About ledger account 5 for material warehousing

First of all, the actual cost (the actual cost spent), the planned cost (before the purchase, agreed on the **, for the overrun difference and the savings difference with the material cost difference response).

Material Purchase Account T-Structure Debit: Increase Actual Cost.

Credit: Reduction Planned costs transferred out Transferred out Material cost variances (also possible on the debit side) The closing balance represents materials in transit.

Before the material purchase is not put into storage, it represents the materials in transit, and after the warehousing carries forward the raw materials (planned cost) raw materials, the difference between planned costing and actual costing. Before warehousing, plan the cost and use the material purchase account; Materials in transit are used before the actual cost is put into storage. Both debits are increased, and the increase value is the same After warehousing, the planned cost carries forward the material procurement, and the difference between the cost of raw materials and materials is the actual cost, so why is he divided into two parts, the reason is for performance appraisal, for the reward of saving, and the penalty for overspending; The actual cost is all raw materials.

So your first sentence is wrong! "Under the planned cost, the purchased materials must be used regardless of whether they are put into storage or not"Material procurement" ”ㄨ

1.The purchased materials are raw materials, and the materials that are not stored are the material purchases.

2.Raw materials and material purchases are both asset classes, so borrow-increase, loan-decrease.

3.If the materials are put into storage, it means that the raw materials have arrived, and they have increased; And the material procurement is transformed into raw materials, so the material procurement is gone, and it is counted as a reduction. So borrow - raw materials, lend - material procurement.

Is it understandable? If you don't understand, ask me again!

I may not be able to type clearly, I'll try to tell you about it Under the planned costing method, in addition to material procurement, there is also a material cost difference For example, if you buy a thing and spend 1200 The plan is 1000 When you buy it, you write Borrow 1200 for material purchase 1200 Credit Bank deposit 1200 (excluding taxes) But you spend 200 more to reflect it Thank you for another one Borrow 1000 Raw materials 1000 Material cost difference 200 Credit Material procurement 1200 I say this, can you understand If you can't understand q2530662908

The materials have been inspected into the warehouse, and the payment has been paid or issued, and the commercial draft (payment + goods arrived) has been accepted

borrow raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank Deposits (Paid, Collected, Accepted) Other Monetary Funds (Bank Drafts) Bills Payable (Commercial Drafts).

The payment has been paid or issued, accepted commercial bills, the materials have not yet arrived or have not been inspected into the warehouse (payment + goods have not arrived).

Borrow: Supplies in transit.

Tax Payable – VAT payable (input tax).

Credit, bank deposits, etc.

After checking the receipts:

borrow raw materials.

Loan of goods in transit.

Types of Accounting Entries:

There are two types of accounting entries: simple entries and compound entries, of which simple entries are entries that borrow and loan; Compound entries are one loan multiple credit entries, multiple loan one loan, and multiple loan multiple credit entries.

It should be pointed out that, in order to maintain a clear correspondence between accounts, it is generally not appropriate to merge different economic operations together and prepare accounting entries for multiple loans and loans. However, in some special circumstances, in order to reflect the overall picture of economic operations, it is also possible to prepare accounting entries for multiple loans and loans.

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.

Beginners can follow these steps when preparing accounting entries:

First, the accounts involved, analyze which accounts involved in economic transactions have changed;

second, the nature of the accounts, the nature of the accounts involved in the analysis, i.e. what accounting elements they belong to, whether they are on the left or right side of the accounting equation;

Third, the increase or decrease of the situation, analysis to determine whether these accounts have increased or decreased, and what is the amount of increase or decrease;

Fourth: the direction of bookkeeping, according to the nature of the account and its increase or decrease changes, determine the debit or credit to the account;

Fifth: Prepare complete accounting entries according to the format requirements of accounting entries.

If it is a general taxpayer, the usual accounting entries are as follows.

borrow raw materials.

Debit: Tax Payable - VAT Payable - Input Tax.

Credit: Accounts payable (or bank deposits).

In the case of small-scale taxpayers, the entries are as follows.

borrow raw materials.

Credit: Accounts payable (or bank deposits).

The accounting entries for the material sales and the large draft are as follows:

1. The payment has been paid, the invoice has arrived, and the materials have been inspected and received into the warehouse

borrow raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

The material storage should be filled in the sub-ledger.

2. If the payment has not been paid, the invoice has arrived, and the materials have been inspected and received into the warehouse

borrow raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

3. If the payment has not been paid, the invoice has not arrived, and the materials have been inspected and received into the warehouse

Provisional Accounting: Debit: Raw Materials.

Credit: Accounts Payable – Provisional accounts payable.

At the beginning of next month, prepare accounting entries in red and flush back:

Debit: Accounts Payable – Provisional accounts payable.

Credit: raw materials.

Raw materials should be carried forward to costs after they are used in production.

4. The payment has been paid, the invoice has arrived, and the materials have not been inspected into the warehouse

Borrow: Supplies in transit.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

The material is received and inspected into the imitation warehouse:

Borrow: the original loss of filial piety materials.

Loan of goods in transit.

Raw materials refer to all kinds of raw materials, main materials and purchased semi-finished products that are processed by an enterprise in the production process to change their form or nature and constitute the main entity of the product, as well as auxiliary materials that do not constitute the entity of the product but contribute to the formation of the product. The daily receipt and delivery and balance of raw materials can be based on actual costing or planned costing.

Material storageAccounting entriesIt is written as follows:

1. The payment for the stove has been paid, the invoice has arrived, and the materials have been inspected and stored in the warehouse.

borrow raw materials. Taxes and fees due.

VAT payable (input tax.

Credit: Bank deposits.

2. If the payment has not been paid, the invoice has arrived, and the materials have been inspected and received into the warehouse

borrow raw materials. Tax Payable – VAT payable (input tax).Credit: Accounts payable.

3. If the payment has not been paid, the invoice has not arrived, and the materials have been inspected and received into the warehouse

Provisional Accounting: Debit: Raw Materials. Accounts Payable: Provisional Accounts Payable.

In red letters at the beginning of the next month.

Preparation of accounting entries for reversal, debit: accounts payable - provisional accounts payable; Credit: raw materials.

4. The payment has been paid, the invoice has arrived, and the materials have not been inspected into the warehouse

Borrow: Supplies in transit. Tax Payable – VAT payable (input tax).Credit: Bank deposits.

The materials are received and inspected in the warehouse, borrowed: raw materials; Loan of goods in transit.

Accounting entriesAlso known as: bookkeeping formula, referred to as entries refers to bookkeeping according to double-entry.

Principle, a record that lists the accounts of both parties and their amounts corresponding to each economic transaction. Accounting entries are accounting documents.

The simplified form is the embodiment of the principle of double-entry accounting and the data basis of accounting bookkeeping.

Before registering the account, the accounting entries are prepared through the accounting vouchers, which can clearly reflect the classification of economic operations, which is conducive to ensuring the correctness of the account records and facilitating subsequent inspection.

The accounting entries for raw material warehousing are as follows:1. The payment has been paid, the invoice has arrived, and the materials have been inspected and received into the warehouse

borrow raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

2. If the payment has not been paid, the invoice has arrived, and the materials have been inspected and received into the warehouse

borrow raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts payable.

3. If the payment has not been paid, the invoice has not arrived, and the materials have been inspected and received into the warehouse

Provisional Accounting: Debit: Raw Materials.

Credit: Accounts Payable - Provisional Accounts Payable.

At the beginning of next month, prepare accounting entries in red and flush back:

Debit: Accounts Payable – Provisional accounts payable.

Credit: raw materials.

4. The payment has been paid, the invoice has arrived, and the materials have not been inspected into the warehouse

Borrow: Supplies in transit.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

The materials are received and inspected in the library

borrow raw materials.

Loan of goods in transit.

Introduction to the Raw Material Row Ascending KeyRaw materials refer to all kinds of raw materials, main materials and purchased semi-finished products that are processed by an enterprise in the production process to change their form or nature and constitute the main entity of the product, as well as auxiliary materials that do not constitute the entity of the product but contribute to the formation of the product. The daily sending, receiving and receiving and balance of raw materials can be based on actual cost accounting or planned cost accounting.

The raw material account accounts for the planned or actual cost of various materials in the enterprise's inventory, including raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), spare parts for repair (spare parts), packaging materials, fuel, etc. The debit balance at the end of this account reflects the planned or actual cost of the materials in stock in the enterprise.

When borrowing: raw materials; Credit: Bank deposits or accounts payable.

When leaving the warehouse, borrow: production costs; Credit: raw materials.

Semi-finished products are generally transferred from the production cost to the loan: semi-finished product loan: production cost Semi-finished product out of the warehouse may be production requisition, management department requisition or sales borrow: production cost, management expenses, other business costs Credit: semi-finished products.

Before making each entry, it is necessary to figure out what the result of the business that has occurred, and then think about how to make the entry. Secondly, before making each entry, we must figure out whether the business that occurs affects the project on the left or the right side of the equation, as Mr. Zhao Yubao said, just like driving, what situation should Chang Zhengbi go to the left direction, what situation should go to the right to hit the steering wheel, there must be a conditioned reflex, Naiju as soon as he sees the business content in the question, he can immediately think of which should be borrowed and which should be loaned.

The subjects on the left and right sides of the equal sign should be more familiar, at least you should know the commonly used accounts, and figure out why this account belongs to assets and why that account belongs to liabilities, which will be of great help to make entries.

If the outbound order is for the sale of inventory goods: debit: bank deposit or accounts receivable credit:

Income from main business Tax payable - VAT payable - output tax Then carry forward the cost Borrow: Cost of main business Credit: Inventory goods If the material is used to produce the product Borrow:

Production cost - a certain product Credit: raw materials if a certain department receives materials What do you do Loan: management expenses Sales expenses Manufacturing expenses Credit:

Raw materials Inventory commodities if used for employee benefits Borrow: Employee remuneration payable - Employee benefits Credit: Inventory commodities.

When the actual cost of raw materials is purchased, the payment has been paid, and the goods have not been put into storage

Borrow: Supplies in transit.

Debit: Tax Payable - VAT Payable - Input Tax.

Credit: Bank deposits.

The actual cost of the materials transferred to the warehouse is calculated and carried forward by the material inspection into the warehouse

borrow raw materials.

Loan of goods in transit.

Accounting entries when materials are put into production:

Borrow: production costs.

Credit: raw materials.

Settlement of the cost of the finished product**

Borrow: Inventory of goods.

Credit: Production costs.

Extended Information:Accounting Processing:

1) When the enterprise pays the price of materials and transportation and miscellaneous expenses, etc., the amount included in the material procurement cost shall be debited according to the amount of the material procurement cost due to the year, and the "tax payable - VAT payable" shall be debited according to the deductible value-added tax amount

Input Tax)" account.

Accounts such as "Bank Deposits", "Cash", "Funds in Other Currencies", "Accounts Payable", "Notes Payable", "Accounts Advanced" are credited on the basis of actual payments or payables.

If small-scale taxpayers cannot deduct VAT, the amount of materials purchased shall be paid. This account is debited and accounts such as Bank Deposits, Accounts Payable, Notes Payable, etc., are credited.

2) If the purchase of materials exceeds the normal credit terms and the payment of the price is deferred (such as the purchase of materials in installments), which is essentially of a financing nature, the amount of the present value of the purchase price shall be applied.

This account is debited to the deductible VAT amount to the "Tax Payable – VAT Payable (Input Tax)" account, to the amount payable, to the "Long-term Payable" account, and to the "Unrecognized Financing Expense" account to the difference.

3) At the end of the month, the enterprise should transfer the purchased receipt voucher from the warehouse to deal with the following different situations:

1. For the receipt voucher of the commercial draft that has been paid or has been issued and accepted (including the receipt voucher of payment or issuance and acceptance of commercial bill).

Accounts such as "Raw Materials", "Packaging and Low-Value Consumables" should be debited at planned costs and credited to this account at actual costs.

The actual cost is debited to the "Material Cost Variance" account and credited to this account for the difference in the planned cost; The difference between the actual cost and the planned cost is reversed.

2. For the receipt voucher that has not yet received the invoice bill, it should be provisionally estimated and recorded according to the planned cost, and the accounts such as "raw materials", "packaging and low-value consumables" should be debited, and "accounts payable" should be credited

Provisional Accounts Payable" account is reversed as a reverse entry at the beginning of the next month.

For the next month's payment or issuance, and the positive acceptance of commercial bills, this account and the "tax payable - VAT payable (input tax)" account are debited, and the "bank deposit", "notes payable" and other accounts are credited.

4) The debit balance at the end of the period of this section reflects the procurement cost of materials in transit that the enterprise has received the invoice bill payment or has issued and accepted the commercial bill, but has not yet arrived or has not yet been inspected and received into the warehouse.