determining principles
domestic general merchandise
domestic general merchandise purchased, should the original purchase price (i.e. the price listed on the VAT invoices) as procurement costs; purchase of domestic agricultural products, should be based on the original purchase price and acquisition taxes without tax paid for the product as part of its purchase cost.
It must be noted, the purchase of merchandise purchase costs incurred, including the cost of the purchase and payment of fees before exports reach of delivery stations, terminals, should be included in profit or loss as operating expenses . After obtaining export tax rebates, the amount should be deducted the cost of the purchase price of the current export sales of goods.
foreign goods imported goods of various expenses before reaching the destination port occurredpurchase price of the cost of foreign purchases of commodities means. Specifically includes:
(1) Foreign purchase price. That is the import of foreign goods by the commitment of money market exchange rates daily settlement CIF (CIF). Such as CIF import price is not a contract, in the port of destination before shipping goods by the enterprise to payment of foreign exchange, insurance, commissions, etc., should be included in the purchase price.
(2) import taxes. That declaration of imports of goods should pay import duties, import consumption tax. Import VAT is not included in the purchase cost.
(3) agency entrusted to other units of imports of goods, its procurement cost is the total price actually paid to the agent unit.
corporate purchasing purchase discounted goods occurs, returns and allowances and claims for purchase of goods Revenue is recognized to be offset against the purchase price of commodities occurred costs. If the commission can direct that the import occurs, adjust the purchase price of commodities costs.
imputation
In order to properly reflect the cost of funds and materials procurement process, should normally be set to the following subjects costing:
1. "Material procurement" subjects: accounting enterprises purchase cost of goods purchased. The subject merchandise purchased debit registration original purchase price, credit registration acceptance actual cost of storage of goods, the ending balance reflects the cost of purchasing goods in transit.
2. "Operating expenses" subjects: a variety of cost accounting enterprise in the purchase, sale, storage of all sectors, including into the freight charges, handling, sorting costs, packaging, insurance, exhibition fees, warehouse storage fees, inspection fees, advertising expenses, loss of goods, import and export commodities cumulative commissions, management staff wages and welfare and so on.
Example analysis accounting
[Example 1] A procurement department 2000 sweater knitting member to a 70 per piece (not included). Supply units advanced by transport fees 10,000 yuan. Loans incurred under the relevant settlement documents, commodity not yet arrived. We should make the following entries:
By: material procurement 140 000
── VAT payable (input tax) 23 800
Operating expenses 10 000
loans: bank deposits 173 800
[Example 2] B from factory electrical distribution companies purchase electric fans 10,000 units, each 168 yuan (not included). Contract, payment batch using commercial acceptance bills clearing the way for a period of five months. Batch of self-organizing transportation of goods, payment of transport fees totaling 39,000 yuan, the goods have not yet put in storage. Make the following entries shall be based on the relevant settlement documents:
By: materials procurement 1 680 000
── VAT payable (input tax) 285 600
operating expenses 39 000
credit: notes payable 1 965 600
bank deposit 39 000
[Example 3] a department store has been purchased sweater scheduled arrival, the acceptance of qualified storage. Batch of goods price accounting method employed, each sweater price of 85 yuan. It should be based on "Receipt" entry as follows:
by: stock 170 000
Credit: material procurement 140 000
price of goods 30 000
(Example 4) B electrical distribution company procurement fans have been scheduled arrival, the acceptance of qualified storage. Batch of goods using purchase price accounting methods. We should be in accordance with "Receipt" amount of the following entries:
by: stock 1680 000
Credit: material procurement 1 680 000
[Example 5 ] chang import and export Corporation group of chemical raw materials imported from the United States, the total purchase price is USD400 000 (CIF price). After vetting full set of documents, foreign full payment. Day market exchange rates (selling price) as USD100 = ¥ 827.81. Shall have the following entries:
by: materials procurement 3 311 240
Credit: bank 3 311 240
[Example 6] on the importing chemicals It was delivered to the port of destination, payment of import duties 1.78 million yuan, 897,200 yuan import VAT. We should make the following entries:
By: materials procurement 1 780 000
── VAT payable (input tax) 897 200
Loan : bank 2 677 200
[Example 7] chemicals have acceptance of storage. It should be based on "Receipt" entry as follows:
by: stock 5 091 240
Credit: material procurement 5 091 240