What type of account is the long term amortized expense, and whether the credit is increased or decr

Long-term amortized expenses are asset-class accounts with reduced credits.

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year. Long-term amortized expenses cannot be fully included in the profit or loss of the current year, but should be amortized in subsequent years, including the improvement expenses of leased fixed assets and other amortized expenses with an amortization period of more than one year. According to the new accounting standards, start-up costs and repair costs are included in profit or loss for the current period in a lump sum.

Among them, the start-up cost is included in the current management expenses, and the repair costs are included in the sales expenses or management expenses (that is, the repair costs are all expensed). Among them, start-up expenses refer to the expenses incurred by the enterprise during the preparation period, including employee salaries, office expenses, training expenses, travel expenses, printing costs, registration fees and borrowing costs that are not included in the value of fixed assets. Expenses to be amortized with an amortization period of more than one year are amortized in accordance with the provisions of this account.

The amount in the balance sheet reflects the amortized value of the company's various long-term amortized expenses that have not yet been amortized.

Long-term amortized expenses are asset-class accounts, with debits increasing and credits decreasing. It is used to register the expenses that the enterprise has incurred and should be borne by the current period but the sharing period is more than one year. For example, the improvement expenses incurred in leasing fixed assets in the form of operating leases.

What does the reduction in long-term amortized costs indicate?

Long-term amortized expenses are long-term assets, which are the expenses that have been incurred by enterprises. When financial personnel usually encounter the problem of fixed asset repair expenses, they can treat them as long-term amortized expenses. What type of account does long-term deferred expenses fall into?

What do lenders say? In response to the above questions, this article will answer them in detail.

What type of account does long-term deferred expenses fall into?

Long-term amortized expenses are asset class accounts.

Long-term amortized expenses: refer to the expenses that have been incurred by the enterprise but have an amortization period of more than 1 year (excluding 1 year), mainly including the repair expenses of fixed assets, the improvement expenses of leased fixed assets and other expenses to be amortized with an amortization period of more than 1 year.

Long-term amortized expense borrowers.

The debit side of the long-term amortized expense indicates an increase in the long-term amortized expense, and the credit side indicates a decrease in the long-term amortized expense.

The debit balance at the end of this account reflects the amortized value of the long-term amortized expenses that have not been amortized.

The main content of long-term expense amortization.

1. When the method of amortization is adopted for major repair of fixed assets, the actual major repair expenditure should be amortized evenly during the interval between major repairs;

2. For the improvement expenditure of leased fixed assets, it should be amortized equally within the shorter period of the lease term and the remaining useful life of the leased assets;

3. For the handling fee paid by the shares **** entrusted to other units to issue **, as a long-term amortized expense, it should be included in the good or round management expenses, and amortized evenly within a period of no more than 2 years.

When does the long-term amortization start to be amortized?

Accounting entries for long-term amortized expenses.

1. When it happens:

Borrow: Long-term amortized expenses.

Credit: bank deposits, etc.

2. When amortized:

Borrow: manufacturing costs.

management fees, etc.

Credit: Long-term amortized expenses.

Whether the balance of long-term amortized expenses is on the debit or credit side: Debit.

Long-term amortized expense borrowing direction: "long-term amortized expense" belongs to the asset class account, the debit side indicates an increase, and the credit side indicates a decrease, that is, when the long-term amortized expense occurs, it is credited to the debit side of the account, and when the long-term amortized expense is amortized during the amortization period, the account is credited, and the balance of the long-term amortized expense at the end of the period represents the amortized value of the long-term amortized expense that has not been amortized by the enterprise.

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding), including start-up expenses, leased fixed assets improvement expenses, etc. Long-term amortized expenses, because the benefit period of the expenses is more than one year, according to the accrual principle, cannot be fully included in the current profit or loss, and need to be amortized and included in the profit or loss in the current period and subsequent years.

When an enterprise incurs long-term amortized expenses, this account is debited and accounts such as "bank deposits", "accounts payable" and "raw materials" are credited. During the amortization period, the amortization of long-term amortized expenses is debited from the relevant profit and loss accounts, such as "management expenses" and "production costs", and credited to this account.

At the end of the period, the long-term amortized expense is the debit balance, which represents the amortized value of the long-term amortized expense that has not been fully amortized by the enterprise, that is, the long-term amortized expense that needs to be amortized in the following accounting period. If there is a credit balance, it generally means that the amount of amortization of the enterprise is wrong, and the final amortization result of the long-term amortized expense is 0, indicating that the expense is fully amortized.

The long-term amortized expenses of enterprises are expenses with an amortization period of more than one year, and common expenses include fixed asset repair expenses and improvement expenses of leased fixed assets. What should long-term amortized expenses belong to in practice? How do I do my accounting?

What is the long-term amortized expense?

Long-term amortized expenses are the expenses that the account is used to account for the expenses that have been incurred by the enterprise, but the amortization period is more than 1 year (excluding 1 year), which belongs to the asset class account, which generally includes the repair expenses of fixed assets, the improvement expenses of leased fixed assets and other expenses to be amortized with an amortization period of more than 1 year.

An asset class account is an account that reflects the increase or decrease of assets. According to the speed of asset realization, the asset account can be divided into two categories: current assets and non-current assets, the current asset account mainly includes cash in hand, bank deposits, short-term investment, accounts receivable, raw materials, inventory commodities, etc., and the non-current asset account includes the account that reflects the long-term investment, fixed assets, accumulated depreciation, intangible assets, long-term amortized expenses and other assets, creditor's rights and other rights of the enterprise.

Accounting treatment of long-term amortized expenses.

1.When it happens:

Borrow: long-term amortized expenses (bank deposits paid, cost of materials received, etc.).

Tax Payable Fee – VAT payable (input tax).

Credit: bank deposits, raw materials, etc.

2.At the time of amortization:

Debit: management expenses, sales expenses, etc. (the debit account is determined according to the principle of benefit apportionment, and amortized according to the mountain period).

Credit: Long-term amortized expenses.

The expenditure of long-term amortized expenses shall be amortized in installments from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.

Answer: Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than 1 year (excluding 1 year). It includes expenses for the repair of fixed assets, expenses for the improvement of leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

Long-term amortized expenses are asset-class accounts, with the debit representing the expenses awaiting amortization and the credit indicating the expenses that have been amortized.

The long-term amortized expenses incurred by the enterprise shall be debited to this account and credited to the relevant account. Debited when amortizing long-term amortized expenses"Management fees"、"Selling expenses"and other accounts, credit this account.

Account settings. What are the precautions for long-term amortized expense accounting?

Long-term amortized expenses"The account is used to account for the expenses that have been incurred by the enterprise but have an amortization period of more than 1 year (excluding 1 year), including the repair expenses of fixed assets, the improvement expenses of leased fixed assets and other amortized expenses with an amortization period of more than 1 year. In"Long-term amortized expenses"Under the account, the enterprise should set up a sub-account according to the type of expense, carry out detailed accounting, and disclose its amortized value, amortization period and amortization method according to the expense items in the notes to the accounting statements.

Basic principles of long-term amortized cost accounting.

1) The expenses incurred by the enterprise during the preparation period, except for the purchase and construction of fixed assets, should be collected in the long-term amortized expenses first, and shall be included in the profit or loss of the current period of production and operation after the enterprise starts production and operation.

2) The improvement expenses of leased fixed assets shall be amortized equally over the shorter period of the lease term and the expected useful life.

3) If the expenditure on major repairs of fixed assets adopts the method of amortization, the actual expenses for major repairs shall be amortized evenly during the interval between major repairs.

4) The handling fee or commission paid by the shares **** entrusted to other units to issue ** minus the interest income during the freezing period of the issuance ** is not enough to offset from the premium of the issuance **, or there is no premium, as a long-term amortization expense, amortized evenly within a period of no more than 2 years, included in the management expenses.

5) Other long-term amortized expenses shall be amortized evenly over the benefit period.

As part of the assets of the enterprise, it naturally belongs to the debit account, and then it is recorded in the corresponding expenses when amortized, and other precautions in the credit amortization and long-term amortization are also explained in detail above.

Long-term amortized expenses belong to the borrowing direction of asset accounts.

Asset class section slippery which eye:

There are usually cash in hand, bank deposits, other monetary funds, trading financial assets, notes receivable, accounts receivable, prepaid accounts, dividends receivable, and interest receivable. Other receivables, bad debt provisions, material procurement, packaging.

Cash in hand, bank deposits, other monetary funds, trading financial assets, notes receivable, accounts receivable, prepaid accounts, interest receivable, other receivables, bad debt provisions. An asset class account is an account that reflects the increase or decrease of assets.

Asset accounts can be divided into two categories: current assets and non-current assets according to the speed of asset realization (liquidity), which are used to account for the increase, decrease, change and balance of various assets.

The monetary funds letter code includes:

Cash, bank deposits, and other goods. As far as the specific content of the scope of monetary funds audit is concerned, it mainly includes:

1. Review the company's internal control system related to cash.

2. Verify the balance of monetary funds, including checking the general or macro account and the sub-ledger, counting the cash in hand on the audit date, and preparing the balance reconciliation statement of all bank statements on the settlement date.

3. Verify the legitimacy and compliance of cash and bank deposit receipts and expenditures.

Long-term amortized expenses

Long-term amortized expenses are the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including the repair expenses of fixed assets, the improvement expenses of leased fixed assets and other expenses to be amortized with an amortization period of more than one year. In layman's terms, long-term amortized expenses are those expenses that have an amortization period of more than 1 year.

For example, the office building has been renovated with 200,000 yuan, and the decoration can be used for 5 years, but the decoration money will be paid in full that year, and according to the payment term, the 200,000 yuan should all enter the current cost, but according to the use period, the amortization should actually be amortized according to 5 years.

At this time, the 200,000 yuan should be included in the long-term amortized expenses and amortized into the current profit and loss according to the 5-year amortization.

It is an asset class account.

Long-term amortization expenses are used to account for various expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including fixed asset repair expenses, improvement expenses of leased fixed assets and other amortized expenses with an amortization period of more than one year.

Under the "long-term amortized expenses" account, the enterprise should set up a detailed account according to the type of expenses, conduct detailed accounting, and disclose its amortized value, amortization period, amortization method, etc. according to the cost items of the bureau rotation lease in the notes to the accounting statements.