How to dispose of cash, fixed assets, inventory, and inventory losses and profits? What kind of acco

1. Cash loss.

1. When the cause is to be ascertained.

Borrow: Loss or overflow of property to be disposed of.

Pending current assets.

Income. Credit: cash on hand.

2. After finding out the cause, the following treatment will be made:

In the case of a cash shortage, it belongs to the part that is compensated by the responsible person

Debit: Other receivables.

Cash Deficiency Receivables (Individuals).

Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

The part that should be reimbursed by the insurance company:

Debit: Other receivables – insurance claims receivable.

Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

Other reasons that cannot be identified:

Borrow: Administrative expenses.

Cash shortage. Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

Second, cash profit.

1. When it happens:

Borrow: cash on hand.

Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

2. Processing:

Borrow: Excess of property to be disposed of - Profit or loss of current assets to be disposed of.

Credit: Non-operating income.

The cause could not be identified).

Other payables.

Pay or return to another person).

3. Inventory loss and profit of fixed assets.

1. Profit. 1) When making a profit on fixed assets:

Borrow: Fixed assets.

Credit: Prior Year Profit and Loss Adjustment.

2) Determine the income tax payable.

Time: Borrow: Profit and loss adjustment for previous years.

Credit: Taxes payable.

Income tax payable.

3) Carry-forward to retained earnings.

Time: Borrow: Profit and loss adjustment for previous years.

Credit: Surplus Reserve – Statutory Surplus Reserve.

Profit distribution – undistributed profits.

2. Loss. 1) When the inventory is losing fixed assets:

Borrow: Loss or overflow of property to be disposed of.

Accumulated Depreciation Credit: Fixed Assets.

2) When it is approved for resale:

Borrow: Non-operating expenses.

Loss of handicap. Credit: Pending property loss and overflow.

Fourth, inventory profit and loss.

1. When the inventory is profitable:

Pre-approval: Borrow: raw materials, etc.

Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

After approval: Borrow: Pending Property Losses and Losses – Gains and losses on current assets to be disposed of.

Credit: Administrative expenses.

2. When the inventory is in deficit:

Pre-Approval: Borrow: Pending Property Loss and Excess – Profit or Loss on Current Assets Pending Disposal.

Credit: raw materials, etc.

After approval: 1) Inventory losses caused by sending and receiving measurements, poor management, etc., shall be included in management expenses.

2) Due to natural disasters.

and other abnormal reasons caused by inventory losses are included in non-operating expenses.

3) The compensation of the person responsible for the receivable and the insurance company shall be included in other receivables.

Borrow: Administrative expenses.

Non-operating expenses.

Other receivables.

Credit: Loss and Excess of Property to be Handled - Profit or Loss on Current Assets to be Disposed of.

Cash is charged to cash on hand.

Fixed assets are included in fixed assets.

3.Inventory is included in raw materials or inventory goods.

Extended Resources:

Accounting entries at the time of loss and profit:

1. Inventory Profit, Deposit and Loan Loan: Raw Materials (or Inventory Commodities) Loan: Property Loss and Excess to be Disposed of.

2. Inventory surplus fixed assets Borrow: fixed assets Credit: accumulated depreciation Property loss and excess to be disposed of.

3. Inventory loss deposit and loan: property loss and excess loan to be disposed of: raw materials (or inventory commodities).

4. Inventory loss of fixed assets Borrow: accumulated depreciation Excess of property loss to be disposed of: fixed assets.

b) After approval.

1. Disposal of inventory Borrow: property loss and excess to be disposed of: management expenses.

2. Disposal of fixed assets in surplus Borrow: property loss and loss to be disposed of: non-operating income.

3. Handling of inventory losses Borrow: management expenses (reasonable loss within the quota) Other receivables - xx (compensation of the responsible person) Non-operating expenses (natural disasters, extraordinary losses) Credit: Loss and excess of property to be disposed of.

4. Disposal of inventory loss fixed assets Loan: non-operating expenses Loan: loss and excess of property to be disposed of.

Accounting treatment of inventory loss: If the inventory loss is verified to be true, then: Borrow: Profit or loss of property to be disposed of Credit: Inventory of goods.

With the approval of the person in charge of the unit, when the write-off is approved: It depends on the different reasons for the inventory loss, and it is recorded in different profit and loss accounts.

Borrow: Other receivables (when the inventory reduction is artificially caused and the person in charge bears the loss) Management expenses (reasonable losses caused by improper management and preservation) Non-operating expenses (refers to inventory caused by natural wear and tear or irresistible factors such as fire, etc.) Credit: Profit or loss of property to be disposed of.

The above debit account selects an accounting item based on the reason for the loss.

Cash: Inventory loss:

Before approval of processing: Borrow: Excess of property to be disposed of - Excess of current property to be disposed of.

Credit: cash on hand.

After approval processing: Debit: Administrative expenses Other receivables.

Credit: Pending Property Loss and Excess - Pending Disposal of Current Property Loss and Surplus.

Profit: Before Approval:

Borrow: cash on hand.

Credit: Pending Property Loss and Excess - Pending Disposal of Current Property Loss and Surplus.

Post-Approval: Borrow: Pending Property Loss and Excess - Pending Current Property Loss and Excess Loan: Non-Operating Income.

Fixed Assets: Inventory Loss: Borrow: Property Loss or Excess to be Disposed of.

Accumulated Depreciation Credit: Fixed Assets.

After approval: borrow: non-operating expenses.

Credit: Pending property loss and overflow.

When making a profit: borrowing: fixed assets.

Credit: Adjustment of loss and excess in previous years.

After approval: borrow: adjustment of loss and excess in previous years.

Credit: Non-operating income.

Inventory: Profit:

Borrow: raw materials.

Credit: Pending property loss and overflow.

When reselling: Borrow: Loss or excess of property to be disposed of.

Credit: Administrative expenses.

Loss: When you lose:

Borrow: Loss or overflow of property to be disposed of.

Credit: Raw Materials - A Materials.

On resale: debit: other receivables.

Non-operating expenses.

Management Expenses Credit: Loss and Excess of Property to be Disposed of.

State-owned assets who dare to deal with them.

Profit or loss on property to be disposed of is included in the pending opinion in the transfer to the relevant account.

There are many reasons for inventory loss, some are normal wear and tear, included in costs, abnormal profits, fixed assets inventory loss must be non-operating expenses, is profits, inventory profits must be unaccounted for in the previous period, based on the different ways of enterprise management of different assets, the financial treatment of inventory profits and losses is different.

If there is an active market for the same or similar fixed assets, the balance after deducting the estimated value loss of the asset according to the newness of the asset shall be the recorded value according to the market ** of the same or similar fixed assets, and if there is no active market for the same or similar fixed assets, the present value of the expected future cash flows of the fixed asset shall be taken as the recorded value.

The surplus of inventory should be recorded in raw materials and other accounts; Inventory losses should be recorded in the accounts of property losses and surpluses to be disposed of, raw materials, etc. The inventory profit of fixed assets shall be recorded as an error in the previous period in the account of "key teasing the profit and loss adjustment of previous years", and the inventory loss of fixed assets shall be debited to the account of property loss and excess to be disposed of according to the book value of the fixed assets.

Inventory surplus.

Before Approval:

Qijing Leather will deal with the inventory of the surplus according to the amount listed in the "Inventory Inventory Report" as follows:

Borrow: raw materials, inventory commodities, etc., credit: property loss and excess to be disposed of - loss and excess of current assets to be disposed of, after approval:

The inventory of the profit is usually caused by the error in the measurement or calculation of the daily receipt and dispatch of the enterprise, and the inventory of the inventory and the manuscript are sold according to the provisions of the approval and are handled as follows:

Borrow: Loss and Excess of Property to be Processed - Excess of Current Assets to be Disposed of, Credit: Management Expenses, Inventory Loss, Before Approval:

For the inventory loss, the enterprise shall deal with the amount listed in the "Inventory Inventory Report" as follows:

Borrow: Loss and excess of property to be disposed of - Loss and excess of current assets to be disposed of, Credit: raw materials, inventory goods, etc., after approval:

For the inventory loss, it should be dealt with according to the reasons for the loss

It belongs to the loss within the quota and the error in the measurement of the daily receipt and dispatch of inventory, and it is reported for approval

Borrow: Management Expenses, Credit: Property Loss and Excess to be Handled - Loss and Excess of Current Assets to be Treated, which is a loss that should be compensated by the negligent person, and the accounting treatment is:

Debit: Other receivables, Credit: Loss and excess of property to be disposed of - Inventory loss of current assets to be disposed of is due to irresistible reasons such as natural disasters, and shall be treated as follows:

Borrow: Non-operating expenses - extraordinary losses, Credit: Losses and losses of property to be disposed of - Losses and losses of current assets to be disposed of, accounting treatment of fixed assets surpluses:

Occurrence of fixed assets surplus, borrow: fixed assets, credit: prior year profit and loss adjustment, adjusted income tax, borrow: prior year profit and loss adjustment, credit: tax payable - income tax payable, carry forward prior year profit and loss adjustment, borrow: prior year profit and loss adjustment, credit: profit distribution - undistributed profits, fixed assets inventory loss, before approval:

Borrow: Loss and excess of property to be disposed of - Excess loss and excess of fixed assets to be disposed of, accumulated depreciation, provision for impairment of fixed assets, Credit: Fixed assets, after approval:

Recoverable insurance compensation or negligence compensation, debit: other receivables, credit: property loss and excess to be disposed of - loss and excess of fixed assets to be disposed of, according to the amount that should be included in non-operating expenses, debit:

Non-operating expenses - inventory loss, credit: property loss and excess to be disposed of - loss and excess of fixed assets to be disposed of.

Fixed assets surplus, accounting treatment is, debit: fixed assets, credit: profit and loss adjustment of previous years.

Inventory loss of fixed assets, before approval of the accounting treatment is, debit: profit or loss of property to be disposed of, accumulated depreciation, credit: fixed assets.

fixed assets keep an eye on the loss of the property, and the accounting treatment after approval is, borrowing: non-operating expenses and other accounts, credit: property loss to be disposed of and profit.

Inventory surplus, the accounting treatment before approval is, debit: inventory goods and other accounts, credit: property to be disposed of profit or loss.

Inventory surplus, the accounting treatment after approval is rolling, debit: property profit and loss to be disposed of, credit: management expenses and other accounts.

Inventory loss, the accounting treatment before approval is, debit: profit or loss of property to be disposed of, credit: inventory goods and other accounts.

Inventory loss, after the approval of the accounting treatment is, debit: other receivables and other accounts, credit: property profit or loss to be processed.

The accounting treatment of fixed assets, inventory, cash inventory profit and loss, is as follows:

The reasons for the inventory of fixed assets found in the inventory should be ascertained, the responsibilities should be clarified, and the fixed assets inventory loss report should be prepared and reported to the enterprise management department for approval before processing. The accounting procedure is basically the same as that of the retirement of fixed assets.

The fixed assets that are lost in the property inventory of an enterprise shall be included in the profit or loss for the current period through the accounting of the loss and loss of the property to be disposed of - the loss and loss of the fixed assets to be disposed of.

The inventory loss of fixed assets (which is a non-operating expense) refers to the shortfall of fixed assets found in the inventory process. If it is found that the fixed assets are in deficit, it is necessary to find out the cause, determine the responsibility, and report to the higher authorities for approval in accordance with the relevant regulations, adjust the book records to ensure that the accounts are consistent.

When adjusting the book, the fixed assets are generally credited, the depreciation is debited, the original value of the fixed assets and the amount of depreciation that has been depreciated are reversed, and the net value is first credited to the property loss account to be disposed of. At the same time, the corresponding cancellation record shall be made in the fixed asset card and the fixed asset register shall be registered. After the prescribed procedures are approved, they will be carried forward from the property loss account to be disposed of and the ** account will be fixed.

The difference between inventory loss and reduction of fixed assets:

The decrease in fixed assets is the unification of the outflow of value of fixed assets and the outflow of physical assets in the same accounting period. That is, when the decrease in fixed assets is recorded in the account books, the physical fixed assets must also be reduced at the same time. In terms of accounting treatment, the accounting should be carried out through the "Fixed Assets Disposal" account.

The inventory loss of fixed assets is a phenomenon in which the actual number of fixed assets is found to be less than the number of accounts. This discrepancy may be caused by the usual misaccounting. In addition, when accounting for the inventory loss of fixed assets, the "fixed assets" account is debited only to adjust the discrepancy to the actual accounting.

Profit on fixed capital:

When it happens. Debit: Fixed Assets (Net).

Credit: Profit or loss on property to be disposed of – Profit or loss on fixed assets to be disposed of.

Post-Approval Processing.

Borrow: Pending Property Gains and Losses – Pending Gains and Losses on Fixed Assets.

Credit: Non-operating income.

At the time of inventory loss: borrow: profit or loss of property to be disposed of - profit or loss of fixed assets to be disposed of.

Credit: Fixed Assets (Original Value).

Post-Approval Processing.

Borrow: Non-operating expenses.

Other receivables (penalties for human causes).

Credit: Profit or loss on property to be disposed of – Profit or loss on fixed assets to be disposed of.

Profit on fixed capital:

When it happens. Debit: Fixed Assets (Net).

Credit: Profit or loss on property to be disposed of – Profit or loss on fixed assets to be disposed of.

Post-Approval Processing.

Borrow: Pending Property Gains and Losses – Pending Gains and Losses on Fixed Assets.

Credit: Non-business income.

At the time of inventory loss: borrow: profit or loss of property to be disposed of - profit or loss of fixed assets to be disposed of.

Credit: Fixed Assets (Original Value).

Post-Approval Processing.

Borrow: Non-operating expenses.

Other receivables (penalties for human causes).

Credit: Profit or loss on property to be disposed of – Profit or loss on fixed assets to be disposed of.

From the perspective of accounting, fixed assets are generally divided into production fixed assets, non-production fixed assets, leased fixed assets, unused fixed assets, unused fixed assets, financial lease fixed assets, and donated fixed assets.