How to make accounting entries for commodity loss treatment

Entries are made according to normal sales, and losses are only reflected when carrying forward profits and losses.

Normal Sales Entries:

Borrow bank deposits.

accounts receivable, cash, etc.).

Credit: Main business income.

Credit: Taxes payable.

VAT payable (output tax.

Borrowing the cost of the main business.

Credit inventory goods.

Method of entry for accounting entries:

1. Chromatography:

Tomography refers to a method of solving problems that divides the development process of things into several stages and levels, and analyzes them layer by layer, so as to finally obtain results. The use of tomography to compile accounting entries is intuitive and clear, and the ideal teaching effect can be obtained, and the steps are as follows:

1. Analyze and list the accounting subjects involved in economic business.

2. Analyze the nature of accounting accounts, such as asset accounts, liability accounts, etc.

3. Analyze the increase and decrease of the amount of each accounting account.

4. According to the steps, the direction of the accounting account is judged in combination with the economic content (increase or decrease) reflected by the borrower and borrower of various accounts.

5. Prepare accounting entries according to the bookkeeping rules that there must be loans and loans must be equal.

Second, the business chain method:

The so-called business chain method refers to the preparation of accounting entries according to the sequence of accounting transactions, the formation of a continuous business chain, and the existence of a connected relationship between accounting entries before and after business.

This method is more effective for continuous economic business, especially for the direction of bookkeeping that is easy to be mistaken.

3. Bookkeeping rules method:

The so-called bookkeeping rule method refers to the use of bookkeeping rules "there must be a loan, and the loan must be equal" to prepare accounting entries.

Extended Materials: Accounting Entries andAccounting vouchersThe difference

Accounting vouchers require complete elements and strict audit and preparation procedures, while accounting entries only indicate the accounts and amounts that should be debited and credited in the accounting vouchers, which is the most simplified form of accounting vouchers. Accounting entries usually appear in books only for the convenience of explanation, and accounting entries rarely appear in accounting practice.

If the commodity is treated at a loss, that is, it is sold below the cost price, and the provision for inventory decline should be made, and then the profit or loss for the current period should be carried forward. The specific entries are as follows: provision for price decline, the amount of provision for price decline = cost price - selling price:

Borrow: Asset impairment loss - inventory decline loss Credit: Inventory decline provision carried forward to current profit or loss Borrow:

Profit for the Year Credit: Asset Impairment Loss.

I don't understand what you mean, suppose you mean to make up for the losses of the previous year1 If the enterprise incurs a loss, it can be made up with the pre-tax profit of the next year, and if the profit of the next year is insufficient to make up, it can continue to make up for it within 5 years. 2. If the loss incurred by the enterprise is insufficient to make up for the loss before tax within 5 years, the after-tax profit shall be used to make up for it. Deferred income tax is not recognized in this way.

Under the tax law, the balance of the loss cannot be deducted when calculating the taxable income. 3. The losses incurred by the enterprise can be covered by surplus reserves. The Surplus Reserve account is debited and the Profit Distribution - Surplus Reserve Deficit account is credited.

Assuming that you want to make a loss, increase the cost of expenses, reduce the management expenses and other projects, thank you!

If an enterprise incurs a loss in the current year, it generally uses the profit distribution account and the profit and profit account of the current year for relevant accounting. How should accountants make accounting entries?

Loss entries for the year.

The profit for the year is a summary account. The credit side registers the income realized by the enterprise in the current period, and the debit side registers the expenses and expenses incurred by the enterprise in the current period. After the credit amount is offset, if it is a credit balance, it means the net profit realized by the enterprise's operating activities in the current period, and if it is a debit balance, it means the loss incurred by the enterprise in the current period.

The specific entries are as follows:

Debit: Profit distribution - undistributed profits.

Credit: Profit for the year.

How to understand profit distribution?

Profit distribution refers to the distribution of profits available for distribution by the enterprise in accordance with the relevant provisions of the state, the articles of association of the enterprise, and the resolutions of investors. Enterprises should set up a "profit distribution" account to account for the distribution of profits (or compensation for losses) and the balance after distribution (or compensation) in previous years.

Profit distribution consists of the following detailed accounts:

1.Withdrawal of statutory surplus reserves".

2.Withdraw Discretionary Surplus Reserve

3."Cash dividends payable".

4."Surplus reserve to make up for deficit".

5.Undistributed Profits

6.Undistributed reversal profit (or uncovered loss).

What is the relationship between the profit for the year and the total profit?

The total profit is an item in the "income statement"; The profit of the year is an accounting account, and the profit of the year is also a summary account, and the profit account of the current year accounts for the net profit (or net loss incurred) realized by the enterprise in the current period.

Total profit = operating profit + non-operating income - non-operating expenses; Net Profit = Total Profit - Income Tax Expense.