What does the red letter mean in accounting? Thank you.

The red letter indicates the account name or.

Bookkeeping direction. There is a mistake or direction

Golden Hundred. Forehead.

Errors and other serious errors, corresponding to the blue letter is.

Positive number. , the red letter indicates a negative number.

Financial redletters. Reversal.

The method is also known as the red-letter adjustment method, that is, a set of degrees is exactly the same as the wrong account with the red-letter first.

Accounting vouchers. to be reversed, and then a correct set is compiled in blue.

Accounting entries. This method is suitable for:

Ledger accounts. Erroneous accounts or accounts that are incorrectly used or are not incorrectly used, but the actual amount recorded is greater than the amount that should be recorded.

Extended Information: Q.

Red-letter reversal method.

Practical situation in accounting accounting.

1. If it is found that there is an error in the account or bookkeeping direction in the accounting voucher, first fill in an accounting voucher consistent with the original content with the amount in red letters, and register it with the amount in red letters.

Credited to the account, indicated in the summary column"Reversal of the Month and Day voucher is incorrect"to reverse the original error record. Then fill in a correct voucher in blue and re-register it.

2. If the account is correct, and the actual amount is greater than the amount that should be recorded for correction, the amount will be overcharged.

Fill in the accounting vouchers.

The amount in red is recorded in the accounts, and the difference greater than the deductible amount is reversed to correct the wrong account.

1. Hypothetical village.

Collective economic organization.

I used a bank deposit of 890 yuan to buy fertilizer and put it into storage, and mistakenly filled in the voucher as 980 yuan, and it has been recorded.

Borrow: Inventory assets.

Credit: Bank deposits.

2. When correcting, fill in the following red letter amount voucher and give it.

Punch up. Borrow: Stockpiled supplies.

Credit: Bank deposits.

The red-letter reversal method, also known as the red-letter correction method, is also known as the red-letter adjustment method, that is, a set of accounting vouchers that are exactly the same as the erroneous accounts are prepared in red, and then a set of correct accounting entries are prepared in blue. This method is suitable for erroneous accounts where the accounting account is used incorrectly or the actual recorded amount is greater than the deserved amount although the accounting account is not used incorrectly. Under normal circumstances, when the error is found in time and does not affect the subsequent accounting, the red-letter reversal method is used in many ways.

The difference between red-letter reversal and blue-letter reversal is as follows:

1. The red-letter reversal will not affect the cumulative amount, and the blue-letter reversal will inflate (exaggerate) the cumulative amount;

2. In the manual account, the difference between the red-letter write-off and the blue-letter write-off is limited to the first article;

3. In the financial software, the account reversal with automatic carry-over items can only be reversed in red, and the blue-word reversal cannot be used, otherwise it will cause the automatic carry-over value to be incorrect.

Redletter correction method.

This applies to both cases:

1. According to the accounting voucher.

After the recorded content is recorded, it is found that the debitable and creditable accounts in the accounting voucher are found.

or there is an error in the direction of bookkeeping, the red-letter correction method should be used. When making corrections, first fill in an accounting voucher consistent with the original content with the amount in red, and register it in the account with the amount in red, and indicate in the summary column that the error of the multiplication voucher for multiplying the month and day is indicated, and the original error record is reversed. Then fill in a correct voucher in blue and re-register it;

2. When the account is correct and the actual amount is greater than the amount to be recorded for correction, the over-recorded amount will be filled in the accounting voucher, and the amount in red will be recorded in the account, and the difference greater than the debitable amount will be reversed to correct the wrong account.

Reversal slip: A voucher created to correct an erroneous account caused by an erroneous slip, which has the same debit account and balance as the erroneous slip, but has a negative balance.

The reversal voucher grinding and cautionary steps are as follows:

1. Open the interface of filling in the voucher, click on the interface of the first voucher of the next month, click the "Insert Voucher" menu, fill in a voucher casually, and delete the voucher to create a broken number;

2. Click on the newly generated No. 1 voucher interface, invalidate, and then click on the document preparation and sorting voucher, do not sort out the voucher number;

3. Click General ledger in turn.

In the Settings and Options menu, check the voucher numbering method as manual numbering;

4. Open the interface of filling in the voucher, click the menu of making a document and reversing the voucher, enter the voucher information that needs to be reversed, and click OK to generate a reversal voucher, and modify the voucher number to 0001.

Scarlet letters. Difference Between Reversal and Blue Reversal:

1. The red-letter reversal will not affect the cumulative amount, and the blue-letter reversal will inflate (exaggerate) the cumulative amount;

2. In the manual account, the difference between the red-letter write-off and the blue-letter write-off is limited to the first article;

3. In the financial software, the account reversal with automatic carry-over items can only be reversed in red, and cannot be reversed in blue, otherwise it will cause the automatic carry-forward value to be incorrect.

First, the first type should generally be adopted, I have done it in large state-owned enterprises before, and the adjustment vouchers are directly flushed. If it is the second case, it will increase the amount of bank deposits, and the cash flow will definitely have an impact.

Second, the correct approach should be:

Borrow: Administrative fee 100 (in red).

Credit: Bank deposit 100 (red).

3. The amount of extra vouchers will affect the cumulative number, and the red flush will restore the actual amount. In the case of electronic accounting, due to the automatic transfer of vouchers, after the automatic transfer, there will be a balance on the credit side of the management fee.

Accounting entries for red-letter reversals:

Seller Hongchong:

Debit: Accounts receivable debit red, credit: main business income credit red, credit: tax payable - VAT payable - output tax credit red, borrow: main business cost debit red, credit: inventory goods and other credit red, purchaser red: red

Debit: Inventory goods, raw materials, fixed assets, etc., credit: tax payable - VAT payable - input tax transferred out of the credit blue, credit: accounts payable and other credit red.

You only made the wrong entry for the carry-forward cost, and you made the same entry in red: the cost of the main business.

Credit: Profit for the year.

The amount is in red), and it is possible to borrow on it after making a correct one: the cost of the main business is 4500

Credit: Inventory of goods.

1. If the accounting account is wrong or the loan is written in reverse, the red-letter reversal is to write an accounting entry that is exactly the same as the original, and the amount is written in red;

2. If the amount is written more, just write an entry that is the same as the original accounting entry, and the amount is the amount that is more, written in red.

The amount is in red.

In the red-letter correction method, it is found that there are errors in the debitable and creditable accounts in the accounting vouchers after bookkeeping. The method of correction is to fill in a voucher in red that is exactly the same as the original voucher.

In the summary column, it is written that "a certain number voucher of a certain month and a certain day is cancelled", and the account is registered in red to indicate the cancellation of the original accounting voucher, and then the correct accounting voucher is filled in blue, and the account is registered in blue accordingly.