How to account for expired drugs, and how to deal with the accounting of expired drugs in retail pha

Resources; 1.Under normal circumstances, when the material is put into storage, it should be included in the inventory of goods or raw materials according to the invoice and the warehousing list, and then according to the issued outbound order to be included in the construction in progress and reduce the inventory of goods or raw materials, you now omit the step of warehousing, if you want to adjust, you can first use the red letter to flush out the original voucher directly included in the construction in progress, and redo: 1d+

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m,o as you originally did:; w5

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H, J borrowed: construction in progress.

100w credit: bank deposits.

100w Now, use the red letter to flush out the original subject.

Borrow: Construction in progress.

100w credit: bank deposits.

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Redo the material storage.

Borrow: Inventory of goods.

100w credit: bank deposits.

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According to the outbound order (the outbound order is attached to the back):

Borrow: Construction in progress.

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Credit: Inventory of goods. 100w)

d o This is the same as the original account, and the inventory of goods is borrowed and loaned. /t2o1e-

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2.After the completion of fixed assets, there must be a project acceptance record, project settlement statement (completion statement), and fixed assets that need to be compulsorily tested for safety (such as pressure pipelines, power distribution equipment, etc.) must also obtain the inspection and identification report of the relevant competent authorities. If the above documents are complete, the construction project can be carried forward to fixed assets.

The outbound order is not qualified as a voucher for transferring fixed assets.

The destruction must be filed with the Food and Drug Administration, and the corresponding bill will be issued, according to this bill, you can do it in a certain account, and I don't know much about accounting, but that's it.

According to GSP regulations.

There are special storage locations for expired drugs or non-conforming products. First, the expired drugs are transferred to the expired drug storage location, and then processed (returned to the factory, destroyed, etc.).

When dealing with the business of expired drugs in retail pharmacies, enterprises usually set up inventory goods, management expense bases, and property loss and excess accounts to be disposed of.

Accounting entries for expired drugs in retail pharmacies.

1. Retail pharmacies have expired and confirmed the loss of drugs

Borrow: Excess of property to be disposed of - Excess of current assets to be disposed of.

Credit: Inventory Commodities - Liang Annihilation of a Commodity

Tax Payable – VAT payable (input tax transferred out).

2. When it is processed after approval:

Borrow: Administrative expenses.

Credit: Excess of Property to be Processed - Excess of current assets to be disposed of.

What is the Pending Property Loss Account?

"Property loss and surplus to be disposed of" is an account in accounting, which belongs to the asset class account, which accounts for the profit, loss and damage of various property and materials that have been ascertained by the enterprise in the process of checking the property. The "Pending Property Loss and Surplus" account often sets up two detailed accounts, namely "Pending Fixed Asset Loss and Surplus" and "Pending Current Asset Loss and Surplus". The loss or excess of the property to be disposed of is directly related to the asset before the approval is reported, and is directly related to the current loss and excess after the approval is reported.

What is included in the tax payable?

The taxes payable refer to the various taxes and fees payable by an enterprise based on the operating income and profits realized within a certain period of time, in accordance with the provisions of the current tax law, and using a certain tax calculation method. The taxes payable include value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax, urban maintenance and construction tax, real estate tax, land use tax, vehicle and vessel tax, education surcharge and other taxes and fees paid by enterprises in accordance with the law, as well as individual income tax collected and paid by enterprises before being handed over to the state.

In the operation and management of daily socks and materials of an enterprise, if it involves the business of reporting the loss of expired drugs, it shall be accounted for through the accounts of "property loss and overflow to be disposed of" and "inventory goods". How do you do accounting processing?

Accounting entries for the loss of expired medicines.

1. Before the approval of the superior leaders, the specific accounting entries are as follows:

Borrow: Loss or overflow of property to be disposed of.

Credit: Inventory of goods.

2. After the approval of the superior leader, the specific accounting entries are as follows:

Borrow: Raw materials (where there is a surplus of material in storage).

Non-operating expenses - extraordinary losses (damage caused by abnormal causes such as natural disasters).

Other receivables – the name of the insurance company or the person at fault (if the insurance company and the person at fault are to be compensated).

Management expenses (in the event of damage due to general business losses such as loss or theft).

Credit: Pending property loss and overflow.

Among them, if the abnormal loss of drugs is stolen, lost, mildew and deteriorated due to poor management, it is necessary to transfer the input VAT out, and calculate it through the account of "tax payable - VAT payable (input tax transferred out)".

The content of the accounting of property loss and excess to be disposed of.

The value of the profit, loss and damage of various properties ascertained by the enterprise in the process of inventory of property to be disposed of accounts accounts for the value of the property loss and excess to be disposed of. Abnormal shortages and losses of materials in transit are also accounted for through this account. Enterprises can carry out detailed accounting of the account according to the types of assets and items of profit and loss.

The cause of the property loss and overflow of the enterprise should be ascertained, and the discussion should be completed before the end of the period, and there should be no balance in the account after the processing.

Accounting content of non-operating expense accounts.

The non-operating expenses account accounts for the various non-operating expenses incurred by the enterprise, including losses on disposal of non-current assets, losses on the exchange of non-monetary assets, losses on debt restructuring, expenses for public welfare donations, extraordinary losses, inventory losses, etc.

Loss recognized: Borrow: Property Loss and Excess to be Processed - Loss and Excess of Current Asset to be Treated: Commodity in Inventory - A Commodity.

Credit: Tax Payable - VAT Payable (Input Tax Transferred Out).

When it is disposed of after approval, it is scrapped because it is caused by normal reasons.

Entry: Debit: Administrative Expenses.

Credit: Excess of Property to be Processed - Excess of current assets to be disposed of.

Step 1: Borrow: main business income 15,000 tax payable - VAT (output tax) calculated by yourself.

Credit: Accounts receivable.

Borrow: Inventory of goods (cost).

Credit: Cost of Principal Operations.

Step 2: In this step, I think we should consider whether the input tax has been deducted from the debit: accounts payable.

Credit: Inventory of goods.

Tax Payable - VAT (Input Tax).

In the third part, you only need to recognize the income and carry forward the cost at the same time, but some units do not need to be carried forward at the same time, but at the end of the month.

Revenue Recognised: Debit: Bank Deposits.

Credit: main business income.

Tax Payable - VAT (Output Tax).

At the same time, borrow: the cost of main business.

Credit: Inventory of goods.

Maybe there is a bit of a problem in the second step, you can confirm it again, and finally send the correct answer, and everyone will learn together.

Borrow: Bank Deposits -15000 Credit: Main Business Income -15000

Borrow: Cost of Main Business -10500 Credit: Accounts Payable -10500 The goods went directly to the manufacturer.

There are only two methods: either directly enter the inventory increase, then issue an invoice or directly take out, and carry forward the cost; Or go directly to the Food and Drug Administration to apply for the loss of expired drugs, and also to the tax bureau to apply for loss reporting, which is very troublesome.

Expired drugs can be accounted for by increasing or decreasing inventory.

Losses recognized: Borrow: Excess of property to be disposed of - Excess of current assets to be disposed of.

Credit: Inventory Commodity - A Product.

Credit: Tax Payable - VAT Payable (Input Tax Transferred Out).

When it is disposed of after approval, it is scrapped because it is caused by normal reasons.

Entry: Debit: Administrative Expenses.

Credit: Excess of Property to be Processed - Excess of current assets to be disposed of.

1) The balance and the total amount of each account in the general ledger are equal to the credit and credit side; The general ledger shall be reconciled with the total balance of the sub-account and the balance sheet under its jurisdiction by account.

2) The total amount of the borrower and borrower in the cash receipt and payment journal should be consistent with the daily statement of the cash account and the amount of the borrower in the general ledger of the cash account; The inventory number of the cash inventory book should be reconciled with the actual cash on hand and the cash account general ledger balance.

3) The balance of the previous day, the amount of the borrower and the balance of the current day are consistent with the balance of the previous day, the amount of the credit and the balance of the current day in the report form of the current account of the interbank and the current day of the current day.

4) The balance of off-balance sheet accounts should be consistent with the relevant registers, and the management personnel of the blank important vouchers and valuable documents must check the number of people, uses, and inventories on the day to ensure accuracy.

1. Confirmed loss of expired drugs in retail pharmacies:

Borrow: Excess of property to be disposed of - Excess of current assets to be disposed of.

Credit: Inventory Commodity - A Product.

Credit: Tax Payable - VAT Payable (Input Tax Transferred Out).

2. When it is processed after approval:

Because it is a normal reason to cause scrap processing, entries:

Borrow: Administrative expenses.

Credit: Excess of Property to be Processed - Excess of current assets to be disposed of.

Article 10 of the Provisional Regulations on VAT stipulates that when the goods purchased or taxable services received by a taxpayer are not used for VAT taxable items, but are used for non-taxable items, tax-exempt items, or for collective welfare, personal consumption, etc., the input tax paid by the taxpayer cannot be deducted from the output VAT. In practice, there are often cases where the goods or taxable services purchased by the taxpayer in the current period have not been determined in advance to be used for production or non-production and operation, but the input tax amount has been deducted from the output tax in the current period, and when the purchased goods or taxable services that have been deducted from the input tax amount are repurposed for non-taxable items, tax-exempt items, collective welfare or personal consumption, etc., abnormal losses occur in the purchased goods, and abnormal losses occur in products and finished products. The input tax on the purchase of goods or taxable services should be deducted from the input tax incurred in the current period and recorded in the accounting treatment as "input tax transferred out".

With regard to the issue of the non-deduction of purchased goods and related taxable services with abnormal losses, Article 10 of the current Provisional Regulations on Value-Added Tax stipulates that the purchased goods and related taxable services with abnormal losses and the purchased goods or taxable services consumed in products and finished products with abnormal losses shall not be deducted from the output tax. Article 24 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-Added Tax stipulates that the term "abnormal loss" as mentioned in Article 10, Paragraph (2) of the Regulations refers to the loss caused by theft, loss, mildew and deterioration caused by poor management.

Expired medicines in retail pharmacies are the loss of spoilage.

The tax deduction will not come yet, and it will be dealt with as it should be handled.