Accounting for inventory inventory, how to do accounting entries for inventory inventory

1. The loss of material A is 1500 kg, and the unit plan cost is 60 yuan (the difference rate of material cost is 1%).

Debit: Profit or loss on pending property 90 900

Credit: raw materials - a 90 000

Material cost variance 900

2. The loss of material B is 750 kg, and the unit plan cost is 90 yuan (the material cost difference rate is 1%).

Debit: Pending property gains and losses 68 175

Credit: Raw materials - B 67 500

Material cost variance 675

3. 765 pieces of product A were found to be damaged, and the actual cost of each piece was 50 yuan (the input tax on the materials consumed by 765 pieces of product A was 3,900 yuan).

Debit: Pending Property Gains and Losses 42150

Credit: Goods in stock - A 38250

Tax payable - VAT (in) 3900

4. After the approval of the relevant departments, the above inventory results shall be dealt with as follows: 600 kilograms of a material are caused by the dereliction of duty of the warehouse administrator, and the other 900 kilograms shall be caused by the imperfect management system and shall be included in the current expenses; b. The loss of material inventory is caused by inaccurate measurement, and the management cost should be reduced; The damage to the finished product is caused by an accident and shall be transferred to non-operating expenses in accordance with regulations.

1) 600 kilograms of a material is caused by the dereliction of duty of the warehouse manager, which should compensate for the loss, and the other 900 kilograms are caused by the imperfect management system and should be included in the current expenses.

Debit: Other receivables - xx 36 360

Administrative costs 54 540

Credit: Profit or loss on property to be disposed of 90 900

2) B material inventory loss is caused by inaccurate measurement, should be offset management costs;

Borrow: Administrative costs 68 175

Credit: Pending Property Gains and Losses 68 175

3) The damage to the finished product is caused by an accident and shall be transferred to non-operating expenses according to the regulations.

Borrow: Non-operating expenses 42150

Credit: Pending Property Gains and Losses 42150

1. Borrow: property loss and surplus to be disposed of - loss and surplus of current assets to be disposed of 90900 Credit: raw materials - A material 90000

Material cost variance 900

2. Borrow: property loss and surplus to be disposed of - current asset loss and surplus to be disposed of 68175 Credit: raw materials - B material 67500

Material cost variance 675

3. Borrow: loss and excess of property to be disposed of - loss and excess of current assets to be disposed of 42150 Credit: inventory commodities - product A 38250

Tax payable - VAT payable (input tax transferred out) 39004, debit: other receivables 36360 (600 * 60 * management expenses 122715 (54540 + 68175) non-operating expenses 42150

Credit: Loss and Excess of Property to be Treated - Excess of Pending Disposal of Current Assets 201225

1.Profit.

Pre-Approval: DR: Raw Materials, Inventory Goods, etc.

CR: Pending Property Gains and Losses.

Post-Approval: DR: Pending Property Gains and Losses.

CR: Management Expenses.

2.Inventory loss (resulting from poor management).

Pre-Approval: DR: Pending Property Gains and Losses.

CR: Raw material.

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

Post-approval: DR: Administrative Expense.

Other receivables (insurance money received, compensation for the wrongdoer, etc.).

CR: Pending Property Gains and Losses.

3.Inventory loss (caused by force majeure such as natural disasters).

Pre-Approval: DR: Pending Property Gains and Losses.

CR: Raw material.

Post-Approval: DR: Non-Operating Expenses.

Other receivables (insurance payments received, etc.).

CR: Pending Property Gains and Losses.

1. The profit and loss of inventory can only be processed after approval, and before approval, it can be accounted for by setting up a general classification account of "property profit and loss to be disposed of". Profit entries:

Debit: Inventory goods (raw materials, etc.).

Credit: Pending Property Gains and Losses.

Inventory loss entry: debit: profit or loss on property to be disposed of.

Credit: Inventory goods (raw materials, etc.).

2. For the treatment of inventory inventory results, the profit and loss should be dealt with separately

1) For the inventory of the surplus, it is generally caused by errors in the measurement or accounting of sending and receiving, so the management expenses should be written off accordingly.

Entry: Debit: Profit or loss on property to be disposed of.

Credit: Administrative expenses.

2) For inventory losses and lost inventories.

It is a natural loss within the quota and can be included in the "management expenses" after approval;

Losses caused by the liability of the negligent party, after deducting the value of the residual materials, shall be credited to the "other receivables" account and shall be charged to the insurance company and included in the "other receivables - insurance company".

The remaining net loss or the loss of the uninsured part shall be included in the "non-operating expenses", and if the loss includes the part of general operating losses, it shall be included in the "management expenses".

When an enterprise takes inventory, the methods commonly used include the on-site inventory method and the technical deduction algorithm. The result of the inventory is generally a profit or a loss, how should it be accounted for for the inventory inventory?

How is inventory accounted for?

Inventory inventory can be divided into two steps: the first step is to adjust the accounts to be consistent with the facts before approval; The second step is to carry forward the process after approval.

The following entries can be made when making a profit:

Borrow: raw materials, etc.

Credit: Pending property loss and overflow.

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

Credit: Administrative expenses.

When the inventory is lost, the following entries can be made:

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

Credit: raw materials, etc.

Tax payable – VAT payable (input VAT transferred out) (except for natural disaster reasons).

Borrow: Management expenses (normal wear and tear or poor management).

Other receivables (indemnified by the insurance company or the responsible person).

Non-operating expenses (extraordinary losses such as natural disasters).

Credit: Pending property loss and overflow.

What is an inventory check?

Inventory inventory refers to a special method to determine whether the actual quantity of inventory is consistent with the book balance through the physical inventory of inventory and check it with the book balance.

Through the inventory inventory, it can reflect the actual amount of the enterprise's inventory, ensure the authenticity of inventory accounting, and play an important role in supervising the safety and integrity of the inventory and further exploring the internal resources of the enterprise.

The methods of inventory inventory are divided into regular inventory and irregular inventory, as well as comprehensive inventory and partial inventory. Periodic inventory is to carry out inventory within the specified time, regular inventory may be a comprehensive inventory, or it may be a partial inventory, and the regular inventory of inventory is generally a comprehensive inventory; Irregular inventory is an inventory that is carried out at any time according to the need, and the irregular inventory may be a comprehensive inventory, or a partial inventory, and the irregular inventory of inventory is generally a partial inventory.

The reason for the profit and loss of the company's inventory.

The reason for the inventory surplus is usually caused by the error in the measurement or calculation of the enterprise's daily sending and receiving, that is, the normal loss, and the inventory surplus can be offset against the management expenses.

The reasons for the inventory deficit are the loss within the quota and the error in the measurement of the daily receipt and dispatch of inventory, that is, the normal loss, which is transferred to the management expense after approval. Artificially caused inventory losses. Inventory loss due to irresistible causes such as natural disasters is an abnormal loss.

In order to reflect and supervise the profit, loss and damage of various inventories ascertained by the enterprise in the course of property inventory, the enterprise shall set up an account of "property loss and surplus to be disposed of", and the debit side shall register the inventory loss, damage amount and the resale amount of inventory profit, and the credit side shall register the inventory profit amount and the resale amount of inventory loss. The various inventory losses and overages of the enterprise inventory should be handled before the end of the period, and there should be no balance in this account after the end of the period.

Inventory inventory refers to a special method to determine whether the actual quantity of inventory is consistent with the book balance through the physical inventory of inventory and check it with the book balance.

The method of inventory inventory is the physical inventory method. Inventory inventory is divided into comprehensive inventory and partial inventory according to the different fronts and scopes of the objects of inventory and rent. According to the inventory time, it is divided into regular inventory and irregular inventory.

Inventory inventory is the main means to check the storage and custody of the inventory of the silver world, determine whether the inventory accounts are consistent, and implement the responsibility of inventory storage.

Inventory inventory is mainly divided into two aspects: profit and loss

1) The inventory profit, the inventory of the enterprise in the property inventory, according to the amount listed in the "inventory inventory report", the preparation of accounting entries as follows:

Borrow: raw materials, turnover materials, inventory commodities, etc., credit: property loss and surplus to be disposed of - the loss and surplus of current assets to be disposed of, and the inventory of the surplus is usually caused by the error in the measurement or calculation of the daily receipt and dispatch of the enterprise, that is, the normal loss, the inventory of the surplus can be offset against the management expenses, and the accounting entries are as follows:

Borrow: Loss and Excess of Property to be Handled - Loss and Excess of Current Assets to be Disposed of, Credit: Management Expenses, 2) Inventory Loss, For the inventory loss, the enterprise shall prepare accounting entries according to the "Inventory Inventory Report" as follows:

Borrow: Loss and excess of property to be disposed of - Loss and excess of current assets to be disposed of, credit: raw materials, turnover materials, inventory commodities, etc., for inventory loss, transfer should be made according to the reasons for the inventory loss.

It belongs to the loss within the quota and the error in the measurement of the daily receipt and dispatch of inventory, that is, the normal loss, which is transferred to the management expense after approval.

Borrow: Management Expenses, Credit: Property Loss and Excess to be Handled - Loss and Excess of Current Assets to be Disposed of, for the loss that should be compensated by the negligent person, the following entries should be made:

Borrow: Other receivables, Credit: Loss and excess of property to be disposed of - Loss and excess of current assets to be disposed of, for inventory losses that occur due to reasons such as natural disasters and other reasons that cannot be answered against the rise of the front, that is, abnormal losses, the following entries should be made:

Borrow: Non-operating expenses - extraordinary losses, Credit: Losses and losses on property to be disposed of - Gains and losses on current assets to be disposed of.

For the inventory of the enterprise, the accountant should regularly or irregularly check and account for it, and there may be a profit and loss during the inventory, how to do accounting treatment for different situations?

Accounting entries for inventory inventory.

First, when the profit is made.

1. Before approval.

Borrow: Raw materials Inventory goods.

Credit: Pending property loss and overflow.

2. After approval.

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

Credit: Administrative expenses.

2. When the inventory is lost or damaged.

After being approved according to the management authority, the following situations will be dealt with according to the reasons for the loss or damage of the inventory

1. If the inventory shortage is caused by errors in measurement and receipt and mismanagement, the value of residual materials, recoverable insurance compensation and compensation for the negligent person should be deducted first, and the net loss should be included in the management expenses.

After approval according to the management authority.

Borrow: Administrative expenses.

Other receivables.

Credit: Pending property loss and overflow.

2. If the inventory is damaged due to natural disasters and other extraordinary reasons, the disposal income (such as the value of residual materials), recoverable insurance compensation and compensation for the negligent person shall be deducted first, and the net loss shall be included in the non-operating expenses. If the inventory is lost or damaged due to abnormal reasons, the input VAT that cannot be deducted according to the regulations shall be transferred out. If the purchased inventory is damaged due to natural disasters, the input tax can be deducted and does not need to be transferred out.

In the event that the inventory is damaged due to extraordinary reasons such as natural disasters.

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

Credit: Raw Materials Inventory Goods.

After approval according to the management authority.

Borrow: Non-operating expenses.

Other receivables.

Credit: Pending property loss and overflow.

What is a pending property loss?

The profit and loss of the property to be disposed of belongs to the asset class account, which mainly accounts for the profit, loss and damage of various property and materials that have been ascertained by the enterprise in the process of property inventory.