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Organization of accounting in a period of the enterprise - 9


ENTRANCE DOCUMENT No. 131A

March 2005

Unit: 1000 VND

Abstract


Amount



Carryover of production costs

154

621

54 379 779,281

during the period

154

622

1 231 172,428


154

627

7 693 991,571

Co-arising



63 304 943,280

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Organization of accounting in a period of the enterprise - 9

TK

Debt Credit


March 31, 2005

Chief Accountant

(Signature, full name) (Signature, full name)

Accountants use that as a basis to enter relevant ledgers2005


LEDGER

Account name: “Direct material costs” Account number: 621

First quarter of 2005

Unit: 1000 VND


NT

GS

Document

Interpretation

TKĐU

Amount

SH

NT

In debt

Have

31/3


31/3

List of exported materials

152

54 397 799




used during period




31/3

31/3

Transfer to

154


54 397 799



CP SXKDD







Co-arising


54 397 799

54 397 799



March 31, 2005

Bookkeeper

Chief Accountant

Unit Head

(Signature, full name)

(Signature, full name)

(Signature, full name)


LEDGER

Account Name: “Direct Labor Cost” Number: 622

First quarter of 2005

Unit: 1000 VND



NT

GS

Document

Interpretation

TK

Yes

Amount

SH

NT

In debt

Have

31/3


31/3

Summary table

334

1 034 598.678




employee salary during the period

338

283 764,657


31/3

31/3

Transfer to

154


1493498.192



CP SXKDD







Co-arising


1493498.192

1493498.192

March 31, 2005

Bookkeeper Chief Accountant Head of unit

(Signature, full name) (Signature, full name) (Signature, full name)


LEDGER

Account name "General production costs" Number: 627

First quarter of 2005

Unit 1000 VND

NT

GS

Document

Interpretation

TK

Yes

Number of occurrences

SH

NT

In debt

Have

31/3

14

31/3

Salary and allowances

334

206 534.75


31/3

15

31/3

deducted from NVPX salary

338

39 241,602


31/3

16

31/3

Management staff

152

3 049 169.58


31/3

17

31/3

CCDC management

153

1 248 433.61


31/3

18

31/3

Excerpt table

214

764 313.90





KHTSCĐPX







…

154


7693991.571




K/c to CPSXKDDD







Co-arising


7693991.571

7693991.571




March 31, 2005

Bookkeeper

Chief Accountant

Unit Head

(Signature, full name)

(Signature, full name)

(Signature, full name)


LEDGER

Account name: "Work in progress" Account number: 154

First quarter of 2005

Unit: 1000 VND


NT GS

Document

Interpretation

TK

Yes

Number

money

SH

NT

In debt

Have




Beginning balance


4 129 609,416


31/3

06

31/3

TT Material Supply Contract

621

54 379 779,981


31/3

07

31/3

CP NC TT

622

1 493 498,192


31/3

08

31/3

Production cost

627

7 693 991,571


31/3

11

31/3

Import finished products

155


62 585 873,462




Co-arising


63 304 943,280

62 585 873,462




Ending balance


4 848 679.243




March 31, 2005

Bookkeeper

Chief Accountant

Unit Head

(Signature, full name)

(Signature, full name)

(Signature, full name)


V: FINISHED PRODUCT ACCOUNTING AND FINISHED PRODUCT CONSUMPTION

A: General issues of finished goods accounting 1.Concept

@.Finished products: Are products that have completed the final processing stage.

Ensure the technical standards have been set for consumption

To account for finished products, accountants use the following accounting documents:

- Finished product receipt

- Test report

- Warehouse card

- Finished product detail book

- Summary table of N – X – T finished product warehouse

The Company's finished products are accounted for in detail for each type, both in value and in kind.

The cost of finished products in stock is the cost of manufacturing finished products (Cost calculation table)

Accounting for finished products using accounts:

* Account 155 "Finished products": Used to track and reflect the total value of finished products N - X - T warehouse according to actual cost. This account is opened in detail for each type of product.

Structure TK 155

- Debit side: Transactions to record increase in actual cost of finished products

- Credit side: Transactions that reduce the actual cost of finished products

- Debit: Actual cost of finished products in inventory

* Account 157 "Goods on consignment": Used to track the value of products, goods, services, and services that the enterprise consumes by shipping or through sales, agents, or consignment. These goods and products are still owned by the unit. Structure of Account 157

- Debit: Value of goods sent to agents for sale or made to customers but not yet accepted.

- Credit side: Value of goods that have been accepted for payment or accepted for payment by the customer.

- Outstanding balance: Value of goods consigned for sale that have not yet been accepted.

Tracking finished product details The Company is currently applying the parallel card recording method. In this method, tracking finished product details is carried out in the warehouse and in the accounting department.

*At the warehouse: Based on the completed product confirmation slip (Inspection report), the warehouse keeper makes a finished product receipt note recording the actual quantity of that product.


Transfer to the accounting department as the basis for recording. The recording of finished product inventory is carried out by the warehouse keeper on the warehouse card and only recorded according to the actual quantity imported and exported. Each type of accounting finished product is recorded and tracked on a finished product warehouse card.

*The accountant opens a finished product detail book to record the import and export inventory of each type of finished product. This book tracks both the quantity of finished products and the actual cost of goods in stock.

On March 13, 2005, finished products from the production of 5,670 kg of Ne 20DK yarn from the combing line were imported into the warehouse. The warehouse entry procedure at the Company is carried out as follows:


Company Limited

Vu Duong TEST REPORT

(Products, goods, materials) March 9, 2005


Based on Contract 824 of Workshop I, Vu Duong Company Limited

* The testing board includes:

Mr. Nguyen Hung Vu, Deputy Director of Production, Head of Department Mr. Do Xuan Cuu, Experimental Department, Member Ms. Vu Nguyen Thanh, Technical Department, Member

* The following products have been tested:


TT

Name, brand, material specifications,

MS

PT KN

Unit

Quantity

Result

CT

TN

Achieve TC

Wrong TC

1

Ne20DK yarn

STP0027

Weigh

Kg

5 670

5 670

5 670

0


Add

x

x

x

5 670

5 670

5 670

0


Inspection committee's opinion: All are in accordance with the invoice and meet warehouse standards.

Head of Warehouse Department Person in charge of supply

application

(Signature, full name) (Signature, full name) (Signature, full name) (Signature, full name) Based on the inspection report, the production department shall prepare a warehouse receipt.


Vu Duong Company Limited


WAREHOUSE RECEIPT No: 093

March 9, 2005


Delivery person name: Nguyen Thi Lan Fulfillment department

According to Contract No. 824 dated March 9, 2005 of Vinh Fiber Factory Imported to warehouse: Finished products - Ms. Huong

TT

Brand name, material specifications, products


MS


Unit

Quantity


Unit price


Total amount

Labour

company

TN

1

Ne20DK yarn

STP0027

Kg

5 670

5 670




Add



5 670

5 670



March 17, 2005

Supply and consumption manager

Delivery man

Storekeeper

Head of the application

taste




(Signature, full name)

(Signature, full name)

(Signature, full name)

(Signature, full name)


Unit price column and total amount column at the end of the period after the accountant gives the product cost table, the accountant will directly record in the unit price column and total amount column. The warehouse receipt is made into 2 copies, 1 is given to the warehouse keeper to create a warehouse card, then periodically submitted to the accounting department and 1 is kept in the accounting department for the accountant to proceed with the detailed book.

At the Company, products are consumed directly or through consignment (this case is rare).

Accounting for product and goods consumption uses the following books and documents:

- Finished product delivery note

- VAT invoice

Receipt

When purchasing at the Company, customers can pay by various methods.

- Pay immediately in cash.

- Debt not paid yet.

- For regular customers, the company accepts credit and payment later.

- For new and irregular customers, the Company often requires immediate payment.

To account for cost of goods sold, accountants use account 632 "Cost of goods sold". The structure of account 632 is as follows:

- Debit: Reflects the actual price of finished products sold.

- Credit side: Transfer the actual cost of finished products sold.

- Account 632 has no balance


March 5, 2005 sold to Tuong Hao Company - Ho Chi Minh City

Vu Duong Company Ltd. WAREHOUSE DELIVERY NOTE Form 02- VT Department: Workshop March 5, 2005 No. 0267


Recipient name: Tuong Hao Company

Address: 131 - Kha Van Can Street - Binh Thanh District - Ho Chi Minh City Reason for release: For sale

From warehouse: Finished product – Ms. Huong

TT

Brand name, material specifications, products

MS

Unit

Quantity

Unit price

Total amount

CT

TN

1

2

3

4

Ne 20DK Ne 32/1DK Ne 18DK

Monday 30/1

STP0027 STP0031 STP0046

STP0030

Kg Kg Kg

Kg

13504

23750

17300

12700

13504

23750

17300

12700




Add

x

x

67254

67254



Total amount in words: ( )

March 2, 2005

Unit Head Warehouse Keeper In charge of supply and consumption Recipient (Signature, full name) (Signature, full name) (Signature, full name) (Signature, full name)


Warehouse delivery note, unit price column and total amount column at the end of the period after completing the accounting steps, proceed to record in the unit price column and total amount column. Based on the warehouse receipt and delivery note, the warehouse keeper will create a detailed warehouse card for each product and the accountant will enter it into the finished product detail book and in the accounting department, the accountant will enter it into the detailed book for each product.

Vu Duong Company Limited WAREHOUSE CARD

Department: Workshop January 1, 2005

Sheet number: 041 Brand name, material specification: Ne20DK yarn

Code: B00058 Unit: Kg


TT

Document

Interpretation

Day

N-X

Quantity

Sign Confirmation

SH

N- T

Enter

Export

Existing


39

40

41


X1/3 X5/3 N9/3


1/3

2/3

13/3

Beginning balance

… Export Import

…


…

1/3

2/3

13/3

…


…


5670

...


….

26 868

13504


…

51295

… 97 367

83 863

89533

…





Plus p/s


127 385

131 466






Ending balance




47214


March 31, 2005

Chief Accountant


(Signature, full name) (Signature, full name)

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