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Anonymous users2024-02-07The loss of the previous year cannot be carried forward to this year's "current year's profit".
The loss of the previous year should be in the "Profit Distribution, Undistributed Profit", and the year-end balance of the current year's profit should also be carried forward to the "Profit Distribution - Undistributed Profit".
The profit of the year refers to the net profit (or net loss) of an enterprise in a certain fiscal year, which is calculated and determined by the composition of the company's profit, and is a dynamic indicator formed by the gradual accumulation of the enterprise from January to December of the calendar year. The profit for the year is a summary account.
Accounting for the current year's profits:
1. This account accounts for the net profit (or net loss) realized by the enterprise in the current period.
2. When the profit is carried forward at the end of the period (month), the amount of each profit and loss account shall be transferred to this account and the profit and loss account shall be settled. The credit balance of the subject after the carry-forward is the net profit realized in the current period; The debit balance is the net loss incurred in the current period.
3. At the end of the year, the net profit realized in the current year after the income and expenditure of the current year are offset shall be transferred to the "profit distribution" account, debited to this account, and credited to the "profit distribution - undistributed profits" account; For example, make the opposite accounting entry for the net loss. There should be no balance in this account after the carryover.
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Anonymous users2024-02-06No. The income statement is made according to the amount incurred, and the profit of the year should be transferred to the undistributed profit at the end of the year, that is, at the end of 07, and there is no balance at the end of the year.
If it's a loss.
Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
The income statement for '08 is based on the amount incurred in '08 and excludes the number of '07.
Addendum: The undistributed profit on the balance sheet in '08 is the undistributed profit of previous years + profit for the current year.
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Anonymous users2024-02-05The profit of the current year should be transferred to the undistributed profit at the end of the year, that is, at the end of 07, and there is no balance at the end of the year.
If it's a loss.
Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
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Anonymous users2024-02-04The year-end carry-over of the year's profit includes two methods: the statement method and the account settlement method.
In the case of the statement settlement method, at the end of each month, only the amount incurred in the current month and the accumulated balance at the end of the month are calculated for each profit and loss account, and the "profit for the year" account is not carried forward. However, at the end of each month, the total amount of the current month of the profit and loss account should be filled in the current month column of the income statement, and the accumulated balance at the end of the month should be filled in the current year's cumulative number column of the income statement, so as to reflect the profit (or loss) of each period through the income statement calculation.
In the case of the account settlement method, a transfer voucher needs to be prepared at the end of each month, and the balance of each profit and loss account calculated on the account will be transferred to the "current year's profit" account, and the balance of the "current year's profit" account after the carry-over reflects the profit realized or the loss incurred in the current month.
Among them, the balance is credited, and the accounting entries are: debited to the "Profit of the Year" account and credited to the "Profit Distribution - Undistributed Profit" account;
The balance is debited (loss) and the accounting entries are: debited to the "Profit Distribution - Undistributed Profit" account and credited to the "Profit this year" account.
After the current year's profit is carried forward, there should be no balance in the "This year's profit" account.
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Anonymous users2024-02-031. When the profit of the year reflects the loss at the end of each month, there is no need to carry forward the profit of the current year, and only the undistributed profit account of profit distribution --- is carried forward at the end of the year, and its entries are:
Borrow: Profit for the current year.
Credit: Profit Distribution - Undistributed Profits.
2. When the current year's profit is profitable: the current year's profit is debited.
Undistributed profits are credited --- profit distributions.
The current year's profit is carried forward to the profit distribution - the undistributed profit is a necessary entry for each enterprise's year-end accounts, and has nothing to do with profit and loss.
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Anonymous users2024-02-02Carry forward revenue to current year profits. Borrow: main business income.
Credit: Profit for the year.
Carry forward expenses to the current year's profit.
Borrow: Profit for the current year.
Credit: Administrative expenses.
Finance Expenses. After the carry-forward is completed, a credit balance appears on the profit account for the current year.
Carry forward the current year's profit to the profit distribution.
Borrow: Profit for the current year.
Credit: Profit Distribution - Undistributed Profits.
Accounting Treatment:1. This part reflects the net profit (or net loss) realized by the enterprise in the current period.
2. When the enterprise carries forward the profit at the end of the period (month), it shall transfer the amount of each profit and loss account to the account of the department to balance the profit and loss account. The credit balance after the carry-forward of this paragraph is the net profit realized in the current period; The debit balance is the net loss incurred during the period.
3. At the end of the year, the net profit of the current year will be transferred to the "profit distribution" account, and the "profit distribution - undistributed profit" account will be debited; If the net loss is reversed. There is no balance after the carryover.
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Anonymous users2024-02-01The profit account of the current year is the debit balance, indicating that the operating result of the current year is a loss, and the balance is directly carried forward to the profit distribution account and left to be made up in the following years, and the specific entries are:
Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
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Anonymous users2024-01-31At the end of the year, the current year's profit is carried forward to the profit distribution --- undistributed profit account.
When profitable: Debit this year's profit Credit the profit distribution --- undistributed profit.
In case of loss: Debit undistributed profit profit Credit current year's profit.
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Anonymous users2024-01-30Carry forward revenue to current year profits.
Borrow: main business income 40,000.
Credit: The current year's profit is 40,000 and the expenses are carried forward to the current year's profit.
Borrow: profit for the year 3200.
Credit: Administrative expenses 2000.
After the financial expense of 1200 is carried forward, the credit balance of 36800 appears in the profit account for the current year.
Carry forward the current year's profit to the profit distribution.
Borrow: profit for the year 36800.
Credit: Profit distribution.
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Anonymous users2024-01-29When the profit of the current year reflects the loss at the end of each month, the profit of the current year does not need to be carried forward, and only the undistributed profit account of the profit distribution --- at the end of the year is carried forward, and its entries are:
Borrow: Profit for the current year.
Credit: Profit Distribution - Undistributed Profits.
When the current year's profit is profitable: The current year's profit is debited.
Undistributed profits are credited --- profit distributions.
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Anonymous users2024-01-28When the current year's profit reflects a loss at the end of each month, it is not necessary to carry forward the current year's profit, only at the end of the year, it is carried forward to the profit distribution - undistributed profit account, the entry of which is debit: current year's profit credit: profit distribution - undistributed profit.
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Anonymous users2024-01-27Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
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Anonymous users2024-01-26Regardless of the profit of the year.
Whether there is a loss, the current year's profit must be carried forward at the end of the year, and after the carryover, there is no balance of this year's profit.
Carry forward entries. Borrow: Profit distribution.
Undistributed profits.
Credit: Profit for the year.
For example: Carry forward revenue to current year profits.
Borrow: main business income.
Credit: 40,000 profit for the year
Carry forward expenses to the current year's profit.
Borrow: profit for the year 3200.
Credit: Administrative expenses 2000.
Finance costs 1200
After the carry-forward is completed, the credit balance of the current year's profit account 36800 is carried forward to the profit distribution.
Borrow: profit for the year 36800.
Credit: Profit distribution - undistributed profit 36800
There is no direct carryover.
The accrued wages shall be withdrawn according to the object of the commitment. Among them: the wages of production workers are included in the production cost (including the basic production cost of the basic production workshop, and the auxiliary production workshop is included in the auxiliary production cost), the workshop management personnel are included in the manufacturing expenses, the sales personnel are included in the sales expenses, the construction personnel are included in the construction in progress, and other managers are included in the management expenses. >>>More
Profit for the year. On the credit side, the net profit realized for the period is described. >>>More
No, I don't need to. This is a liability where when calculating payroll, you charge the salary to the relevant costs or expenses, which are carried forward to the current year's profit. Wages payable do not need to be transferred. >>>More
It needs to be carried forward, and after the carryover, there is no balance at the end of the year's profit account.
Both lines of thought are correct, but the second method is wrong at the time of carryover, which should be: >>>More