How to carry forward costs when the accountant actually makes the accounts

Cost of Finished Product Carry-forward: Borrow: Goods in Stock (Finished Product) Credit: Cost of Production.

Cost of Sales Carryforward: Borrow: Cost of Sales Sen: Goods in Inventory (Finished Products).

Manufacturing Expense Carryed: Borrow: Production Cost Credit: Manufacturing Expense.

According to the weighted average method, it should be (100*50+200*60) (100+200).

1. Production cost carryover.

d: Production cost of raw materials.

Manufacturing costs. Direct labor.

C: Raw materials.

Manufacturing costs. Direct labor.

2. Carry-over of work-in-process costs.

d: WIP.

c: Production cost of raw materials.

Manufacturing costs. Direct labor.

3. Carry-over of finished product costs.

d: Inventory goods.

C: WIP.

4. Carry-over of cost of goods sold.

d: Cost of main business.

c: Inventory goods.

The above is for reference.

1. Carryover. 1. Carry-over refers to the transfer of the balance or difference of one account to another account at the end of the period.

2. The so-called "carry-forward" is an important specific business in accounting work, usually it is the practice of transferring the amount and balance of an accounting account to the account or another accounting account, which is called carry-over.

3. There are roughly four purposes of carry-over:

One is to settle the balance of this account;

second, to calculate the cost for the reporting period; Rough hand tremors.

third, it is to calculate the profit and loss and the realization of profit in the current period; That.

Fourth, in order to maintain the continuity of accounting work, it is necessary to transfer the balance at the end of the current fiscal year to the next fiscal year.

2. The items that need to be carried forward are roughly as follows:

1. Carry forward the manufacturing expenses, and transfer the balance of manufacturing expenses to the production costs before calculating the costs at the end of the period, and the entries are.

Borrow the cost of production.

Credit manufacturing expenses.

2. Carry forward the cost of finished products, transfer out the production costs borne by finished products, and the entries are.

Borrow inventory items.

Credit production costs.

3. Carry forward the cost of sales, carry forward the inventory cost of the products sold, and the entries are.

Borrowing the cost of the main business.

Credit inventory goods.

4. After all the above is completed, the year-end carry-over, the income category is carried forward first, and the entries are.

Borrowing main business income.

Other business income.

Non-operating income.

Credit for the current year's profits.

5. Re-carry forward the cost of expenses.

Borrow the current year's profits.

Credit Cost of Principal Operations.

Other operating expenses.

Non-operating expenses.

Sales tax and surcharges.

Management Expenses Selling expenses.

Financial expenses 6. Finally, the balance of the current year's profit will be transferred to the profit distribution Undistributed profit (which can be done at the end of the year), the entry is.

Profit. Borrow the current year's profits.

Credit Profit Rock Failure Distribution Undistributed Profit.

Loss. Borrow Profit Distribution – Undistributed profits.

Credit for the current year's profits.

Carry forward material cost accounting entries:

According to the department of receiving materials, they are included in different accounting accounts

Borrow: production costs (production workshop requisition), borrow: manufacturing expenses (workshop management department to receive the base skin), borrow: management expenses (administrative department receiving), borrow: sales expenses (sales department receiving), credit: raw materials, materials external **knot**

1) Recognition of income, borrow: bank deposits, etc., credit: other business income, credit: tax payable - VAT payable - output tax, 2) carry-forward costs, borrow: other business costs, credit: raw materials.

Extended Information: Accounting entries are also known as"Accounting formulas"。Abbreviation"Entries"。

According to the requirements of the double-entry bookkeeping principle, it lists the corresponding accounts of both parties and their amounts for each economic transaction. Before registering accounts, the preparation of accounting entries through accounting vouchers can clearly reflect the classification of economic operations, which is conducive to ensuring the correctness of account records and facilitating post-event inspection. Each accounting entry mainly consists of the accounting symbol, the relevant account name, summary and amount.

There are two types of accounting entries: simple entries and compound entries. Simple entries are also called"Single entries"。Refers to an accounting entry that corresponds to the debit of one account and the credit of another.

Compound entries are also known as"Multiple entries"。It refers to an accounting entry that corresponds to the debit of one account and the credit of several accounts, or the credit of one account to the debit of several accounts.

Bank deposits refer to the monetary funds deposited by a business in a bank. According to the provisions of the national cash management and settlement system, every enterprise must open an account in the bank, called settlement account deposit, which is used to handle deposits, withdrawals and transfer settlements. In accounting, silver and bad bank deposits belong to the asset class.

The closing balance is on the debit side. In accounting entries, the debit side indicates an increase. Lenders indicated a decrease.

Other operating costs refer to the expenses incurred by the enterprise in daily business activities other than the main business activities. Other operating costs include the cost of materials sold, the depreciation of leased fixed assets, the amortization of leased intangible assets, the cost or amortization of leased packaging, etc. If the cost model is used to measure investment real estate, the depreciation or amortization amount of investment real estate also constitutes other business costs.

Enterprises should set up"Other business costs"Accounts for the expenses incurred in daily business activities other than the main business activities recognized by the enterprise. Other business costs incurred by the enterprise are debited to this account and credited"Raw materials"、"Turnover materials"、"Accumulated depreciation"、"Accumulated amortization"、"Employee compensation payable"、"Bank deposits"and other subjects. "Other business costs"Accounts are accounted for in detail according to the types of other business costs.

At the end of the period,"Other business costs"Account balances are transferred in"Profit for the year"Accounts, after carry-over,"Other business costs"There is no balance on the account.

Borrowing the cost of the main business.

Credit inventory goods.

Generate revenue from the sale of products.

Borrow: Bank deposit.

Credit: main business income.

The tax payable --- the VAT payable (output tax).

Carry forward the cost of the sold product.

Borrowing the cost of the main business.

Credit inventory goods.

Accounting entries for the cost of the main business that are omitted from filial piety, borrowing: main business cost, inventory decline provision [if any] credit: inventory goods, contract performance costs, etc.

At the end of the period, borrowing the first bad coincidence: the current year's profit loan: the cost of main business.

The cost of main business refers to the cost incurred by an enterprise in recurring activities such as selling goods and providing services.

<> enterprises usually carry out cost carry-over at the end of the month, and there should be no balance after the cost carry-over, and the cost carry-over will generally involve the main business cost account, the current year's profit account, etc.

Accounting entries for cost carry-forwards.

Borrow the current year's profits.

Credit Cost of Principal Operations.

Other business costs

Non-operating expenses.

Taxes and surcharges.

Carry forward the accounting entries for the income account.

Borrowing main business income.

Other business income.

Non-operating income.

Credit for the current year's profits.

Accounting entries for expenses carried forward.

Borrow the current year's profits.

Credit: Selling expenses.

Management fees. Finance Expenses.

What is the profit for the year?

The profit of the year refers to the net loss or net profit of the enterprise in a certain accounting year, which belongs to the owner's equity account, and the profit of the year is a summary account.

1. The credit side of the current year's profit is registered as the income realized by the enterprise in the current period, including: main business income, non-operating income, other business income, investment income, subsidy income, etc.

2. The debit side of this year's profit is registered as the various expenses and expenses incurred by the enterprise in the current period, including: main business costs, non-operating expenses, sales expenses, management expenses, financial expenses, other business costs, taxes and surcharges, investment income, income tax, etc.

Accounting entries for the year's profits.

1. Carry-over income:

Borrowing main business income.

Other business income.

Non-operating income.

Credit for the current year's profits.

2. Carry forward costs, fees and taxes.

Borrow the current year's profits.

Credit Cost of Principal Operations.

Taxes and surcharges.

Other business costs

Selling expenses. Profit for the year

Management fees. Finance Expenses.

Non-operating expenses.

Income tax expense.

3. Carry-over investment income:

1) Net income:

Borrow: Investment income.

Credit for the current year's profits.

2) Net loss:

Borrow the current year's profits.

Credit: Investment income.

4. Annual carry-over profit distribution:

1) Net profit realized for the current year after offsetting the income and expenses of the current year:

Borrow the current year's profits.

Credit: Profit distribution – undistributed profit.

2) In the case of a loss:

Borrow: Profit distribution before the song - undistributed profits.

Credit for the current year's profits.

1. When adjusting the overpaid fee:

Tax Payable – VAT payable (input VAT to be certified) (in red).

Credit: Bank deposits (in red).

2. When adjusting the less incoming fee:

Tax Payable – VAT payable (input tax to be certified).

Credit: Bank deposits.

The adjustment of over-entry and under-entry expenses shall be accounted for through red or blue accounts such as "management expenses", and relevant red or blue accounts such as "taxes and fees payable". Management expenses refer to the various expenses incurred by the administrative department of the enterprise for the organization and management of production and business activities.

When carrying forward costs, the debit side is accounted for through the main business cost account, and the credit side is accounted for through the inventory goods or labor cost account. The accounting treatment of the carry-forward cost is: debit: main business cost - cost of sales, main business cost - labor cost, credit:

Inventory goods - such and such a product, labor costs - labor.

That's the format of the entry!!

The profit of the year refers to the net profit or net loss of an enterprise in a certain accounting year, which belongs to the owner's equity account. It is calculated and determined by the composition of corporate profits, and is a dynamic indicator formed by the gradual accumulation of enterprises from January to December of the Gregorian calendar year.

The profit for the year is a summary account. The income realized by the credit registered enterprise in the current period, including main business income, other business income, investment income, subsidy income, non-operating income, etc.; The expenses and expenses incurred by the debit registered enterprise in the current period include main business costs, other business costs, taxes and surcharges, sales expenses, management expenses, financial expenses, investment income, non-operating expenses, income tax, etc.