What is the overview of the exchange of non monetary assets?

1. Characteristics of the exchange of non-monetary assets.

The exchange of non-monetary assets is the exchange of non-monetary assets such as inventory, fixed assets, intangible assets and long-term equity investments. The exchange involves no or only a small amount of monetary assets (i.e. boot). Among them, monetary assets are the monetary funds held by enterprises and assets that will be collected in a fixed or determinable amount, including cash, bank deposits, accounts receivable and notes receivable, as well as bond investments that are ready to be held to maturity.

Non-monetary assets are assets other than monetary assets.

II. Determination of the Exchange of Non-Monetary Assets.

The exchange involving a small amount of monetary assets is determined to be an exchange of non-monetary assets, and the reference ratio is usually whether the proportion of the boot to the total asset exchange amount is less than 25%. If the proportion of the monetary assets paid to the fair value of the exchanged assets (or the sum of the fair value of the surrendered assets and the monetary assets paid), or the proportion of the monetary assets received to the fair value of the surrendered assets (or the sum of the fair value of the exchanged assets and the monetary assets received) is less than 25%, it is regarded as a non-monetary asset exchange; If it is higher than 25% (including 25%), it will be regarded as a monetary asset exchange.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as inventory, fixed assets, intangible assets and long-term equity investments, which generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium.

Determination of the recorded value of the exchange of non-monetary assets for the exchange of assets: with commercial substance and the fair value can be reliably measured, measured at fair value 1, when there is no premium payment, the recorded value of the exchanged asset = the fair value of the surrendered asset, 2, where there is a situation where boot is paid, the recorded value of the exchanged asset = the fair value of the swapped asset, if the fair value of the swapped asset cannot be accurately measured, the fair value of the corresponding surrendered asset plus or minus the boot paid or received is determined. According to the title, the recorded value of the assets exchanged by company A = the fair value of the raw materials of company B = 2.25 million, and the value-added tax is not included in the recorded value.

In this question, the VAT is paid separately for the exchange of non-monetary assets, so the difference in VAT is not included in the cost.

Borrow: Raw materials 225

Tax Payable - VAT (Input).

Credit: main business income - a 150

Revenue from main business - b 30

Tax Payable - VAT (Output).

Bank deposit 45 (premium).

bank deposit VAT paid separately).

Cost carry-forward entries are not written.

The exchange of non-monetary assets refers to the exchange of non-delayed monetary assets such as fixed assets, intangible assets and long-term equity investments between the two parties to the transaction, and the exchange generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium. Its characteristics are as follows:

1.The transaction objects of non-monetary asset exchange are mainly non-monetary assets;

2.The exchange of non-monetary assets is the act of exchanging non-monetary assets.

3.Non-monetary assets generally do not involve monetary assets, but sometimes a small amount of monetary assets may also be involved.

Non-monetary assets refer to assets other than monetary assets, including inventories, fixed assets, intangible assets, equity investments and bond investments that are not intended to be held to maturity.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as fixed assets, intangible assets and long-term equity investments, which generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium.

Its characteristics are as follows:

1.The transaction objects of non-monetary asset exchange are mainly non-monetary assets;

2.The exchange of non-monetary assets is the act of exchanging non-monetary assets;

3.The exchange of non-monetary assets generally does not involve monetary assets, but sometimes a small amount of monetary assets may also be involved.

Accounting Standard for Business Enterprises No. 7 - Exchange of Non-Monetary Assets (hereinafter referred to as the Standard for the Exchange of Non-Monetary Assets) focuses on the determination of the cost of assets exchanged for non-monetary assets and the recognition of gains and losses arising from asset exchange.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as fixed assets, intangible assets and long-term equity investments between the two parties of the transaction, which generally does not involve monetary assets or only a small amount of monetary assets, i.e., premium. Its characteristics are as follows:

1. The transaction object of non-monetary asset exchange is mainly non-monetary assets, 2. Non-monetary asset exchange is the act of exchanging non-monetary assets, 3. Non-monetary asset exchange generally does not involve monetary assets, but sometimes it may involve a small amount of monetary assets.

In the case of a non-monetary asset exchange, the proportion of the boot to the total asset exchange amount is less than 25%, and the proportion of the monetary asset paid to the fair value of the exchanged asset (or the sum of the fair value of the surrendered asset and the monetary asset paid) is less than 25%, or the proportion of the monetary asset received to the fair value of the surrendered asset (or the sum of the fair value of the exchanged asset and the monetary asset received) is less than 25%.

It is regarded as the exchange of non-monetary assets, and the non-monetary asset exchange standard shall apply; If it is higher than 25% (including 25%), it shall be deemed to have obtained non-monetary assets with monetary assets, and other relevant accounting standards shall apply.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as inventory, fixed assets, intangible assets and long-term equity investments. The exchange involves no or only a small amount of monetary assets (i.e. boot).