2.2.4.2. General accounting of business management costs:
Account used:
Account 642 Business management expenses
This account is used to reflect the general expenses of the enterprise. Structure and content of account 642:
+ Debit side: Actual business management costs incurred during the period.
+ Credit side: - Reductions in business management costs
- Transfer business management expenses to account 911.
This account has no balance.
Summary of business management costs incurred in May 2010.
Debit account 642: 280,285,287
Credit account 111: 185,485,071
Credit account 112: 15,336,575
Credit account 334: 65,330,641
Credit account 214: 14,133,000
Diagram 22 : Accounting for business management costs:
Account 111 Account 642 Account 911
185,485,071
Account 112
15,336,575
280.285.287
Account 334
65,330,641
Account 214
14,133,000
2.2.5. Financial cost accounting
2.2.5.1. Detailed accounting of financial operating costs.
Accounting documents and books used
- Document :
+ Loan interest payment notice
+ Other relevant documents (if any)
-Books :
+ NKC book
+ Ledger account 635
+ Other related books ….
Accounting process:
When financial expense transactions arise, the accounting records: Debit account 635: Interest expense, joint venture and association expenses...
Credit account 131,111,112,331: Interest expense, joint venture and association expenses.
2.2.5.2. General accounting Financial activity expenses: Account used: Account 635 - "Financial activity expenses" Content and structure of Account 635:
Account 635 “Financial expenses”
- Financial operating expenses.
- Losses from liquidation of short-term investments.
- Actual foreign exchange rate differences losses.
- Losses incurred when selling foreign currency.
- Provision for depreciation of securities investment
- Reversal of provision for devaluation of securities investment. - At the end of the accounting period, transfer all financial expenses and losses incurred during the period to determine business results. | |
Total Debt Incurrence | Total generated Yes |
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This account has no opening or closing balance.
At the end of the month, summarize and transfer financial costs into the results of production and business activities.
business
202,340,478
Account 635 Account 911
Xuan Truong Hai Transport and Trading Joint Stock Company
GENERAL LOG
Year 2010
Unit: VND
STT
Document | Interpretation | Account number application | Amount | |||
Number | NT | In debt | Have | |||
SPS May | ||||||
| ||||||
309 | GBN22 | 10/05/2010 | Interest payment Ngo Quyen Bank | 635 | 1121B | 2,288,521 |
417 | 00683 | May 30, 2010 | VAT-company Binh Dung Trading Co., Ltd. | 131 | 3331 | 14,761,416 |
418 | 00684 | May 30, 2010 | Oil Fees-Ltd TM Binh Dung | 131 | 138 | 5,758,000 |
| ||||||
427 | GBN36 | May 25, 2010 | Pay interest on Ngo Bank Rights | 635 | 1121B | 200,051,957 |
428 | 00883 | 05/31/10 | DO Oil Joint Stock Company Thai Ninh Trading and Service | 131 | 5111 | 42,133,358 |
429 | 00883 | 05/31/10 | VAT 00883 TM & Thai Ninh Service | 131 | 3331 | 4,213,336 |
430 | 00883 | 05/31/10 | Company Oil Fees Thai Ninh Trading and Service JSC | 131 | 138 | 1,643,500 |
433 | GBC38 | May 31, 2010 | Bank pays interest Send - Ngo Quyen Bank | 112B | 515 | 3,800 |
434 | 00888 | 05/31/10 | DO Oil Joint Stock Company Nam Phuong Trading and Service | 131 | 5111 | 56,361,537 |
435 | 00888 | 05/31/10 | VAT00888 Nam Trading and Service Joint Stock Company Direction | 131 | 3331 | 5,636,154 |
436 | 00888 | 05/31/10 | Company Oil Fees Nam Phuong Trading and Service Joint Stock Company | 131 | 138 | 2,198,500 |
483 | PX 23 | 05/31/10 | Cost price 20W50 | 6321 | 156 | 2,568,800 |
676 | PKT | 05/31/10 | KC DTVC on business results | 5112 | 911 | 4,846,519,138 |
677 | PKT | 05/31/10 | KC DTTM on business results | 5113 | 911 | 362,270,888 |
678 | PKT | 05/31/10 | KC DT HĐTC | 515 | 911 | 1,561,593 |
679 | PKT | 05/31/10 | KC CPSX About cost of goods sold | 6322 | 154 | 4,894,402,475 |
680 | PKT | 05/31/10 | Construction cost of KC Business results | 911 | 6321 | 6,337,981,067 |
681
PKT | 05/31/10 | KC VC capital price about business results | 911 | 6322 | 4,894,402,475 | |
682 | PKT | May 31, 2010 | KC interest on business results | 911 | 635 | 202,340,478 |
683 | PKT | 05/31/10 | KC profit on corporate income tax | 911 | 421.2 | 56,754,586 |
Add | 101.254.472.087 |
Accountant
(Sign and print full name)
May 31, 2010 Manager (Sign and print full name) |
Xuan Truong Hai Transport and Trading Joint Stock Company
LEDGER
Account number: 635
Account Name: Financial Expenses
Year 2010
Unit: Dong
STT
Document | Interpretation | Corresponding account number | Amount | |||
Number | Day month | In debt | Have | |||
Opening balance | ||||||
SPS May | ||||||
309 | GBN22 | 10/05/2010 | Pay interest Ngo Quyen store | 1121B | 2,288,521 | |
427 | GBN36 | May 25, 2010 | Pay interest on Ngo Bank Rights | 1121B | 200,051,957 | |
682 | PKT | May 31, 2010 | KC interest on loan Business results | 911 | 202,340,478 | |
Add | 202,340,478 | 202,340,478 | ||||
Closing balance | ||||||
Accountant
(Sign and print full name)
May 31, 2010 Manager (Sign and print full name) |
2.2.6. Accounting determines business results.
2.2.6.1. Detailed accounting of production and business performance results.
- Accounting principles.
After an accounting period, it is necessary to determine the results of business activities during the period with accuracy and timeliness. Pay attention to the matching principle when recording between revenue and expenses incurred during the accounting period.
Account 911 must fully and accurately reflect the business performance results of the accounting period in accordance with the provisions of the financial management regime.
The revenues and income transferred to this account are net revenues and net income.
- Method of determining business results.
At the end of each quarter, the general accountant makes the transfer entries of the related accounts on the accounting vouchers (PKT). Based on the PKTs, a detailed book is created to determine the company's business performance.
Business performance is determined as follows:
Business results = Net revenue – Cost of goods sold + Financial results + OTHER PROFITS
provide service
DTT on sales and= | Sales revenue and provide service | - | Deductions revenue |
In there :
- Revenue deductions: Sales discounts.
- Cost = Cost of goods sold + Selling expenses, business management expenses
- KQTC = Financial revenue - Financial expenses
- Other income = Other income - Other expenses
For example : At the end of the period, the accountant makes the following transfer entries:
Cost of goods sold, selling expenses, business management expenses: Debit account 911: 11,715,009,307
Credit account 632: 11,232,383,542
Credit account 635: 202,340,478
Credit account 642: 280,285,287