What does freight belong to in the accounting account of the enterprise

According to Article 6 of the Application Guide of Accounting Standards for Business Enterprises No. 1 - Inventory, the procurement cost of inventory includes the purchase price, relevant taxes, transportation costs, handling costs, insurance premiums and other expenses attributable to the cost of inventory procurement, so the freight in the procurement process constitutes the procurement cost and is included in the "raw materials".

Borrow: The cost of raw material A is 2000 yuan.

Pay 100 yuan for freight.

Credit: Bank deposit 2100 yuan.

Seller: If it is an advance freight, it will be included in [accounts receivable].

If it is borne by the seller, it will be included in the [sales expenses].

Buyer: The freight is included in the cost of the product - [material procurement] or [material procurement] and the freight can be deducted 7% of the input tax.

For example, if the freight is 100 yuan, the input tax is 100 * 7% = 7 yuan.

The cost of materials includes: purchase price, transportation and miscellaneous expenses, reasonable wear and tear during transportation, selection and sorting costs before warehousing, taxes and other expenses borne by purchased materials. Freight is added to the cost of the material along with the material.

If a variety of materials are purchased at the same time, what can be distinguished will be directly included in the actual cost of various materials;If it cannot be distinguished, the actual cost of various materials shall be reasonably apportioned and included in the proportion of the weight or purchase price of the materials.

Freight during the procurement process constitutes the cost of procurement.

The freight can be deducted from 7% of the input tax, is it a prerequisite to have a special VAT invoice???

Transportation costs are included in different accounts according to different circumstances:1. If it is the freight of the sale, it will be included in the sales expense

Borrow: Selling Expenses Shipping Costs.

Credit: Bank deposits.

2. If it is used as the cost of purchased assets, it can be included in the cost of assets

1) If freight is incurred for the purchase of fixed assets, then:

Debit: Fixed assets (the amount here includes the purchase amount of fixed assets and freight).

Credit: Bank deposits.

2) If freight is incurred for the purchase of inventory, then:

Debit: Raw Materials Inventory items (the amount here includes the shipping cost of purchasing inventory).

Credit: Bank deposits.

Accounting Scope for Sales Expense Accounts:

Various expenses incurred in the process of selling goods and materials and providing labor services, including insurance premiums, packaging costs, exhibition fees and advertising costs, commodity maintenance costs, estimated product quality assurance losses, transportation costs, loading and unloading costs, etc., as well as employee salaries, operating expenses, depreciation expenses and other operating expenses of sales agencies (including sales outlets, after-sales service outlets, etc.) specially set up for the sale of the company's commodities.

Shipping costs are included in the cost when purchased, and shipping costs at other times are included in the selling expenses.

What accounting account does the transportation cost belong to:

When selling goods, the payment of transportation costs belongs to the accounting account of the cost of the sales shed; When goods are purchased, the payment of transportation costs is an account for goods in stock or raw materials.

1. The chain freight when the general enterprise purchases goods is recorded in the procurement cost of the goods, and the accounts such as "raw materials", "materials in transit", "material procurement" and "inventory goods" are debited. When the freight cost of a commercial enterprise is small, it can be directly included in the current profit or loss and debited to the "Selling Expenses" account.

2. Description. Accounting Standards for Business Enterprises No. 1 - Inventory.

1. The cost of purchased inventory is the procurement cost of inventory, which refers to all the expenses incurred by the enterprise before the purchase of materials from procurement to warehousing, including the purchase price, relevant taxes, transportation costs, loading and unloading costs, insurance premiums and other expenses attributable to the inventory procurement cost.

2. The purchase expenses such as transportation costs, loading and unloading costs, insurance premiums and other expenses attributable to the cost of inventory procurement incurred by commodity circulation enterprises in the process of purchasing commodities shall be included in the cost of purchasing commodities.

In practice, enterprises can also collect the purchase expenses such as transportation costs, handling costs, insurance premiums and other expenses attributable to the cost of inventory procurement, and apportionment them according to the inventory and sales of the purchased goods at the end of the period. For the purchase cost of sold goods, it is included in the cost of main business; For the purchase of unsold goods, the cost of inventory at the end of the period is included.

If the purchase cost of the commodity purchased by the commodity circulation enterprise is small, it can be directly included in the current sales expense when it occurs.

When selling goods, the payment of freight is a sales expense account; When purchasing goods, the payment of freight is an account for goods in stock or raw materials.

1. The freight paid by the unit, which is related to sales, shall be included in the sales expenses; related to management, it shall be included in management expenses; If it is related to the purchase of raw materials, it shall be included in the cost of raw materials.

Borrow: Selling Expenses Shipping Costs.

Borrow: Administrative Expenses - Freight.

Borrow: raw materials - freight.

Debit: Tax payable - VAT payable (input tax) (general taxpayers obtain special tickets).

Credit: bank deposits and other accounts.

2. The freight expenses incurred by the construction enterprise for external construction.

Borrow: engineering construction - freight.

Credit: bank deposits and other accounts.

3. The freight expenses incurred by real estate enterprises in the development of real estate.

Borrow: Development Costs - Freight and Miscellaneous Expenses.

Credit: bank deposits and other accounts.

The freight received by the transportation enterprise shall be included in the main business income account; The freight received by non-transportation enterprises shall be included in the income account of other business air and banking services. Freight refers to the remuneration paid by the shipper, charterer or other interested parties for the transportation services provided by the carrier in sea or land transportation.

There are many classifications of freight: according to the time of payment, there are prepaid freight and collect freight; According to the voyage, there are direct shipping charges, transshipment charges, one-way freight and two-way freight; According to the shipping limit, there is a minimum shipping fee, a maximum shipping fee, and so on.

Freight is charged to the Accounts Receivable, Selling Expenses, or Material Purchase ledger accounts.

1. What accounting account is included in the freight?

1. Seller:

1) If it is an advance freight, it will be included in the accounts receivable account.

2) If it is borne by the seller, it will be included in the sales expense.

2. Buyer:

1) The freight is included in the cost of the product, and is included in the purchase of materials or materials.

2) And the freight can be deducted 7% input tax.

2. How to account for freight in the accounting account.

1. The freight received by the transportation enterprise shall be included in the main business income.

1) Borrow: bank deposits, accounts receivable.

2) Credit: main business income.

3) Credit: tax payable --- VAT payable (output tax).

2. The freight received by non-transportation enterprises shall be included in other business income.

1) Borrow: bank deposits, accounts receivable.

2) Credit: other business income.

3. The freight paid by the unit, which is related to sales, shall be included in the sales expenses; related to management, it shall be included in management expenses; If it is related to the purchase of raw materials, it shall be included in the cost of raw materials.

1) Borrow: sales expenses--- transportation and miscellaneous expenses.

2) Borrow: management expenses--- transportation and miscellaneous expenses.

3) Borrow: raw materials--- transportation and miscellaneous expenses.

4) Credit: tax payable --- VAT payable (output tax).

5) Credit: bank deposits, other payables, accounts payable.

6) Credit: tax payable --- VAT payable (output tax).

In the process of selling goods, it is generally accompanied by the occurrence of freight. What accounts should be used to account for freight expenses in practice?

What account is the freight accounted for?

Freight is divided into two situations: when selling goods, the payment of freight belongs to the sales expense accounting account, and the sales cost refers to the various expenses incurred in the process of selling goods and materials and providing labor services; When purchasing goods, the payment of freight is an account for goods in stock or raw materials.

Accounting entries related to freight expenses.

Accounting entries for the payment of shipping costs for the sale of goods:

Borrow: Selling expenses.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

The cost of purchasing materials is included in the cost of materials

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

Accounting entries for freight disbursements:

Debit: Accounts receivable.

Credit: Bank deposits.

Accounting entries for the recovery of disbursement freight:

Borrow: Bank deposit.

Credit: Accounts receivable.

Accounting entries for freight revenues.

1. If the enterprise is the main transportation unit, the transportation income obtained by providing transportation goods belongs to the main business income of the company, and the accounting entries are as follows:

Borrow: Bank deposit.

Credit: The main business income of circular disturbance.

Tax Payable – VAT payable (output tax).

2. If the enterprise is not the main transportation unit, it belongs to the concurrent operation, and does not belong to the main business but belongs to other businesses, it will be included in the accounting of other business income, and the following accounting entries can be made:

Borrow: Bank deposit.

Credit: Other business income.

Tax Payable – VAT payable (output tax).

Seller: If the freight is included in the [accounts receivable], if it is borne by the seller, it will be included in the [sales expenses]; Buyer: The freight is included in the cost of the product - [material procurement] or [material procurement].

The specific content of the accounting object is different, and the management requirements are also different. In order to account for and supervise the occurrence of various economic operations in a classified manner, as well as the increase or decrease of various assets, liabilities, owners' equity, and profits and losses caused by them, it is necessary to set up separate accounting accounts according to each accounting object.

The setting of accounting subjects is a method of scientific classification of the specific content of accounting objects, and is a method of classification accounting and supervision.

Freight is a selling expense ledger account.

Logistics and transportation are an indispensable part of the company's business activities. Whether it is the purchase of raw materials, the sale of products or the transportation of materials in the production process, you need to pay the corresponding transportation costs. According to the Accounting Standards for Business Enterprises, transportation expenses should be attributed to the "selling expenses" or "administrative expenses" account.

Specifically, if the transportation costs are incurred during the sales process, then they should be included in the Sales Charges account. If it occurs in the course of administration, it should be included in the "Administrative Expenses" account. In practice, enterprises can set up specific accounting accounts according to their own situation.

In general, larger businesses will list their shipping expenses as a separate account in order to better control and manage their shipping costs. For small businesses, transportation costs and other related expenses can be included in the "sales expenses" or "management expenses" account of the travel group.

Ledger account classification

1. Classification according to the accounting elements to which they belong: asset accounts: according to the liquidity of assets, they are divided into accounts reflecting current assets and accounts reflecting non-current assets.

Liabilities are divided into accounts that reflect current liabilities and long-term negative debts according to the maturity of liabilities. Common Subjects:

Common accounts are characterized by the need to define their nature in the direction of their closing balances.

2. Classification according to the degree of detail of its accounting information: In order to make the accounting information provided by the enterprise better meet the different requirements of each accounting information user, the accounting subjects must be divided according to the degree of detail of their accounting information. In general, ledger accounts can be divided into general ledger accounts and detailed account classifications.

3. Classification according to its economic use: economic use refers to what economic indicators can be provided by the accounting subject. According to the economic purpose, the accounting accounts can be divided into inventory accounts, settlement accounts, inter-period apportionment accounts, capital accounts, adjustment accounts, collective distribution accounts, cost calculation accounts, profit and loss calculation accounts and financial results accounts.

The above content refers to Encyclopedia - Accounting Subjects.