* Structure and content of TK 338
- Debit side: Transfer excess VAT to related accounts according to the viewpoint recorded in the processing minutes.
+ Social insurance must be paid to employees
+ KPCD paid by unit
+ Social insurance, health insurance, and trade union fees paid for social insurance, health insurance, and trade union fund management costs.
+ Transfer unrealized revenue to account 511 in 515 (interest, royalties, dividends and shared profits)
+ Reflects the exchange rate difference of the list in the period and revaluation of foreign currency items of completed basic construction investment activities into financial revenue in the period.
- Other payables
+ Credit side: Value of surplus assets awaiting processing (no one has received them yet)
+ The value of surplus assets must be paid to individuals and groups inside and outside the unit according to the decision recorded in the handling minutes for immediate use by the recipient.
+ Deduct social insurance, health insurance, and union funds into the enterprise's production and business shares.
+ Social insurance and health insurance deducted from employee's salary
+ Payments to employees for housing, electricity, water, and employee housing units.
+ Social insurance and trade union fees in excess of expenditure will be compensated
+ Record unrealized revenue arising during the period.
+ Reflects the exchange rate difference arising and revaluation of foreign currency items in basic construction investment activities upon completion of investment to gradually allocate to financial revenue.
- Other payables
+ End of month balance on the credit side: Amount still payable, Social Insurance, Health Insurance, and Trade Union Fees that have been deducted but not yet paid to the management agency in the amount left for the unit that has not been fully spent.
+ Value of assets discovered in excess awaiting processing
Unearned revenue at the end of the accounting period.
+ Exchange rate differences arising and revaluation of foreign currency items of capital construction investment activities. Upon completion, the investment has not been processed at the time of preparing the balance sheet at the end of the fiscal year.
* Note: Account 338 may have a debit balance reflecting other paid amounts that is larger than other payable amounts.
- Account 338 has 6 Level 2 accounts:
+ Account 338.1: Surplus assets awaiting disposal
+ Account 338.2: Consolidated income
+ Account 338.3: Social insurance
+ Account 338.4: Health insurance
+ Account 338.7: Unrealized revenue
+ Account 338.8: Other payables and receivables Accounting level of account 338
1. Deduct social insurance, health insurance, and union fees from production and business expenses
Debit account 622
Debit account 627
Debit account 641
Debit account 241
Have account 338
2. Social insurance and health insurance deducted from employees' salaries
Debit account 334
Have account 338
3. Union fee spending at the enterprise
Debit account 338
Have account 111, 112
4. Social insurance overspending is compensated
Debit account 111, 112
Have account 338
5. Social insurance paid to employees
Debit account 338
Have account 334
Accounting diagram for salary deductions
Pay social insurance, health insurance,
Account 334 Account 338 Account 622, 627, 641,
Salary deduction,
Social insurance, health insurance, and union contributions
Account 111, 112
Account 335
The actual NP TL must
TK 111,
KPCĐ exceeds expenditure
Chapter II:
The reality of payroll accounting
and salary deductions at Viet Anh Company Limited
2.1 General introduction of Trinh Viet Anh Company Limited
2.1.1. Formation and development process
Viet Anh Company Limited is located at the main office at 37 Bui Ngoc Duong Street - Hai Ba Trung District - Hanoi.
Trinh Viet Anh Company Limited is a private enterprise. Currently, the enterprise is allowed to set up its headquarters at 37 Bui Ngoc Duong - Hai Ba Trung District - Hanoi.
As a small-scale enterprise, Trinh Viet Anh Company Limited has planned to increase its administrative apparatus and staff from 125 to 135 people, including 30 engineers, 25 intermediate, 40 technical workers and 45 rank-and-file workers.
Table 1: Indicators of Anh Ngoc Company Limited
STT
Target | 2004 | 2005 | 2006 | |
1 | Revenue | 7,100,000,000 | 7,263,000,000 | 7,539,000,000 |
2 | Profit | 720,000,000 | 735,000,000 | 800,000,000 |
3 | Total budget payment | 2,880,000,000 | 2,940,000,000 | 3,200,000,000 |
4 | Total number of workers | 285 | 314 | 330 |
5 | Average income | 7,158,000 | 7,188,000 | 8,320,000 |
6 | Original price of fixed assets | 8,715,000,000 | 9,777,000,000 | 11,835,600,000 |
7 | Total business capital | 9,050,000,000 | 10,000,000,000 | 12,000,000,000 |
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after:
Through the table above, we evaluate the investment situation and business capital structure of the Company as follows:
1,860,000,000
12,000,000,000
a) Debt ratio and self-financing ratio are as follows:
Debt ratio
Liabilities
= = Capital
= 15.5%
Rate
Equity
= =
10. 140,000,000
84.5%
=
Self-funded
Capital 12,000,000,000
The Company's financial situation is good, the Company has a lot of equity capital and is highly independent from creditors.
b) Investment rate:
Fixed assets
Investment Rate =
Total assets
9,777,000,000
+ Beginning of the year =
10,000,000,000
= 0.9777
11,835,600,000
+ End of year =
12,000,000,000
= 0.9863
The Company's investment rate at the beginning of the year compared to the end of the year is lower. This shows that the Company is interested in investing in fixed assets at the end of the year.
Fixed Asset Self-Financing Ratio
Equity
=
Fixed Asset Value
8,260,000,000
+ Beginning of the year =
9,777,000,000
= 0.8442
10,140,000,000
+ End of year =
11,835,600,000
= 0.8567
The Company's fixed asset self-financing ratio is increasingly high. This demonstrates the Company's ability to develop sustainably.
c) Profitability
Return on Sales
Profit after tax
=
Net revenue
800,000,000
=
7,539,000,000
x 100% = 10.61%
So for every 100 VND of revenue we get 10.61 VND of profit.
- Asset turnover ratio
Net revenue
=
∑Average usage
7,539,000,000
=
(10,000,000,000 +12,000,000,000)/2
= 0.685
- Profit margin on
Profit after tax
Net revenue
capital employed
= x
Net revenue ∑ Average assets used
800,000,000
=
7,539,000,000
x
= 0.0727
7,539,000,000 11,000,000,000
Thus, every 100 VND of average operating capital during the period will bring 7.27 VND of profit after tax, the larger the target, the more effective and increasing the capital.
2.1.2. Characteristics of production and business organization and management apparatus organization
2.1.2.1. Organization of the Company's production and business apparatus.
Trinh Viet Anh Company Limited is a private enterprise with full legal status, independent accounting and operating in accordance with State regulations.
The company divides production departments into production teams and clusters.
The production team consists of 6 people whose duties and functions are to advise the Director on key areas. Organize the repair and installation of machinery and equipment, supply materials and spare parts, and ensure the safety of machinery and equipment to serve production work well.
The clusters include: 6 clusters, with the function and task of organizing and directing the implementation of the Company's tasks within the cluster area. The cluster leader is authorized by the Director to manage the staff, workers and employees, in the process of implementing the Company's tasks within the cluster area under his/her responsibility, assisting the cluster leader, deputy cluster leader and technical staff.
* Company products:
The company has the following production process:
Dosage
Put in the oven
Create product
Complete
The Company's product manufacturing technology process is simple and closed, without dividing into stages, so the cost calculation object is the cost aggregation object.