Accounting for public service units Part 2

other

D. Units with career revenues and other revenues

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Accounting for Determining Business Results of Sales and Service Provision Activities

1- When collecting money from career income and other income

Other revenue of financial regime, accounting records: Debit account 111, 112

Credit account 511 (5118) - Other income

2- For revenues considered provisional, when collecting money, the accountant records:

Debit account 111, 112

Credit account 311 (3118) - Receivables (other receivables)

+ When determining the amount of money that the subjects must officially pay, record: Debit account 311 (3118) - Receivables (other revenues)

Credit account 511 (5118) - Other income

+ In case of overpayment, the fund will be withdrawn to return:

Debit account 311 (3118) - Receivables (other receivables) Credit account 111 - Cash

+ In case of underpayment, additional collection is required, record: Debit account 111 - Cash

Credit account 311 (3118) - Receivables (other receivables)

3- When direct expenses arise for career activities and other activities according to the financial regime (if any), the accountant records:

Debit account 511 (5118) - Other income Credit account 111, 112

4- At the end of the period, transfer the difference between revenue and expenditure of career activities and other activities according to the provisions of the financial regime to the relevant accounts, the accountant records:

Debit account 511 (5118) - Other income

There are accounts 333, 342, 461, 431, 421 (4218)

E. Accounting for liquidation and sale of fixed assets

1- For fixed assets provided by the budget or of budget origin

1.1. Record decrease in liquidated and sold fixed assets: Debit account 214 - Depreciation of fixed assets

Debit account 466 - Funding sources for forming fixed assets Credit account 211, 213

1.2. Expenses for liquidation and sale of fixed assets arise, accountants record: Debit account 511 (5118) - Other income

There are accounts 111, 112, 331...

1.3. Revenue from liquidation and sale of fixed assets, accountants record: Debit accounts 111, 112, 152

Credit account 511 (5118) - Other income

1.4. Transferring the difference between revenue and expenditure on liquidation and sale of fixed assets according to the provisions of the financial regime to related accounts, the accountant records:

Debit account 511 (5118) - Other income

There are accounts 333, 342, 461, 431 (4314)

1.5. Transferring the difference between revenue and expenditure on liquidation and sale of fixed assets according to the provisions of the financial regime to related accounts, the accountant records:

Debit account 661, 662

Credit account 511 (5118) - Other income

2- For fixed assets from loan capital or business capital

2.1. Record decrease in liquidated and sold fixed assets: Debit account 214 - Depreciation of fixed assets

Debit account 511 (5118) - Remaining original price Credit account 211, 213 - Original price of fixed assets

2.2. Expenses for liquidation and sale of fixed assets arise, record: Debit account 511 (5118) - Other revenues

Debit account 311 (3113) - Deductible VAT (if any) Credit accounts 111, 112, 331...

2.3. Revenue from liquidation and sale of fixed assets, recorded as: Debit accounts 111, 112, 152, 311

Credit account 511 (5118) - Other income

Credit account 333 (3331) - VAT payable (if any)

2.4. Transfer the difference between revenue > expenditure on liquidation and sale of fixed assets, record:

Debit account 511 (5118) - Other income

Credit account 421 (4212) - Difference between revenue and expenditure of production and business activities

2.5. Transfer the difference between revenue and expenditure on liquidation and sale of fixed assets, record:

Debit account 421 (4212) - Difference between revenue and expenditure of production and business activities Credit account 511 (5118) - Other revenue

F. Accounting for revenues on the remaining value of fixed assets (from the State budget) and construction works, in use, discovered to be in shortage, awaiting processing

1- When CCDC in use is found to be missing during inventory, record: Credit account 005 - Durable tools in use

+ Also reflects the remaining value pending processing:

Debit account 311 (3118) - Receivables (other receivables) Credit account 511 (5118) - Other revenues

2- When discovering that fixed assets from the State budget are missing or lost, record:

+ Reduce fixed assets

Debit account 214 - Depreciation of fixed assets

Debit account 466 - Remaining original cost Credit account 211 - Original cost of fixed assets

+ Also reflects the remaining value pending processing:

Debit account 311 (3118) - Receivables (other receivables) Credit account 511 (5118) - Other revenues

3- When recovering compensation according to the decision, record: Debit account 111, 112

Credit account 311 (3118) - Receivables (other receivables) 4- If the decision allows the deletion of the damage amount, record:

Debit account 511 (5118) - Other income

Credit account 311 (3118) - Receivables (other receivables) 5- When transferring compensation for lost or missing assets that have been handled

into related accounts according to the provisions of the financial mechanism, record: Debit account 511 (5118) - Other income

There are accounts 461, 333...

G. Accounting for liquidation of unused raw materials, supplies, and fixed assets

use

1- For raw materials and materials, CCDC has settled from the

Last year, when leaving the warehouse, record:

Debit account 337 (3371) - Settled expenses transferred to next year

(VL, CCDC)

Credit account 152 - Raw materials, materials Credit account 153 - Tools, instruments

2- For raw materials, materials, and fixed assets from this year's budget or from business capital, when taking them out of the warehouse for sale, record:

Debit account 511 (5118) - Other income Credit account 152, 153

3- Reflecting the expenses for liquidation and sale of raw materials, materials, and fixed assets, record:

Debit account 511 (5118) - Other income Credit account 111, 112...

4- Reflects revenue from liquidation of raw materials, materials, and fixed assets sold,

take note:

Debit accounts 111, 112, 311

Credit account 511 (5118) - Other income

Credit account 333 (3331) - VAT payable (if any)

5- Transfer of difference between revenue and expenditure on liquidation and sale

Raw materials, materials, and equipment according to financial regulations into related accounts, accountants record:

Debit account 511 (5118) - Other income

There are accounts 333, 342, 461, 431 (4314)

6- Transfer the difference between revenue and expenditure on liquidation and sale of raw materials, supplies, and fixed assets according to financial regime regulations to related accounts, accountants record:

Debit account 661, 662

Credit account 511 (5118) - Other income

Diagram 3.1: General accounting of career revenues

111, 112

511 - Revenues

- Fees and charges

111, 112, 311

Direct expenses for career activities and other activities

- Loan interest income

- Liquidation and sale of fixed assets

635 3331

Actual cost according to the State's regulations when paid

VAT (if applicable)

333 465

Fees and charges payable to the state budget

The value of the volume according to the contract of the State is accepted according to the payment price.

521, 461, 421, 342…

- Number left in the unit but not enough procedures to record revenue/expenditure of the State

- The amount left to be spent at the unit has completed the procedures for recording revenue/expenditure of the State budget.

- Transfer the difference between revenue and expenditure according to the General Meeting of Shareholders

- Fees and charges payable to superiors

661, 662

Transfer of difference between expenditure and revenue due to liquidation and sale according to decision of competent authority

421

Carry forward the difference between expenses and revenues due to liquidation and sale of business entities

H. Accounting for unbudgeted revenue

1. Fees and charges

1.1. When fees and charges arise, record: Debit accounts 111, 112

Credit account 511 (5111) - Fees and charges

1.2. The amount of fees and charges collected by the State to be left to the unit to cover the costs of collecting fees and charges, recorded as follows:

Debit account 511 (5111) - Fees and charges

Credit account 461 - Operating funds

1.3. Determine the amount of fees and charges collected during the period that must be paid to the State budget and are left for use when there are documents recording State budget revenues and expenditures.

Debit account 511 (5111) - Fees and charges

Credit account 461 - Operating funds

1.4. At the end of the accounting period, determine the amount of fees and charges collected during the period that must be paid to the State budget and are left for use but do not yet have documents to record State budget revenues and expenditures.

Debit account 511 (5111) - Fees and charges

Credit account 521 - Revenue not yet passed through the budget

1.5. In the next accounting period, when the collected fees and charges that must be paid to the State budget are left for use, there are documents recording State budget revenues and expenditures.

Debit account 521 - Revenue not yet passed through the budget

Credit account 461 - Operating funds

2. Receiving goods and aid money

2.1. When receiving aid money and goods but there are no receipts or expenditures, record:

Debit accounts 111, 112, 152, 153, 211, 241, 331, 661, 662...

Credit account 521 (5212) - Revenue not yet passed through the budget

(money, aid)

- In case of receiving fixed assets, simultaneously record: Debit account 661 - Operating expenses

Debit account 662 - Project expenses

Credit account 466 - Funding sources for forming fixed assets

- When the unit has documents recording state budget revenue and expenditure for goods and aid money, record:

Debit account 521 (5212) - Revenue not yet passed through the budget (money, aid goods) Credit accounts 461, 462, 441