange rate difference loss due to revaluation of foreign currency items at the end of the period
Account 635
1.3.4 Accounting for income and expenses from other activities:
1.3.4.1 Other income:
Accounting documents used:
- Receipt, credit note.
- Other relevant documents.
Accounting accounts used: Account 711 - Other income.
Account 111 - Cash.
Account 112 - Bank deposits.
1.3.4.2 Other costs:
Accounting documents used:
- Payment voucher, payment authorization.
- Other relevant documents.
Accounting accounts used: Account 811 - Other expenses.
Account 111 - Cash.
Account 112 - Bank deposits
Accounting for main operations:
Accounting chart of Other Income Account
Accounts 111, 112, 131,…
Income from liquidation and sale of fixed assets
Account 911
Other income
Account 333 (33311)
(If any)
Account 331, 338
Payables with unidentified creditors, decision to write off
Account 111, 112
- When bad debts are collected
- Collect fines from customers due to contract violations...
Accounts 152, 156, 211…
Sponsored and donated materials, goods, and fixed assets
Account 111, 112
Refunds of export, import and special consumption tax
Account 711
Accounting chart of Other Expense Accounts
Account 211, 213
Account 214
Depreciation value
Record reduction of fixed assets used for business operations when liquidating or selling
Account 811
Accounts 111, 112, 331,…
Costs incurred for liquidation and sale of fixed assets
Account 333
VAT (if applicable)
TK 133
Tax fines and tax arrears
Account 111, 112,…
Fines for breach of contract, violation of law
Accounts 111, 112, 152,…
Expenditure on sponsorship, aid, donations
1.3.5 Accounting determines business results:
1.3.5.1 Accounting for Corporate Income Tax Expenses:
Accounting documents used:
- Accounting voucher.
Accounting accounts used:
Account 821 - Corporate income tax expense. In which:
- Account 8211 - Current corporate income tax expense.
- Account 8212 - Deferred corporate income tax expense.
Accounting for main operations:
Accounting Diagram of Deferred Corporate Income Tax Expense Account
Account 347
Account 821 (8211)
Account 347
Difference between deferred corporate income tax payable arising in the year > deferred corporate income tax payable reversed in the year
Difference between deferred corporate income tax payable arising in the year < deferred corporate income tax payable reversed in the year
Account 243
Difference between deferred corporate income tax assets arising < deferred corporate income tax assets reversed in the year
Difference between deferred corporate income tax assets arising > deferred corporate income tax assets reversed in the year
Account 243
Account 911 Account 911
Difference between Credit and Debit account 8212
Difference between Credit and Debit account 8212
Accounting diagram of current Corporate Income Tax Expense Account
Account 333 (3334)
Account 821 (8211)
Current corporate income tax payable in the period
Tax expense
Account 911
(Business determined)
Current corporate income tax
The difference between the provisional corporate income tax amount and the amount payable
1.3.5.2 Accounting determines business results:
Accounting documents used:
- Accounting vouchers perform transfer entries.
Accounting accounts used:
Account 911 - Determining business results. Account 421 - Undistributed profits.
Accounting Chart Account Determining Business Results
Account 632
Account 911
Cost of goods sold
Account 511
Account 641, Account 642
Sales Revenue
Cost of sales, Administrative expenses
Account 515
Account 635
K/C Financial costs
Revenue from financial activities
Account 811
Account 711
Other costs
Other Income
Account 821 (8211)
Current corporate income tax expense
Account 421
K/C loss
K/C profit
1.4 Document circulation system and procedures:
Enterprises of all types, all fields of production and business activities, all economic sectors must base on the scale, characteristics of production and business activities, management requirements, volume of accounting work, number and professional qualifications of accounting staff to choose a suitable form of accounting.