+ General ledger account 5111000000 - Sales revenue (Appendix No.
1.4)
+General ledger account 5111100000-Sales revenue_Protection tax
environment (Appendix No. 1.5).
f) Detailed accounting books
- Accounting voucher book TK 511 includes notes on some indicators:
+ Voucher column: Code (specified by accountant), Number (invoice number) and Date (date of issue on value added invoice)
+ Description column: Content of the document
+ Corresponding account column: Corresponding account to account 511 such as: Account 1311100000 - Customer receivables, Account 1312000000 - Receivables from affiliated stores,...
+ Amount column: Debit, Credit of account 511 arising
+ Current generated in the response period:
Debit Column: Calculated by the accounting software based on the Amount Column Credit Column: Calculated by the accounting software based on the Amount Column
- Compare with appendix
+ Accounting voucher book account 5111000000 - Sales revenue (Appendix No. 1.7)
+ Accounting voucher book account 5111100000-Revenue from sales of goods_Environmental protection tax (Appendix No. 1.8).
- Detailed summary table of account 511 (Appendix No. 1.9)
3.2.1.2. Accounting for cost of goods sold
a) Summary table of cost of goods sold and drawing of the recording process
Table 3.3. Summary table of cost of goods sold for each product in October 2016
Target
Amount | |
RON 92 gasoline | 14,626,370,464 |
RON 95 gasoline | 5,668,003,481 |
DO 0.05S | 10,835,272,819 |
D0 0.025S | 2,032,878,400 |
KOMAT SHD 40 - 200 liter drum | 93,181,814 |
PLC gear oil 140 GL1 - 209 liter drum | 7,072,566 |
PLC-AW HYDROIL 68 - 209 liter drum | 32,142,452 |
PLC RACER SF - 1 liter box | 741,563 |
PLC RACER SJ - 1 liter box | 10,737,292 |
KOMAT SHD50 - 18 liter tank | 21,970,340 |
PLC RACER plus - 4 liter box | 7,699,587 |
Oil | 246,882,300 |
PLC KOMAT SUPER 20W/40 | 27,481,452 |
PLC Racer SG - 1 liter box | 3,820,917 |
Racer Scooter MB - 0.8 liter can | 1,487,557 |
PLC Cater CF4 - 18 liter tank | 955.402 |
PLC Cater CI4 - 5 Liter Box | 1,346,456 |
Total amount | 33,618,044,862 |
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-
Accounting for Cost of Goods Sold at Lac Viet Trading and Transport Services Joint Stock Company -
Cost of Goods Sold Accounting at Mai Huong Company Limited. -
Account Used: Account 632: Cost of Goods Sold Debit: -
Changes in Cost of Goods Sold, Selling and Administrative Expenses: -
Detailed Accounting Procedure for Cost of Goods Sold
(Source: Accounting Department of Hau Giang Petroleum Branch)
Note:
Diagram 3.5. Recording process for account 632
: Record daily
: End of month
: Compare, check
b) Documents used: VAT invoice, Warehouse delivery note,...
c) Account used: The company uses account 632 to reflect cost of goods sold, including level 2 and level 3 accounts:
Account 6321 - Cost of goods sold:
Account 6321110000 - Cost of goods
Account 6321120000 - Cost of goods - Difference Account 6322 - Losses and losses of inventory
Account 6322100000 - Loss of goods
d) Some arising operations:
- On October 1, 2016, according to Warehouse Delivery Note No. 000041814, the Branch sold to Nam Chua Private Enterprise including: 3,000 Liters of RON 92 Gasoline, 7,000 Liters of DO 0.25S.
Based on Warehouse Delivery Note No. 0000041814 (Appendix No. 2.1) , the Accountant makes the following entries:
Debt 6321110000 194,156,349
There are 1561100000 194,156,349
- On October 2, 2016, according to Warehouse Delivery Note No. 0000006571, the Branch sold RON 92 Gasoline 5000 Liters, DO 0.05S 1000 Liters to Nguyen Quang Thai Petroleum Company Limited.
Based on Warehouse Delivery Note No. 0000065719 (Appendix No. 2.2), the Accounting Department
Item:
Debt 6321110000 120,945,441
There are 1561100000 120,945,441
- October 7, 2016.. according to Delivery Note No. 0000007112. Branch sold Hoa Ha 2-member LLC 12,000 liters of RON 95 gasoline.
Based on Warehouse Delivery Note 0000007112 (Appendix No. 2.3), Accountant records: Debit 6321110000 208,132,101
There are 1561100000 208,132,101
e) General accounting books
- General ledger of account 632 (including level 2 and level 3 accounts) includes the following indicators:
+ Description column: are the indicators to record correspondingly for the Corresponding account number column and the amount column.
+ Corresponding account: Is the corresponding account with account 632 such as account 15611000000 - Cost of gasoline sold, account 1562000000 - Cost of lubricants sold,...
+ Amount column: Debit, Credit of account 632
- See appendix
+ General ledger account 6321110000-Cost of goods (Appendix 2.4)
+ General ledger account 6322100000 - Loss of goods (Appendix 2.5)
f) Detailed accounting books
pepper:
632
- Accounting voucher book of account 632 (including accounts 2, level 3) includes the following indicators:
+ Voucher column: Record the Code, Reference number, and date that account 632 arises.
+ Explanation column: Summarize the economic transactions of the account.
+ Corresponding account: Is the corresponding account to account 632 like account
15611000000 – Cost of gasoline sold, account 1562000000 – Cost of lubricants sold,...
+ Amount column: Debit, Credit of account 632
- See appendix
+ Accounting voucher book account 6321110000-Cost of goods (Appendix No. 2.6)
+ Accounting voucher book account 6322100000 - Loss of goods (Appendix 2.7)
- Detailed summary table of account 632 (Appendix 2.8)
3.2.1.3. Accounting for sales costs
a) Summary of sales expenses and recording procedures
Table 3.4. Summary table of sales expenses in October 2016
Unit: VND
Spending
Amount | |
1. Salary costs | 363,597,410 |
2. Social insurance, health insurance, etc. costs | 44,198,180 |
3. Cost of tools and equipment | 47,207,826 |
4. Fixed asset depreciation costs | 300,039,499 |
5. Repair costs | 12,680,363 |
6. Raw material costs | 12,218,000 |
7. Maintenance costs | 42,181,022 |
8. Outsourced shipping costs | 87,187,637 |
9. Other insurance | 10,573,091 |
10.Outsourcing services | 107,185,444 |
11. Office expenses | 18,169,960 |
12. Other employee costs | 148,038,143 |
13. Reception and conference costs | 21,881,136 |
14. Taxes, fees and charges | 874,770 |
Total amount | 1,216,032,481 |
(Source: Accounting Department of Hau Giang Petroleum Branch)
Supervisor: Ths. Thai Thi Bich Tran 53SVTH: Le Thi Nhi
Note:
Diagram 3.6. Recording process for account 641
: Record daily
: End of month
: Check, verify
b) Documents used: Payment vouchers, salary payment sheets...
c) Account used: When accounting for sales expenses, the Branch uses account 641 with level 2 account and level 3 account.
- Account 6411: Business expenses
+ Account 6411010000: Salary expenses
+ Account 6411020000: Social insurance, health insurance,... expenses
+ Account 6411030000: Cost of tools and equipment
+ Account 6411040000: Fixed asset depreciation expense
+ Account 6411050000: Repair costs
+ Account 6411060000: Raw material costs
+ Account 6411070000: Storage costs
+ Account 6411080000: Outsourced transportation costs
+ Account 6411090000: Other insurance
+ Account 6411120000: Outsourced services
+ Account 6411130000: Office expenses
.+ Account 6411150000: Other employee expenses
+ Account 6411160000: Reception and conference expenses
+ Account 6411170000: Taxes, fees and charges
d) Some arising operations:
- On October 2, 2016, Payment Voucher No. 599 was paid to Le Van Dang for the repair of the Ch-10 pump column (with pump), total cost was 3,19,000 VND.
Based on Payment Voucher No. 599 (Appendix No. 3.1), the Accountant records: Debit 6411050000 3,195,000
There are 1111000000 3,195,000
- On October 5, 2016, Payment Voucher No. 1589 paid the fee to Hau Giang Telecom according to VAT invoice No. 0261024 with the amount including 10% tax of 880,000 VND.
Based on Payment Voucher No. 1589 (Appendix No. 3.2) and VAT invoice No. 0261024 (Appendix No. 3.3), the accountant makes the following entries:
800,000 | |
Debt 1331100000 | 80,000 |
There are 1111000000 | 880,000 |
- On October 25, 2016, Payment Voucher No. 1580 paid electricity bill to Hau Giang Electricity Company according to VAT invoice No. 0333267 with the amount of 2,298,450 . excluding 10% tax.
Based on Payment Voucher No. 1580 (Appendix No. 3.4) and VAT invoice No. 0333267 (Appendix No. 3.5), the accountant makes the following entries:
Debt 6411120000 2,298,450
pepper:
Debt 1331100000 229,845
There are 1111000000 2.58.294
e) General accounting books
- General ledger of account 641 (including level 2 and level 3 accounts) includes the following indicators:
+ Description column: are the indicators to record corresponding to the Account Number column
Correspondence and amount column
+ Corresponding account: Is the corresponding account to account 641 such as: Account 1111000000 - Cash VND, Account 3341100000 - Payable to employees,..
+ Amount column: Debit, Credit of account 641
- See appendix
+ General ledger account 6411 - CPKD (Appendix 3.6)
g) Detailed accounting books
- Accounting voucher book TK 641 includes some notes:
+ Voucher column: Code (specified by accountant), Number (invoice number) and Date (date of issue on value added invoice)
+ Description column: Content of the document
+ Corresponding account column: Corresponding account to account 641 such as: Account 1111000000 - Cash VND, Account 3341100000 - Payable to employees,..
+ Amount column: Debit, Credit of account 641 arising
+ Current generated in the response period:
Debit Column: Calculated by accounting software based on Amount Column Credit Column: Calculated by accounting software based on Amount Column
- See appendix
+ Accounting voucher number 6411010000-CPKD - Salary expenses (Appendix No. 3.7)
+ Accounting voucher number TK 6411020000-CPKD - Insurance costs (Appendix No. 3.8)
+ Accounting voucher number TK 6411030000-CPKD – CCDC (Appendix No. 3.9 )
+ Accounting voucher number TK 6411040000-CPKD - Fixed asset depreciation (Appendix No. 3.10)
+ Accounting voucher number TK 6411050000-CPKD – Repair costs (Appendix No. 3.11)