Disposal Of Prepaid And Accrued Expenses

The new guidelines guide stipulates that all kinds of short-term loans borrowed by enterprises borrow the subject of "bank deposit", credit the subject, return the loan to do the opposite accounting entry.

The balance sheet date should be debited on the basis of the short-term interest expense calculated on the balance sheet, such as "financial expenses", "interest expenses" and other subjects, and credits such as "bank deposit" and "payable interest".

That is, withholding interest on short-term loans is carried out through interest payable subjects.

According to the analysis of the repair cost of fixed assets, we can know that the new guidelines and related guidelines no longer mention the repair cost of fixed assets, but actually deal with the capitalization of expenditures in actual occurrence.

The cost of repair that cannot be capitalized is directly included in the current cost and can be capitalized into the book value of fixed assets.

Due to the nature of the outstanding rental and insurance premiums payable in the current period, it is more appropriate to deal with the differences in payments payable through purchase of goods and outsourced services through other payable accounts.

That is, each period will be debited according to the obligations to be undertaken in the current period, and the other payable accounts should be credited.

Because the economic nature of the business done through accounting in the old guidelines is not exactly the same as that in the old ones, the accounting treatment methods of these different businesses in the new guidelines are analyzed respectively according to their economic nature.

For the old rules, the low value consumables and packages are classified as "turnover materials" in the new guidelines.

In the guide's interpretation of "turnover materials",

1. this subject calculates the planned cost or actual cost of enterprise turnover materials, including packaging, low value and easily consumed products, and steel templates, wood formwork, scaffolds, etc. of enterprises (construction contractors).

Packaging, low value and easily consumed products can also be set up separately for "packaging" and "low value and easily consumed products".

2. the undergraduate items can be calculated in detail in terms of "library", "in use" and "amortization" according to the types of turnover materials.

In addition, the guide stipulates that the purchase and self-control of enterprises, the completion of processing and acceptance of imported materials and the turnover materials that have been checked and accepted will be dealt with in accordance with the relevant provisions of the "raw materials" subject.

The amortization of turnover materials can be carried out by a single sale method and other amortization methods.

As for others

Specifically, which methods do not specify.

We believe that other amortization methods should be the same as before, including amortization and 55 amortization.

In addition, since the guidelines only provide uniform provisions for general ledger accounts, there is no uniform requirement for the establishment of ledger accounts. Therefore, we believe that for the sake of comprehensibility of accounting information and the convenience of accounting, accounting for rental packages can be carried out through "turnover material packaging" (rental / lending).

Debit in specific amortization "

"Other business costs," credited "turnover materials - packaging (amortization)"

For the low value and easily consumed items in the original criterion, the accounting standards for the new guidelines should be fully calculated.

There are different views in the accounting practice field for prepaid property insurance premiums, prepaid rental of fixed assets and pre paid newspapers and fees.

有人认为应通过“其他应收款”科目进行核算，但是其他应收款核算的是除存出保证金、买入返售金融资产、应收票据、应收账款、预付账款、应收股利、应收利息、应收代位追偿款、应收分保账款、应收分保合同准备金、长期应收款等以外的其他各种应收及暂付款项，这与预付财产保险费、预付经营租赁固定资产租金和预付报刊订阅费的性质不同，因此我们认为，由于这三类费用支出均是企业按相应合同预付给服务提供方的款项，与购买商品、采购材料时预付账款的性质相同，因此通过“预付账款”科目核算比较合理，同时为了与采购材料、购进商品所预付的款项区别开来，可以通过相应的明细账予以区分。

It is stipulated that the repair cost of fixed assets, if not capitalized, should be directly charged into the current cost.

The new guidelines and guidelines do not provide for the treatment of tax stamps that are purchased at a time and pay more taxes and require monthly amortization.

In our opinion, according to the principle of which period to benefit from, and which period to bear, we can calculate the purchase of stamp duty tickets more often through a "prepaid account" account. We should borrow the "administrative expenses" at the time of each benefit period, credited the "payable tax", and at the same time borrow the "payable tax" and credit the "prepaid account".

For a new tax law which pays more taxes, there is no mention of whether it can be amortized monthly. Therefore, we believe that it should be handled reasonably according to the term of benefit.