How to do the accounting entries for the scrapping of commodities that have been provided for the de

Borrowing non-operating expenses.

Reserve loan for decline in inventory value.

Inventory items. Accounting entries are also known as "bookkeeping formulas". Abbreviated as "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.

Three elements. First, the direction of accounting (debit or credit).

2. Account name (accounting account).

Third, the amount. Class.

According to the number of accounts involved in accounting entries, they can be divided into simple entries and compound entries.

Simple entries refer to accounting entries that involve only two accounts, i.e., accounting entries that borrow one and one loan;

A compound entry is an accounting entry that involves two or more accounts, not including two.

Method. Chromatography.

Tomography refers to a method of solving problems that divides the development process of things into several stages and levels, and analyzes them layer by layer, so as to finally obtain results. The use of tomography to compile accounting entries is intuitive and clear, and the ideal teaching effect can be obtained, and the steps are as follows:

1. Analyze and list the accounting subjects involved in economic business.

2. Analyze the nature of accounting accounts, such as asset accounts, liability accounts, etc.

3. Analyze the increase and decrease of the amount of each accounting account.

4. According to the steps, the direction of the accounting account is judged in combination with the economic content (increase or decrease) reflected by the borrower and borrower of various accounts.

5. Prepare accounting entries according to the bookkeeping rules that there must be loans and loans must be equal.

This method is very effective for students to know exactly the accounting subjects involved in the accounting business, and is more suitable for the preparation of individual accounting entries.

Business Chain Method. The so-called business chain method refers to the preparation of accounting entries according to the sequence of accounting transactions, the formation of a continuous business chain, and the existence of a connected relationship between accounting entries before and after business.

This method is more effective for continuous economic business, especially for the direction of bookkeeping that is easy to be mistaken.

Accounting rules method.

The so-called bookkeeping rule method refers to the use of bookkeeping rules "there must be a loan, and the loan must be equal" to prepare accounting entries.

Non-operating expenses 11 000

Provision for decline in value of inventories 7 000

Credit Inventory of goods 18 000

Borrow: 11000 for administrative expenses

Provision for decline in value of inventories 7 000

Credit Inventory of goods 18 000

If the calculation result is positive, it means that the realizable value of inventory is lower than the cost price and there is a loss, so the provision for inventory decline will be made according to this number, and if it is negative, it does not need to be provided.

The specific accounting entries are as follows:

1. The first provision for price decline of a commodity:

Borrow: Asset Impairment Loss - Inventory Impairment Loss.

Credit: Provision for Decline in Value of Inventories - A Commodities.

2. The nth provision for price decline of commodity A:

Borrow: Asset impairment loss.

Credit: Provision for Decline in Value of Inventories - A Commodities.

3. The reversal of the provision for the decline in the price of a commodity:

Borrow: Provision for decline in value of inventories - a commodity.

Credit: Asset impairment loss.

4. A commodity price decline provision of the knot**

Borrow: production costs.

Credit: Raw Materials-B Materials.

Borrow: Inventory Decline Provision - B Materials.

Credit: Production costs.

Breakfast borrowing: management expenses or non-operating expenses.

Provision for decline in inventory value.

Loan: Deposit and stake goods.

Tax payable - VAT payable (input tax transferred out)

1. When the inventory is higher than its net realizable value.

, the enterprise shall be based on the difference between the net realizable value of inventory and the cost:

Borrow: Asset impairment loss.

Provision for decline in value of inventories.

Credit: Provision for decline in value of inventories.

2. When the provision for inventory decline that has been withdrawn is reversed, the amount increased by the recovery shall be used.

Borrow: Provision for decline in value of inventories.

Credit: Asset Impairment Loss - Provision for Inventory Decline.

3. The cost of inventory sales carried forward by the enterprise.

, for which a provision for inventory decline has been made.

Borrow: Provision for decline in value of inventories.

Credit: Cost of Principal Operations.

The sale of products or raw materials should be carried forward to the provision for the decline in the price of inventories.

Borrow: its business attendant touches the return book.

Credit: production capital, raw materials.

Borrow: Provision for decline in value of inventories.

Credit: its business capital.

Or make a combined transcript.

Borrow: its business capital.

Provision for decline in inventory value.

Credit: production capital, raw materials.

Provision for decline in value of inventory is only when the original factor of provision for decline in value disappears during the period of your holding of the inventory (if the value of the inventory rises due to other factors, it cannot be reversed, it must be the factor at the time of the original provision for decline in value), and when the provision for decline in value of inventory is reversed

Borrow: Inventory old hunger price drop provisions.

Credit: Asset impairment losses.

When the provision for inventory decline is made for inventory sales, the corresponding provision for inventory decline shall be reversed to write-off** into the corresponding cost, and the asset impairment loss shall not be offset):

Borrow: Provision for decline in value of inventories.

Credit: Cost of Principal Operations.

or other business costs.

If the calculation result is positive, it means that the realizable value of inventory is lower than the cost price and there is a loss, so the provision for inventory decline will be made according to this number, and if it is negative, it does not need to be provided.

The specific accounting entries are as follows:

1. The first provision for price decline of a commodity:

Borrow: Asset Impairment Loss - Inventory Impairment Loss.

Credit: Provision for Decline in Value of Inventories - A Commodities.

2. The nth provision for price decline of commodity A:

Borrow: Asset impairment loss.

Credit: Provision for Decline in Value of Inventories - A Commodities.

3. The reversal of the provision for the decline in the price of a commodity:

Borrow: Provision for decline in value of inventories - a commodity.

Credit: Asset impairment loss.

4. A commodity price decline provision of the knot**

Borrow: production costs.

Credit: Raw Materials-B Materials.

Borrow: Inventory Decline Provision - B Materials.

Credit: Production costs.

Accrual, reversal and carry-forward entries for inventory depreciation provisions:

Borrow: Provision for decline in value of inventories.

Credit: Asset Impairment Loss - Provision for Inventory Decline.

The provision for inventory decline accrued by the enterprise should be included in the profit or loss (asset impairment loss) for the current period.

Borrow: Asset impairment loss.

Credit: Provision for decline in value of inventories.

When the influencing factors of the previous write-down of inventory value have disappeared in Qinling, the amount of the write-down should be restored and reversed within the amount of the original provision for inventory decline, and the amount reversed should be included in the profit or loss (asset impairment loss) for the current period.

Borrow: Provision for decline in value of inventories.

Credit: Asset impairment loss.

Asset impairment lossesIt refers to the corresponding loss recognized by the provision for asset impairment losses after the enterprise has tested the assets and judged that the recoverable amount of the assets is lower than the book value of the pants on the balance sheet date. In principle, all assets of an enterprise should be recognized and measured in a timely manner when all assets are impaired, so asset impairment includes the impairment of all assets. However, depending on the nature of the assets, the specific criteria applied vary.