Accounting for Material and Equipment, TGSTCGT D. Right

Cash payments for expenses

Account 511 Account 622,631, Account 241,661

Revenues, fees, charges and other charges

TK331 TK33 1,332,333

Surplus balance upon inventory

Pay debt, pay taxes, fees, charges payable

Account 413 Account 41 3

Revaluation difference

Difference decreased due to foreign currency revaluation

TK511 TK 152,155,211

Collect money from sales of goods and services

(subject to VAT by method)

Spend money on buying goods and materials

Fixed assets (subject to VAT)

Account 3331 Account 3313

VAT

Taxable

 Accounting for bank and treasury deposits:

VAT

To account for Bank and Treasury deposits, accountants use account 112 "Bank and Treasury deposits".

a. Uses:

This account is used to reflect the current amount and fluctuations of all types of money of the unit deposited at the Bank and Treasury (including Vietnamese currency, foreign currency, gold, silver, precious metals, and gemstones).

b) Accounting principles:

- The basis for accounting on account 112 - Bank and Treasury deposits is the credit notice, debit notice or statement of the Bank or Treasury with original documents attached.

- Accountants must organize the monitoring of each type of deposit (deposits for operating expenses, deposits for construction investment capital and other types of money according to each type of Bank and Treasury). Periodically check and compare to ensure that the data deposited, withdrawn and remaining at the end of the period matches the data managed by the Bank and Treasury. If there is any difference, it must be immediately reported to the Bank and Treasury for timely confirmation and adjustment.

- Deposit accountants must strictly comply with the monetary circulation management regime and regulations related to the current State Budget Law.

c. Structure and content

Credit account 112 Debit

- Vietnamese currency, foreign currency, gold, silver, precious metals, and gemstones deposited in banks and treasuries.

- Foreign currency value increases when foreign currency is revalued (in case of foreign currency exchange rate increase)

SD: Vietnamese currency, foreign currency, gold, silver still deposited at the treasury bank.

- Vietnamese currency, foreign currency, gold, silver, precious metals, gemstones withdrawn from banks and treasuries.

- Foreign currency value decreases when foreign currency is revalued (in case of foreign currency exchange rate decrease)

Account 112 - Bank and treasury deposits has 3 sub-accounts:

+ Account 1121 - "Vietnamese currency": Reflects the current amount and fluctuations of Vietnamese currency in the unit deposited at banks and treasuries.

+ Account 1122 - "Foreign currency": Reflects the current amount and value fluctuations of foreign currencies deposited at banks and treasuries.

+ Account 1123 - "Gold, silver, precious stones": Reflects the current amount and fluctuations in the value of gold, silver, precious metals, and precious stones of the unit at banks and treasuries.

Accounting diagram for bank and treasury deposits

Account 111 Account 112 Account 111

Deposit money into bank, treasury

Withdraw deposit to fund

Account 411, 441 Account 150,155

Buy materials, tools, goods by

Receive business capital, investment capital

Account 461, 462 Account 211, 213

Receive operating and project funding

Purchase fixed assets with bank deposits, warehouses

Account 312 Account 331, 312

Advance recovery Advance payment, payment

payables by

Account 342 Account 333, 342,341

Recovery of debts of the level

Pay taxes, fees, charges and payments

Account 311 Account 661,662,631,241

Cost of treasury bank deposit

Collect receivables

At the end of the accounting year, the unit must return the number.

Account 511 Account 461,462

Collect career fees and

TK413 TK 4 13

Exchange rate differential increased due to valuation

Difference reduced due to assessment

TK511 TK152,211,155

Purchase of materials, goods,

Fixed assets used

Production and business subject to VAT

TK3111

Input VAT

Sales of products and goods

TK3331

3.4 . Accounting for material , equipment and supplies must be

enter

Accounting for internal materials and products : is the accounting work that reflects the quantity, current value and fluctuation of materials, products and goods of the unit;

In addition, fixed asset accounting also reflects the quantity, original price and depreciation value of existing fixed assets and the fluctuation of fixed assets, capital construction investment and asset repair at the unit.

Accounting for materials and tools:

a. Principle :

- Accounting for import and export of materials and tools must be recorded at actual specific prices.

- Related costs such as loading, unloading, and storage transfers are reflected directly in account 661 or 662.

- Accounting fully and promptly reflects the current quantity and circulation of goods and materials in terms of value.

- Check the implementation of the plan targets for purchasing goods and materials and using materials for production.

- Accounting organization suitable for inventory sales method provides service information for preparing Financial Reports and analyzing production and business activities.

b. Account used: Account 152

Use : Reflects the current quantity and price fluctuations of materials and tools in the unit's warehouse.

 Content and structure:

TK 152_ NLVL

_ Actual value of materials and labor in stock (purchased from outside, provided by superiors)

_ Surplus value of materials and supplies detected during inventory

_Actual value of raw materials and supplies in stock

_ Value of materials and supplies found missing during inventory

Balance: Actual value of remaining materials and supplies

in the unit's warehouse.

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 Accounting documents used.

- Warehouse receipt - Warehouse card - List

- Warehouse delivery note - General ledger account 152. Diagram

3.1. Accounting method for materials and tools

To account for raw materials, account 152

- “Raw materials”. Account 152 NLVL

111,112,3

VAT

3113

DC purchases are discounted trade, reduced

111,112,3

661,

VL –

511 (HCSN

3.2. Product and goods accounting method:

To account for products and goods, use account 155 - "Products and goods".

Product accounting method.

155 - products, goods.

631

Product warehousing, production completed.

111, 112, 331...

Purchased goods are subject to trade discounts, settlement discounts, and price reductions.

661, 662, 635

SP obtained from professional activities, testing... entered into warehouse.

111, 112,

312, 331

3113

531 (SN with income) 511 (Other HCSN)

Export products and goods

for sale

Goods purchased and stored in warehouse (according to 661, 662, 635, deduction method). 631, 241.

Exporting products and goods to warehouse. Goods purchased and brought into warehouse (according to use for HCSN activities,

direct method). project, for production and business, construction.

3337

3118

Import tax on goods must be paid by the product or goods detected.

pay the state budget. shortage when checking.

3331

Import VAT must be paid to the State budget (if not deductible).

631

Outsourced goods are completed and stored in warehouse.

331 (3118)

Excess goods detected during inventory.

3.5 Fixed Asset Accounting a Concept

Fixed assets are means of labor with a specific physical form, with an independent structure or a system consisting of many separate assets linked together to perform certain functional tasks (if one of the parts is missing, the whole system cannot operate). At the same time, fixed assets must satisfy two conditions: Fixed assets have a value of 5 million or more and have a usage time of more than one year.

* Intangible fixed assets are assets without a specific physical form, representing an amount of value invested, paid or spent to obtain economic benefits or resources whose value originates from the privileges or rights of the unit such as the value of the right to use, the value of the invention or patent.

 Tangible fixed assets are means of labor with physical form, meeting the standards of fixed assets in terms of value and usage time according to regulations in the financial management regime.

b. Accounting accounts used:

Account 211 - Tangible fixed assets Account 213 - Intangible fixed assets Uses :

+ Account 211 - Used to reflect the current value, fluctuations, and types of tangible fixed assets of the unit.