What is the cost of principal business in the accounting period

The specific process is as follows: Step 1: The financial accountant reviews the original vouchers collected, reviews the legitimacy and authenticity of the bills, and signs the original vouchers after the audit and submits them to the financial manager for review and signature The second step:

Classify the original voucher signed by the financial manager and hand it over to the general manager for approval Step 3: Make the accounting voucher after the original voucher approved by the general manager, and print it for the financial manager to review.

It's easy to explain this separately, but it's hard to explain it when it comes together.

Generally speaking, the accounting period is a full accounting year, that is, from January 1 to December 31 of each year.

The cost of main business is a transitional account that calculates the actual cost of selling goods or providing services in the current period and carries forward to the profit of the current year at the end of the period, and there is no balance at the end of the period. Normally, 12 carry-forwards are required per fiscal year.

If it comes together, it's up to you how you understand it.

The cost of main business refers to the direct cost that the company must invest in the production and sale of products or services related to the main business, mainly including raw materials, labor costs (wages) and depreciation of fixed assets. "Cost of Principal Business" is used to calculate the actual costs incurred by an enterprise in connection with its daily activities such as selling goods, providing services, or transferring the right to use assets. Under the "Cost of Main Business" account, a sub-account should be set up according to the type of main business for detailed accounting.

At the end of the period, the balance of this account should be transferred to the "Profit of the Year" account, after which there should be no balance in this account.

The cost of main business is an expense account, which mainly records the costs and expenses closely related to the main business. Note that the cost of non-core business cannot be recorded in this account, but can only be recorded in other business costs or non-operating expense accounts.

The cost of main business refers to the cost incurred by the enterprise in the sale of goods or the provision of services in its daily business activities, and at the end of the month, the cost of the products that the enterprise has sold and the services that have been provided should be carried forward.

1.Carry forward the cost of goods sold.

Borrow: Cost of main business.

Credit: Inventory of goods.

2.The cost of main business is carried forward at the end of the period.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

What are the valuation methods for the cost of goods sold?

1.FIFO method.

In this method, the inventory purchased by the enterprise is issued in priority over the inventory purchased later. When calculating the cost of inventory using this method, it is necessary to register the quantity, unit price and amount of each incoming inventory one by one, and calculate the cost of the issued inventory and the cost of the inventory at the end of the period according to the principle of first-in-first-out inventory when issuing inventory. The FIFO method is a large amount of work, but the cost of issuing inventory can be deposited at any time.

2.Individual Valuation Method.

The individual valuation method is a method of identifying the unit of inventory issued separately as the cost of the inventory and the cost of the inventory issued. The best way to use this spike method is to stock stocks that are small in quantity and of high value.

3.Moving weighted average.

This method is to classify and calculate according to the actual cost of the enterprise's inventory, and recalculate the unit cost based on the quantity and amount of each batch of inventory in the warehouse and the quantity and amount of the inventory in the previous balance. That is, this method is characterized by the fact that the unit cost needs to be recalculated every time the inventory is put into the warehouse. This method calculates the cost of inventory more accurately, but it also requires a relatively large amount of work.

4.Month-end weighted average method.

This method is based on the inventory purchase volume of the current month and the inventory quantity at the beginning of the previous month as the weight, removing the total purchase cost of the month plus the inventory cost at the beginning of the month, and calculating the weighted average unit cost of inventory, based on which the cost of inventory issued in the current month and the cost of inventory at the end of the period are calculated. This approach is useful for simplifying the cost calculation.

The cost of main business refers to the cost of jujube in the business activities such as selling goods and providing labor services. The cost of principal business belongs to the cost account, the debit side represents the increase, and the credit side represents the amount carried forward or decreased. At the end of the month, the enterprise should calculate the cost of the main business that should be carried forward according to the actual cost of selling various commodities and providing various services in the current month, debit this account, and credit the accounts of "inventory goods" and "labor cost stool".

Profit and loss accounts.

The cost of principal business is a profit and loss account, with the debit side indicating an increase in the cost of principal business and the credit side indicating a decrease in the cost of principal business.

Generally, when an enterprise recognizes revenue as "main business income" when selling goods or providing chain services, etc., the cost incurred in the sale of goods or the provision of labor services is transferred to the debit side of the "main business cost" account. (The starting pattern of the accounting entries is: borrow:.)

Cost of main business, credit: inventory of goods, labor costs, etc.).

Because the cost of main business is a profit and loss account, and there is no balance at the end of the month, the balance of the "cost of main business" account is transferred to the "profit of the year" at the end of each month. (The accounting entries are: debit: profit for the year, credit: cost of main business).

Introduction to the cost of main business:

The cost of main business refers to the cost incurred by an enterprise in recurrent activities such as selling goods and providing labor services, such as raw materials, labor costs and depreciation of fixed assets.

Enterprises generally transfer the cost of sales or the cost of providing labor services to the main business cost at the end of the month, and the sub-ledger account should be set up under the "main business cost" account.

The above content refers to: Encyclopedia - main business cost.

Business operation is always inseparable from the cost of all aspects, and the cost of main business is also the basic knowledge that every accountant must master. How should the accounting treatment be done for the cost of the main business?

1. When selling goods:

Borrow: Bank deposit.

Credit: main business income.

Tax Payable VAT payable (output tax).

At the same time, the cost of sales needs to be carried forward:

Borrow: Cost of main business.

Credit: Inventory of goods.

2. When carrying forward at the end of the month:

Borrow: main business income.

Credit: Profit for the year.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Accounting for the cost of main business.

The cost of main business is a first-level account used to account for the actual occurrence of daily activities such as the confirmation of the sale of goods and the provision of labor services by the enterprise key department, and the corresponding main business income. The account direction of the main business cost is the increase and decrease of loans, the debit side registers the actual cost of selling various commodities and providing various services, and the credit side registers the cost transferred to the current year's profit, and the main business cost is included in the debit side when it occurs. At the end of the period, the balance of this account should be transferred to the "current year's profit" account.

Because it is only a profit and loss transition project, there is no balance in this account after the end of the period.

Generally, the cost of the main business is carried forward at the same time as the revenue is recognized. Its detailed accounts are generally based on the specific name of the commodity or item. For example, the main business cost of an industrial enterprise is the cost of sales, and its detailed accounts are generally xx commodities or xx items.

Recognition of operating income realized in the current period.

The realized income from the main business shall be recorded according to the price actually received or receivable.

Realize the operating income realized in the current period if the conditions for revenue recognition are met.

The cost of main business refers to the cost incurred by the enterprise in the sale of goods, the provision of labor services and other business activities, and the "main business cost" account is generally set up for detailed accounting.

What is the cost of the main business?

The cost of main business mainly includes the cost of selling goods and the cost of providing labor services.

1. The "cost of main business" in the income statement refers to the cost of products, which reflects the cost of the company's sales of products or the provision of labor services in the current period.

1. The cost of products is the compensation scale of production costs, and for enterprises that implement the economic accounting system, they must compensate for various expenses in the production process with their own product income. The specific amount of compensation should be measured by the cost of the product.

2. Product cost is one of the comprehensive indicators that reflect the quality of enterprise work, through product cost, it can reflect the level of labor productivity of the enterprise, the utilization of fixed assets and the amount of material consumption.

3. Product cost is an important basis for formulating. Because the cost of the product is the main component of the value of the product, and the ** of the product is the monetary expression of the value of the product.

2. The main business cost of an industrial enterprise is the "cost of product sales", which is carried forward from the accounts of "finished products", "self-made semi-finished products", and "goods issued by installment payment". It reflects the actual costs incurred by the enterprise in running its main business.

Accounting treatment of the cost of principal business.

1. Carry forward the cost of sold products.

Borrow: Cost of main business.

Credit: Inventory of goods.

2. Transfer the profits of the current year to the world.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

The cost of main business can be understood as the cost of the company's external sales of goods, and at the end of the month, the cost of the sales of goods is generally transferred to the main business cost accounting. What is the main business cost?

What is the main business cost?

The cost of main business belongs to the profit and loss account.

The cost of main business refers to the cost incurred by an enterprise in recurrent activities such as selling goods and providing labor services. Generally, when an enterprise recognizes the income from its main business such as the sale of goods and the provision of large goods and services, or at the end of the month, the cost of the goods sold and the services provided is transferred to the cost of the main business.

Enterprises should set up a "cost of main business" account, which is used to calculate the actual costs incurred by the enterprise in its daily activities such as selling goods, providing labor services or transferring the right to use assets.

How to calculate the cost of main business?

The cost of main business in this month = the number of products sold in this month * the production cost per unit of product.

Accounting treatment of the cost of principal business.

At the end of the month, the enterprise should calculate the cost of the main business that should be carried forward according to the actual cost of selling various commodities and providing various services in the month.

Credit: Inventory of goods, labor costs, etc.

At the end of the period, the balance of the main business cost will be transferred to the "current year's profit" account, and the current year's profit will be borrowed.

Credit: Cost of Principal Operations.

After the carryover, there is no balance in the "Cost of Principal Operations" account.

Is depreciation a cost of business?

Whether depreciation is the main business cost of an enterprise needs to be recognized according to different enterprises and different businesses. For example, the depreciation of vehicles used for commuting by the company's employees is included in the management expense - depreciation expense account, and is not included in the cost. If it is a machine used for the production of the slag division, it is included in the manufacturing expense - depreciation expense account, which needs to be transferred to the cost of the goods produced.