How to account for raw material freight? Accounting entries for freight charges incurred in the purc

The freight of raw materials should be directly included in the actual cost of raw materials, and the accounting entries are:

Borrow: Raw Materials Credit: Bank Deposits, Cash in Stock, etc.

Raw materials refer to all kinds of raw materials and main materials, auxiliary materials, fuels, repair spare parts, packaging materials, purchased semi-finished products, etc., which are processed and changed in the form or nature of the enterprise in the production process and constitute the main entity of the product. Raw materials are an important part of the inventory of enterprises, and there are many varieties and specifications, so in order to strengthen the management and accounting of raw materials, they need to be scientifically classified.

Raw Material Account:

1. Account nature: asset account.

2. Account purpose: to calculate the actual cost of materials of the enterprise, including various raw materials and main materials, auxiliary materials, purchased semi-finished products, repair accessories, fuel, etc., excluding packaging, low-value consumables and purchased goods.

3. Account structure: debit is increased, and the actual cost of materials (including purchase price and transportation and miscellaneous expenses) that has been verified and collected in the warehouse is registered; The credit is reduced and the actual cost of the materials issued is registered; The closing balance is on the debit side and represents the actual cost of the materials in stock.

4. Detailed account: set up secondary accounts according to the storage location and category of raw materials, and set up detailed accounts according to the varieties and specifications of materials.

Freight and handling charges are included in the cost of materials.

Borrow: raw materials - a material 240,000 + freight 1,860 + apportioned loading and unloading costs 2,000 "3,500 * (200 (200 + 150))".

b. Material 60000 + freight 13950 + apportioned handling fee 1500 "3500 * (150 (200 + 150)".

Tax payable - VAT payable (input tax) 40800 + 10200 + input tax on freight 2450

Credit: Bank Deposits Accounts Payable 389,500

Included in the cost of raw materials.

1. The freight paid by yourself when purchasing goods is included in the accounting entries of the cost of purchased goods: raw materials, etc.: bank deposits, etc. 2

Raw material credit: accounts payable (including the freight of the other party) 3, the other party advances the freight when purchasing, and the actual company pays the freight, if the accounting entry of the loan is paid: raw material credit:

Bank deposits (including the freight advanced by the other party) 4, the freight paid to the express company, included in the cost of goods accounting entries debit: raw material credit: bank deposits, etc.

1. The main accounting treatment of raw materials for extended data is debited to the accounts of "production costs", "manufacturing expenses", "sales expenses" and "management expenses", and credited to this account. **Material carry-over costs are debited to the "Other Operating Costs" section and credited to this account. 2. The materials processed by the entrusted unit shall be debited and the account of "entrusted processing materials" shall be debited and this account shall be credited.

The planned cost is used for the daily accounting of materials. 3. The material should also carry forward the material cost difference, and adjust the planned cost of the issued material to the actual cost. If the actual cost is used for daily accounting of materials, the actual cost of issued materials can be calculated and determined by using the first-in-first-out method, the weighted average method or the individual identification method.

If the freight is incurred for the purchase of raw materials or fixed assets, it is generally included in the purchase cost of raw materials or fixed assets; If the shipping cost is incurred during the sales process, it is generally included in the sales expenses. The cost of materials at the time of repair should be included in the cost of materials. That is, the material cost is increased when the material is put into storage, and the part of the freight is directly reflected in the material cost.

Picking entries: borrow: manufacturing expenses, management expenses, operating expenses, engineering construction, or construction in progress, etc

Raw materials are costed out of the warehouse (weighted, first-in, first-out, etc.). Freight refers to the remuneration paid by the shipper, charterer or other interested parties for the transportation services provided by the carrier in maritime transportation.

According to Article 6 of the Accounting Standards for Business Enterprises No. 1 - Inventory, the purchase cost of inventory includes the purchase price, relevant taxes, transportation costs, handling costs, insurance premiums and other expenses attributable to the cost of inventory purchase.

Inventories should be initially measured at cost. Inventory costs include procurement costs, processing costs, and other costs. Therefore, the freight is included in the cost of raw materials.

The cost of processing inventory includes direct labor and manufacturing costs allocated according to a certain method. Borrowing costs that should be included in the cost of inventory.

Accounting for the freight of purchasing raw materials:

Shipping costs are paid along with the raw materials.

Borrow: raw materials. Tax Payable - VAT payable (input tax).

Credit: Bank deposits. Calculate shipping costs separately.

Borrow: Selling Expenses - Freight.

Credit: Bank deposits.

Raw materials refer to all kinds of raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), spare parts for repair (spare parts), packaging materials, fuels, etc., which have been processed and changed their form or nature in the production process and constitute the main entity of the product.

Inventory refers to the finished products or commodities held by the enterprise in its daily activities, the products in the production process, and the materials and materials used in the production process or the provision of labor services.

The most basic feature of inventory that distinguishes it from non-current assets such as fixed assets is that the ultimate purpose of an enterprise holding inventory is to provide for direct sale, including finished products, commodities, and raw materials that need to be further processed.

Raw material ledger.

Need to add shipping costs in it.

The cost of purchased raw materials includes the purchase price, transportation and miscellaneous expenses (including transportation costs, loading and unloading costs, insurance premiums, packaging fees, storage fees, etc.), reasonable wear and tear during transportation, selection and finishing costs before warehousing, and taxes and other expenses that should be included in the cost according to the regulations (the tax amount in the special VAT invoice obtained by general taxpayers is not included in the procurement cost, and small-scale taxpayers should be included in the cost). When filling in the raw material warehousing voucher, the cost calculation should be included in the freight cost. Fill in according to the actual cost amount and the actual acceptance quantity.

Then according to the accounting vouchers.

Register the raw material ledger.

, the amount on the voucher (including the freight that has already been charged, of course). When you land in the ledger, the unit price is recalculated by dividing the actual cost by the actual quantity accepted (instead of the purchase unit price of the material).

At the end of each month, the total quantity and amount of the current month's warehousing and warehousing are added up after the last business of the month, and then a red line is drawn with a red pen at the bottom of the total column, and the total of the month is written behind the year's total, which means that the amount and quantity of warehousing and warehousing from the beginning of the year to the current are cumulative. As for the unit price, this should be based on the inventory valuation method adopted by the respective company.

Depends. The valuation methods of inventory include first-in-first-out method and weighted average.

Moving weighted average, individual valuation method.

The transport industry is one of the independent sectors of material production, but it does not produce tangible products, its production activities only displace passengers or goods spatially, and its production process is the same process as the consumption process. This makes the transportation ** different from the general industrial and agricultural products**, which is characterized by the inclusion of distance, weight and other factors in the composition of the **, and its calculation unit is the ton kilometer freight rate or the person kilometer freight rate (ton nautical mile freight rate or human nautical mile freight rate). Cargo transportation is composed of transportation costs, taxes and profits, and transportation costs are an important basis for formulating cargo transportation, which generally refers to the transportation expenses that should be shared by the completed unit of transportation products or passengers.

Therefore, the freight is included in the cost of raw materials.

1. If the raw materials are inspected into the warehouse, the actual procurement cost will be carried forward: raw materials.

Credit: Materials in transit.

2. Small-scale taxpayers, raw materials have been paid, but the receipts have not been verified: materials in transit (price tax + freight).

Credit: Bank deposits.

Accounting entries for the purchase of raw materials to pay for freight:

The price is paid together with the shipping fee.

Borrow: raw materials.

Tax Payable - VAT Payable (Input Tax).

Credit: Bank deposits.

Shipping costs are calculated separately.

Borrow: Selling Expenses - Freight.

Credit: Bank deposits.

The daily accounting of raw materials of an enterprise can be carried out at either planned or actual cost. It is up to the enterprise to decide which method to use on a case-by-case basis.

Enterprises with a wide variety of raw materials can generally use the planned cost for daily accounting, and for some raw materials or main materials that are not many varieties but account for a large proportion of product costs, they can also use the actual cost for accounting alone.

Enterprises with small scale, simple raw material varieties and small procurement business can also use the actual cost for daily accounting of materials.

The company should set up a "Raw Materials" account to account for the actual cost (under the actual costing method) or the planned cost (under the planned costing method) of various materials in the inventory.

The freight for purchasing a raw material is added to the cost of the raw material. Borrow: raw materials Credit: bank deposits, etc.

1. Before registering the account, the accounting entries are prepared through the accounting vouchers, which can clearly reflect the classification of economic business, which is conducive to ensuring the correctness of the account records and facilitating the subsequent inspection.

2. In order to ensure the correctness, clarity and ease of understanding the content of the economic business of the account correspondence, the accounting entries must strictly grasp the basic principles of one loan and multiple loans or one loan and multiple loans, and it is not allowed to borrow more than one loan.

3. Daily accounting can be based on actual cost or planned cost. For enterprises with more material sending and receiving business and more sound and accurate planned cost information, the planned cost is generally used for material sending and receiving accounting.

The freight generated by the purchase of raw materials can be allocated to the cost of raw materials according to a certain method, and the accounting entries are as follows:

Borrow: raw materials.

Tax Payable - VAT Payable (Input Tax).

Credit: Bank deposits (or accounts payable).

How to make accounting entries for the freight costs generated by the purchase of raw materials:

The freight incurred by raw materials: it can be directly included in the cost.

Borrow: raw materials.

Credit: Cash (bank deposits, accounts payable).

Freight: Included in the raw materials.

Freight costs are included in the recorded value of raw materials and the entries are as follows:

Borrow raw materials (raw materials + freight).

Tax Payable - VAT Payable (Input Tax).

Credit Accounts payable.

Freight costs are included in the recorded value of the material.

Borrow raw materials 36000 + 4000 * (1-7%) = 39 720 tax payable - VAT payable (input tax) 36000 * 17% + 4000 * 7% = 6 400

Credit Accounts payable 36000 * (1 + 17%) + 4000 = 46 120

If it is a small-scale enterprise, the freight is directly included in the cost of raw materials.

Borrow: raw materials (purchase price + freight).

Credit: Bank deposits (or accounts payable).

General taxpayers.

Borrow: Raw materials (purchase price + 93% freight).

Tax Payable - VAT Payable [Input Tax (VAT + 7% Freight)] Credit: Bank Deposit or Accounts Payable.

Freight included in the cost of materials does not include the deductible VAT amount calculated according to the regulations based on a certain percentage of the transportation cost.

Borrow: Material Procurement Raw Materials (Transportation Costs - Freight Charges * 7%) Tax Payable - VAT Payable (Input Tax).

Credit: Cash, Bank, Accounts Payable.

The general situation is borrowed: selling expenses - shipping and miscellaneous expenses.

Credit: Cash (bank deposits, accounts payable).

The input tax on the cost of materials and freight can be deducted.

The freight is directly included in the cost of raw materials.

Borrow raw materials (raw materials + freight).

Tax Payable - VAT Payable (Input Tax).

Credit: Bank deposits.

The freight is directly included in the cost of raw materials.

There are three ways to deal with it: for example, the total amount of materials excluding tax is 2,000 yuan 1If the VAT invoice is issued for transportation, the input tax shall be deducted, and the input VAT shall be included in the VAT input tax at 3%, and the remaining 97% shall be included in the cost.

Debit: Raw materials 2000 + 1200 * 97% tax payable - VAT payable (input tax) 2000 * 17% + 1200 * 3% credit: accounts payable (cash).

2.Transportation is fully included in the cost of materials.

Borrow: raw materials 2000 + 1200

Tax payable - VAT payable (input tax) 2000 * 17% credit: accounts payable.

3.Transportation costs are included in the expenses (which is generally done by the accountants of outside companies) borrowed: raw materials 2000

Tax payable - VAT payable (input tax) 2000 * 17% operating expenses - transportation cost 1200

Credit Accounts payable.

Summary: There is a certain gap between the accounting treatment method and the knowledge learned in school in books.

Freight accounting treatment for the purchase of original buried coarse search materials, borrow: raw materials, borrow: tax payable - VAT payable - input tax, credit: silver stool such as bank deposits, etc.