* Method of accounting for business revenue
Account 911
Account 515 Account 111,112
Interest on deposits, interest on foreign currency sales
Payment discount enjoyed
TK121,128...
Short-term and long-term investment returns
Carryover
financial revenue
TK221,222...
Dividends and profits used for continued investment
TK331
Early payment discount
TK413
Carry forward of exchange rate difference profit
Diagram 1.6: Sequence diagram of accounting for financial activity revenue
Account 635 – Financial operating expenses
This account reflects financial operating expenses including expenses or losses related to financial investment activities, lending and borrowing costs, losses from foreign exchange rate differences and foreign currency sales, expenses for setting up provisions for devaluation of securities investments, etc.
Account structure:
Debit account 635 Credit
Collection of actual financial operating expenses incurred during the period
At the end of the period, transfer all financial expenses and losses incurred during the period to determine business results |
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Account 635 has no ending balance.
* Financial cost accounting method
Account 111,112,242,335
Account 635
Account 911
Pay interest on loans, allocate interest on purchases
installment
Account 121,221
Investment loss
Account 111, 112
Financial expense transfer
Proceeds from Joint Venture Expenses of Associate Investment
Account 111(2), 112(2)
Sell foreign currency
Foreign exchange loss
Diagram 1.7: Sequence diagram of financial cost accounting
1.7. Accounting content of income, expenses and other activities
* Documents used:
+ Receipt, payment voucher
+ VAT invoice
+ Minutes of handover, liquidation, and sale of fixed assets
+ Tax payment receipts, fines and other related documents
* Account used
Account 711 – Other income
This account is used to reflect revenues that the enterprise cannot anticipate or that are not regular in nature such as: revenues from the sale of fixed assets, fines due to customers violating contracts, bad debts, taxes refunded by the State budget, etc.
Account structure:
Debit account 711 - Other income Credit
VAT payable (if any) on other income
Carry forward income
other to account 911 - determine business results
Other actual income generated |
Account 711 has no ending balance.
Accounting method
Account 911
Account 711
Account 111,112,131
Income from liquidation and sale of fixed assets
Account 3331
Output VAT
TK111,112
Other income transfer
Other income in cash such as collection of money
penalty for breach of contract
TK331,338
Collecting debts of unknown owners
TK152,156
Sponsored, donated, donated materials, goods
fixed assets
Diagram 1.8: Sequence diagram for accounting for other operating income
Account 811 – Other expenses:
This account is used to reflect expenses that occur irregularly, separate from the normal operations of the business, losses caused by events or transactions separate from the normal operations of the business, and can also be expenses that were omitted from previous years. Other expenses 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...
Account structure:
Debit account 811 – Other expenses Credit
Other expenses incurred during the period
At the end of the period, transfer all other expenses in the period to account 911 - determine the result. business results |
Account 811 has no ending balance.
Accounting method
Account 211, 213
Account 811
Account 214 Account 911
Original value of remaining value of fixed assets when liquidated or sold
Account 111,112
Fines for violations
economic contract or violation of law
Carry over other expenses
Account 111,112
Costs incurred when liquidating and selling fixed assets
TK 133
VAT (if applicable)
Diagram 1.9: Sequence diagram of accounting for other operating costs
1.8. Summarize revenue, expenses and determine the business results of the entire enterprise
* Documents used:
+ Accounting voucher
+ Decision to handle losses from previous years
+ Decision on setting up funds in the enterprise
+ Minutes and contracts on profit sharing
+ Other relevant documents
* Account used
Account 821 – Current corporate income tax expense
This account is used to reflect current corporate income tax expenses and deferred corporate income tax expenses arising during the year as the basis for determining the business results of the enterprise in the current fiscal year.
Account structure 821:
Debit account 821 - Current corporate income tax expense Credit
Corporate income tax payable is calculated into current corporate income tax expense arising in the year.
Corporate income tax of the years
additional payment due to discovered errors
Transfer current corporate income tax expense to the debit side of account 911 – determine business results |
Account 821 has no ending balance.
Account 911 – Determining business results
This account is used to determine and reflect the business performance and other activities of an enterprise in an accounting period.
Account structure:
Debit account 911 - determine business results Credit
Carry over cost of goods sold, financial expenses, selling expenses, administrative expenses, other expenses
Interest carryforward
Total Net Sales Revenue during the period. Total net revenue from financial activities and other activities Carryover Loss |
Account 911 has no ending balance.
Account 421: Undistributed profit after tax
This account is used to reflect the business results (profit, loss) after corporate income tax and the situation of profit distribution or loss handling of the enterprise.
Account structure
Debit account 421 - Undistributed profit after tax Credit
Losses in business operations of the enterprise
Provision for enterprise funds
Dividends and profits to owners
Additional capital investment of CSH
Actual profit from business operations during the period Handling of operating losses |
Level 2 Account:
+ Account 4211: Undistributed profits of previous year
+ Account 4212: Undistributed profits of this year
* Accounting method
Carry over insurance costs,
Carry over cost of goods sold
Sales revenue transfer and
provide service
TK641,642
TK515
Carry forward cost of sales
and QLDN
Carry forward of operating revenue
main
TK635,811
TK711
Other income transfer
Financial expense transfer
Other costs
Account 632
Account 911
QLDN
Account 511
talent
TK821
TK421
Tax expense transfer
Loss carryover
Corporate Income Tax
Interest carryforward
Diagram 1.10: Sequence diagram for accounting for revenue, expenses and determining the business results of the entire enterprise