Documents used:
Accounting voucher
User account :
Account 911 "Determining business results": Used to determine and reflect the results of business activities and other activities of the enterprise in an accounting period.
Account 421 “Undistributed profits”: Used to reflect business results after corporate income tax and the situation of profit distribution or loss handling of the enterprise.
TK421 has 2 sub-accounts:
- Account 4211: Undistributed profits of previous year.
- Account 4212: Undistributed profits of this year.
Account structure:
Debit account 911 Credit
- Capital value of products, goods, investment real estate and services sold;
- Financial operating expenses, corporate income tax expenses and other expenses;
- Business management costs;
- Interest transfer.
- Net revenue from products, goods, investment real estate and services sold during the period; - Financial income, other income and deductions from corporate income expenses; - Carry forward loss. | |
Total debt incurred | Total generated has |
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Account 911 has no balance.
In debt
Account 421 | Have | |
-Losses in business operations | -Actual profit of the operation | |
business | business activities during the period. | |
-Setting up funds in the enterprise. | -The number of holes submitted by subordinates, the number of holes | |
-Distribute dividends and profits to shareholders, | of subordinates are compensated by superiors. | |
investors, parties contributing capital. | -Handling operating losses | |
-Additional business capital. | business. | |
-Submit profits to superiors. | ||
Total Debt Incurrence
Total generated Yes | |
Profit after tax | |
Unresolved operating losses | undistributed or unused |
Accounting method:
T K632,642,811 TK911 T k511,515,711
Cost transfer
Carryover of revenue and other income
Tk821
Carry forward corporate income tax expense
Tk421
Tk421
Interest carryforward
business activities during the period
Loss carryover
business activities during the period
Figure 1.12: Accounting determines business results
1.3. Characteristics of accounting for revenue, expenses and business performance according to accounting forms in enterprises
According to Clause 1, Appendix 4 of Circular No. 133/2016/TT-BTC dated August 26, 2016 of the Ministry of Finance (replacing Decision 48/2006), accounting book forms include the following forms:
General Journal accounting form
Accounting form Journal - ledger
Accounting form: Bookkeeping vouchers
Computerized accounting form
1.3.1. General Journal Form
In this form of book, all economic transactions arising in chronological order are reflected in the General Journal, then data from the General Journal will be used to enter the general ledger.
In addition to the General Journal to reflect economic transactions arising over time, people can also open a special journal to reflect objects with a large number of transactions arising regularly to reduce the volume.
The General Journal accounting form includes the following main types of books:
– General Journal, Special Journal;
– General Ledger; Detailed accounting books and cards.
Accounting documents
Detail book
Special diary
General Journal
Ledger TK511,515,632,…
Detailed summary table
Balance sheet of arising numbers
FINANCIAL REPORT
Note : Record daily
Record weekly, monthly, or periodically Reconciliation
Diagram 1.13: Sequence diagram for recording revenue, expenses and determining business results in the form of General Journal accounting
1.3.2. Journal – Ledger Form
According to this book form, all economic transactions arising over time are reflected on the same few pages of the Journal - Ledger. This is the only summary book. All the account transactions that the business uses will be
reflected in the General Journal. Each voucher will be reflected in a line in the Journal - Ledger. The basis for recording in the Journal - Ledger is the accounting vouchers or the Summary of accounting vouchers of the same type.
The Journal-Ledger accounting form includes the following main types of books:
- Journal - Ledger; Detailed accounting books and cards.
Accounting documents
Cash book
Summary of documents
same type accounting
Detailed accounting books and cards
Account 511, 632, ...
Journal - Ledger (TK511, 632,…)
Detailed summary table
Financial report
Note : Record daily
Record weekly, monthly, or periodically Reconciliation
Diagram 1.14: Sequence diagram for recording revenue, expenses and determining business results in the form of General Ledger Journal accounting
1.3.3. Characteristics of accounting for payments in the form of accounting vouchers
- Accounting vouchers are prepared by accountants based on each accounting voucher or a summary table of accounting vouchers of the same type and with the same economic content.
- Accounting vouchers are numbered consecutively for each month or year (according to the serial number in the Accounting Voucher Register) and have attached accounting vouchers, which must be approved by the chief accountant before being recorded in the accounting books.
Accounting forms of Bookkeeping vouchers include the following main types of books: Bookkeeping vouchers; Bookkeeping voucher register; General ledger; Detailed accounting books and cards.
Accounting documents
Summary table of accounting documents of the same type
Detailed accounting books and cards account 511, 632, ...
Register of accounting vouchers
BOOK RECORDING DOCUMENTS
Ledger account 511, 632, ...
Detailed summary table
SPS balance sheet
FINANCIAL REPORT
Note : Record daily
Record weekly, monthly, or periodically Reconciliation
Diagram 1.15: Sequence diagram of revenue and expense accounting and determining business results according to the accounting form of Bookkeeping vouchers
1.3.4. Characteristics of payment accounting in the form of computerized accounting
804K
The basic feature of Computerized Accounting is that accounting work is performed according to a computerized accounting software program. Accounting software is designed according to the principles of one of the four accounting forms or a combination of the accounting forms specified above. Accounting software does not fully display the accounting bookkeeping process, but must be able to print complete accounting books and financial reports according to regulations.
Nguyen Thi
ACCOUNTING DOCUMENTS
Hai Anh_QT1
ACCOUNTING SOFTWARE
ACCOUNTING BOOKS
- General ledger
Page 29
511, 632..
- Detailed books of accounts 511, 632,....
Note : Record daily
Record weekly, monthly, or periodically Reconciliation
Diagram 1.16: Sequence diagram for recording revenue and expense accounting and determining business results using computerized accounting
CHAPTER 2
CURRENT STATUS OF ACCOUNTING FOR REVENUE, EXPENSES AND DETERMINATION OF BUSINESS RESULTS AT PHAT COMPANY LIMITED
SUNFLOWER TOURISM EXHIBITION AND SERVICES.
2.1 General overview of the company Huong Duong Tourism Development and Service Company Limited
2.1.1. The formation and development process of Huong Duong Tourism Development and Service Company Limited
Huong Duong Tourism Development and Service Company Limited is a specialized company headquartered at No. 8B Le 22 Le Hong Phong, Dong Khe Ward, Ngo Quyen District - Hai Phong.
Company name: Huong Duong Tourism Development and Service Company
Date of establishment: 12-03-2007 Tax code: 0200731981 Charter capital: 6,000,000,000
Since its establishment in 2007 until now, the company has encountered many difficulties in the first years of operation, but with the efforts of the Board of Directors to come up with the right strategies and directions, the company has gradually developed and affirmed itself on its own path.
Company specializing in restaurants and mobile food services
2.1.2. Advantages and disadvantages of the company during operation
During the operation, the company has many advantages but also encounters many difficulties.
- Favorable:
+ A team of experienced staff, always striving for work, with a high sense of responsibility.
+ Currently, Huong Duong Tourism Development and Service Company is one of the leading tourism businesses in Hai Phong, with a system of close cooperation with more than 15 other companies and travel agents.