How to account for the use of raw materials for the manufacture of finished products and for mainten

The value of the raw materials used is directly included in the maintenance fee, and the input tax can be transferred out.

Debit: Tax payable Input VAT transferred out.

Credit: Tax Payable Certified Input Tax.

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"Input VAT is transferred out"。

The so-called VAT input tax transfer is to transfer out the input tax that cannot be deducted according to the provisions of the tax law, but has been deducted at the time of purchase, and the amount is one in and one out, and the entry and exit are equal. Deemed sales refer to the fact that an enterprise has not made sales treatment for a certain business, but shall pay relevant taxes and fees as deemed sales according to the provisions of the tax law, and shall calculate and pay VAT output tax.

The main difference between the two is that the transfer of input tax is only the transfer of the part that is not deductible from the original input tax, without considering the value-added of the purchased goods; The deemed sales output tax is calculated based on the value of the goods after the value added, and the difference between them and the input VAT of the goods is the VAT payable.

It depends on whether you are a general taxpayer or a small-scale taxpayer, a general taxpayer:

Borrow: Management Expenses - Maintenance Costs.

Credit: raw materials.

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

Small-scale taxpayers:

Borrow: Management Expenses - Maintenance Costs.

Credit: raw materials.

Many industrial enterprises will encounter such problems, and there are many problems in industrial accounting, so let's take the most basic questions today, and take a look at what accounting subjects are usually involved in industrial accounting.

1. When the enterprise purchases raw materials:

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

2. When receiving raw materials:

Borrow: production costs - direct materials.

Credit: raw materials.

3. Sell finished products.

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

At the same time, carry forward costs.

Borrow: Cost of main business.

Credit: Inventory of goods.

Some people will wonder if when receiving materials, shouldn't they borrow goods from stock? But how can raw materials become inventory commodities before they are processed and produced?

There is also a step after the completion of the transfer of inventory goods, borrow: inventory goods loan: production cost - direct shortage of materials, production cost and operating cost are not the same, only the sale of goods will involve operating costs.

The difference between industrial accounting and commercial accounting is still very big, first of all, the accounting system is different, and the main difference is manifested in the characteristics of different industries and the characteristics of enterprises of different natures, and these characteristics will affect the design and selection of enterprise accounting methods. There are also some accounting subjects that are different, such as commercial accounting, there are no finished products, auxiliary production, semi-finished products, production costs and other subjects.

In fact, there are many branches of the accounting industry, and when you enter the industry, you should think about it, whether you want to be a commercial accounting or an industrial one, and the transformation may involve some knowledge that you have not been exposed to, so it is best to choose carefully.

The raw materials used in the production workshop for the production of products should be included in the accounting of production cost accounts, and the relevant accounting treatment should be done?

How to account for the raw materials used in the production workshop?

Regarding the processing of entries when receiving raw materials in the production workshop, the details are as follows:

1. When the enterprise receives the relevant raw materials, the corresponding accounting entries are treated as follows:

Borrow: Production cost - a product.

Credit: raw materials.

2. When the relevant accounting personnel carry forward the corresponding labor costs, the corresponding accounting entries are handled as follows:

Borrow: Production cost - a product.

Credit: Employee Compensation Payable.

Borrow: Production cost - a product.

Credit: Manufacturing expenses.

4. When the enterprise handles the warehousing of the corresponding finished products, the relevant accounting entries are as follows:

Borrow: Inventory Commodities - Product A.

Credit: Cost of Production - A product.

What is the cost of production?

Production costs refer to the production expenses incurred by the production unit for the production of products or the provision of labor services in the state, including various direct expenses and manufacturing expenses. Direct expenditure includes direct materials (raw materials, auxiliary materials, spare parts, fuel and power, etc.), direct wages (wages and subsidies of production personnel), and other direct expenses (such as welfare expenses); Manufacturing expenses refer to the expenses incurred by the branches and workshops in the enterprise for the organization and management of production, including the salaries, depreciation costs, maintenance costs, repair costs and other manufacturing expenses (office expenses, travel expenses, labor insurance premiums, etc.) incurred by the branch factories and workshops in the enterprise.

In order to calculate the production cost, the production cost account can be set up for accounting, and the basic production cost and auxiliary production cost account can be set up for accounting. Before the manufacturing expenses are included in the cost calculation object of each product, they should be collected and accounted for in the manufacturing expense account, and then allocated and included in the cost of each product according to a certain standard.

The cost of finished products in the current period can be calculated by adding the cost of products in progress at the beginning of the period and subtracting the cost of products at the end of the period.

When the enterprise produces the raw materials with the eyes, it is included in the production cost account, and the corresponding entries are: production cost - direct materials, credit: noisy grinding raw materials - xx materials.

Production costs refer to the production expenses incurred by the production unit for the production of products or the provision of services, including various direct expenditures and manufacturing expenses. Direct expenditure includes direct materials (raw materials, auxiliary materials, spare parts, fuel, power, etc.).