Concept: Selling Costs Are All Costs Incurred During The Process Of Consuming Products, Goods, Services Including:

DIAGRAM 1.10: ACCOUNTING DIAGRAM FOR COST OF GOODS SOLD (2)

155, 157 632 155, 157

(1) (2)

911

(3)

(4)

Note:

(1): Value of finished products and goods transferred from the beginning of the period. (2): Returned goods entered into the warehouse.

(3): Transfer of cost of goods sold.

(4): At the end of the period, transfer the cost of inventory.

1.4.2. Selling expenses

1.4.2.1. Concept: Selling costs are all costs incurred in the process of consuming products, goods and services, including:

Sales staff costs include: salaries paid to sales staff, packaging staff, shipping of goods to consumers, etc.

Cost of materials and packaging: Used for product packaging and preservation

product.

Cost of tools and supplies: Used for sales activities such as

measuring tools, tables and chairs,...

Fixed asset depreciation costs: In the product and goods preservation department, sales department such as: depreciation of warehouses, stores, means of transport, etc.

Warranty costs: Reflects the cost of selling products and goods (excluding construction and installation activities).

Outsourced service costs: Sales expenses include: warehouse rental, yard rental, loading and unloading, transporting goods, products for sale, etc.

Other cash costs: In addition to the above costs incurred in the sales process such as: electricity, water, advertising costs, sales promotions, agent commissions, etc.

1.4.2.2. Documents used: Employee costs: Salary payment table (02-LĐTL); timesheet (01A-LĐTL); list of deductions and payments according to salary (10-LĐTL); salary and social insurance allocation table (11-LĐTL).

Cost of materials and packaging: Warehouse delivery note (02-VT); inspection report of materials, tools and goods (03-VT).

Cost of tools and supplies: Warehouse delivery note (02-VT); tool and supply cost table (07-VT); invoice for purchasing tools and supplies.

Fixed asset depreciation costs: Fixed asset depreciation calculation and allocation table (06- Fixed assets); fixed asset handover and receipt minutes (01- Fixed assets).

Warranty costs: Product warranty card.

Cost of purchased services: VAT invoice (01 GTKT-3LL); invoice (02-GTTT3/001); payment voucher (02-TT).

Other expenses in cash: VAT invoice (01-GTKT-3LL); debit note; payment voucher (02-TT).

1.4.2.3. Account used: Account 641 "Sales costs" has 7 sub-accounts: Account 6411 "Employee costs"

Account 6412 "Cost of materials and packaging" Account 6413 "Cost of tools and equipment" Account 6414 "Cost of fixed assets depreciation" Account 6415 "Warranty costs"

Account 6417 "Outsourced service costs" Account 6418 "Other cash expenses"

Account 641 “Cost of sales”

- Actual costs incurred during the period.

- Sales expense reductions.

- Transfer selling expenses to account 911 "determining business results".

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(Account 641 has no ending balance)

1.4.2.4. Accounting method.

DIAGRAM 1.11: SALES COST ACCOUNTING DIAGRAM

111, 334, 338, 214, 152,.. 641 111, 112

(2)

(1)

(3)

911

Note:

(1): Collection of sales expenses incurred. (2): Sales expense reductions.

(3): Carry forward selling expenses.

1.4.3. Business management costs

1.4.3.1. Concept: Business management costs are all costs related to business management, administrative management and general management of the entire enterprise, including:

Management staff costs include: salaries, allowances, payable to the board of directors, department staff and salary deductions.

Management material costs: reflect the cost of materials used for business management such as architectural materials, means of transport, transmission equipment, etc.

Office supplies costs: reflect the costs of tools and office supplies used for management such as stationery, etc.

Depreciation costs of fixed assets: such as office buildings, warehouses, structures, etc. used in the office.

Taxes, fees and charges: Business license tax, real estate tax and other fees and charges

other.

Provision expenses: Provision for doubtful debts,…

Outsourcing service costs: Serve business management such as:

electricity, water, telephone, patents,…

Other cash expenses: In addition to the above expenses such as conference expenses, reception expenses, etc. under the general management of the enterprise.

1.4.3.2. Documents used.

Management staff costs: Salary payment table (02-LĐTL); timesheet (01A-LĐTL); list of deductions based on salary (10-LĐTL); salary and social insurance allocation table (11-LĐTL).

Management material costs: Warehouse delivery note (02-VT); VAT invoice (01GTGT-3LL); material, tool, and equipment allocation table (07-VT).

Office supplies costs: VAT invoice (01GTGT-3LL); material, tool, and equipment allocation table (07-VT).

Fixed asset depreciation costs: Fixed asset depreciation calculation and allocation table (06- Fixed assets); fixed asset handover and receipt minutes (01- Fixed assets).

Taxes, fees, charges: Payment voucher (02-TT); payment slip (C1-02/NS); tax declaration; fee and charge declaration (01/PHLP); tax and charge settlement declaration (02/PHLP).

Cost of purchased services: VAT invoice (01 GTKT-3LL); invoice (02-GTTT3/001); payment voucher (02-TT).

Other expenses in cash: VAT invoice (01-GTKT-3LL); debit note; payment voucher (02-TT).

1.4.3.3. Account used: Account 642 "Sales expenses" has 8 sub-accounts: Account 6421 "Management staff expenses"

Account 6422 "Management material costs" Account 6423 "Office supplies costs" Account 6424 "Fixed asset depreciation costs" Account 6425 "Taxes, fees and charges"

Account 6426 “Provision expenses”

Account 6427 "Outsourced service costs" Account 6428 "Other cash expenses"

Account 642 “Cost of goods sold”

- Actual business management costs incurred during the period.

- Provision for doubtful debts, provision for payables (the difference between the provision to be established this period is greater than the provision established in the previous period that has not been fully used).

- Unemployment benefit provision.

- Reversal of bad debt provision, payable provision (the difference between the provision to be established this period is less than the provision established in the previous period that has not been fully used).

- Transfer business management costs to account 911 "Determining business results".

(Account 642 has no ending balance)

1.4.3.4. Accounting method.

DIAGRAM 1.12: DIAGRAM OF OVERSEAS MANAGEMENT COST ACCOUNTING

111, 334, 338, 214, 156,.. 642 911

(1) (2)

Note:

(1): Collect actual sales costs incurred. (2): At the end of the period, transfer to account 911.

1.4.4. Financial operating costs

1.4.4.1. Concept: Financial operating expenses are expenses for investment activities outside the enterprise with the purpose of increasing income or losses arising from other financial and capital business activities.

1.4.4.2. Accounting principles.

Financial expenses must be recognized in accordance with the principle of matching between revenues and expenses. When the economic benefits expected to be obtained over several accounting periods are related to revenues that are indirectly determined, the related expenses are recognized on a systematic or proportional allocation basis.

An expense is recognized in the accounting period when it does not generate economic benefits in subsequent periods.

1.4.4.3. Documents used: List of interest expenses; Payment voucher (02-TT); Debt notice; Loan contract.

1.4.4.4. Account used: Account 635 "Financial operating expenses"

Account 635 "Financial activity expenses"

- Loan costs, interest on deferred purchases, interest on finance lease assets.

- Foreign currency sales loss.

- Payment discount for buyers.

- Losses from liquidation and sale of investments.

- Exchange rate loss arising during the period of business activities (Realized exchange rate loss).

- Unrealized exchange rate loss due to year-end revaluation.

- At the end of the accounting period, transfer all financial expenses incurred during the period to determine business results.

(Account 635 has no ending balance)

1.4.4.5. Accounting method.

DIAGRAM 1.13: FINANCIAL COST ACCOUNTING DIAGRAM

111, 112, 121,.. 635 911

(1) (2)

Note:

(1): Collection of expenses incurred to financial expenses. (2): At the end of the period, transfer to account 911.

1.4.5. Other costs

1.4.5.1. Concept: Other expenses are expenses arising from events or operations separate from the normal operations of enterprises. Other expenses of enterprises include: Liquidation and sale costs of fixed assets

and the remaining value of liquidated and sold fixed assets (if any); Fines for violating economic contracts; Tax fines, tax arrears; other expenses.

1.4.5.2. Accounting principles: Other expenses recorded in the accounting books must have a record of the handling council, and must be signed and approved by the director and chief accountant of the enterprise.

1.4.5.3. Documents used: Fixed asset liquidation record (02-TSCD), VAT invoice (01 GTKT-3LL), payment voucher (02-TT), fixed asset handover record (01-TSCD).

1.4.5.4. Account used: Account 811 "Other expenses"

Account 811 "Other expenses"

- Other expenses incurred

- At the end of the period, transfer other expenses incurred during the period to account 911 "Determining business results"

(Account 811 has no ending balance)

1.4.5.5. Accounting method.

DIAGRAM 1.14: OTHER COST ACCOUNTING DIAGRAM

111, 112, 131, 211, 214,... 811 911

(1) (2)

Note:

(1): Collection of costs incurred to other costs. (2): At the end of the period, transfer other costs during the period.

1.4.6. Corporate income tax expense

1.4.6.1. Current corporate income tax.

1.4.6.1.1. Concept: Is the amount of income tax payable in a period on the total taxable income in the current period, increasing the current income tax expense of that period.

Calculation formula:

Taxable income for the year

Corporate income tax = current

x Corporate income tax rate according to regulations

current regulations.

1.4.6.1.2. Accounting principles: Other income recorded in the accounting books must have a record of the processing council and be approved by the head and chief accountant of the unit.

1.4.6.1.3. Documents used: Self-declaration of corporate income tax (03/TNDN), tax finalization declaration, temporary payment of corporate income tax declaration, VAT declaration (01/GTGT), payment authorization.

1.4.6.1.4. Account used: Account 8211 “Current corporate income tax expense”

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Account 8211 “Current corporate income tax expense”

- Corporate income tax expenses incurred during

period

- The difference between the provisional corporate income tax paid and the amount payable.

- The actual current corporate income tax payable in the year is less than the provisional corporate income tax payable deducted from the current corporate income tax expense recorded in the year.

- Transfer current corporate income tax expenses to the Debit side of account 911 "Determining business results".

(Account 8211 has no ending balance)

1.4.6.1.5. Accounting method.

DIAGRAM 1.15: CURRENT CORPORATE INCOME TAX COST ACCOUNTING DIAGRAM

333 (3334) 8211 911

(1) (2)

(3)

Note:

(1): Current corporate income tax payable during the period. (2): At the end of the period, carry forward corporate income tax expense.