Why did Vanke s prepaid accounts increase significantly in 2019?

In 2019, why did Vanke's prepaid accounts increase significantly? If the purpose is to purchase materials, purchase housing and building materials, etc., and the goods have not been inspected in the treasury or have not received the goods, the prepayment will increase. After the inspection is received in the warehouse, the prepaid account can be written off after receiving the goods.

19. Why did Vanke's prepaid accounts increase significantly? It must be that Vanke has new income, and the prepaid accounts have increased significantly.

If the goods have been received, you can also use the prepaid account. The accounting entries at the time of retroactive payment are as follows:

Debit: Advance payments.

Credit: Bank deposits.

After the payment for the goods, the amount of the goods has increased, and the following entries are made:

Borrow: raw materials.

Tax Payable - VAT Payable (Output Tax).

Credit: Accounts prepaid.

In this way, the prepayment account is closed.

Prepayment is an asset account, when your prepayment business occurs less, it can be directly included in accounts payable, prepayment is borrowed from prepaid accounts, bank deposits, supplementary payment after receiving goods, borrowing raw materials (purchased goods), input tax credit prepayment, payable (or simply directly included in prepayment).

Is it because the payment has not been set down (in this case, Ken may not have received the invoice from the other party) and the goods received do not know how much money to put into storage, so there is no warehousing, so it is temporarily recorded in the prepaid account, and then borrowed: xx assets Credit: prepaid accounts after the voucher is collected and the warehousing procedures are completed.

The purchase of goods with prepayment is generally divided into three steps:

1. Prepayment: prepayment.

Credit: Bank deposits.

At this time, the prepayment is in the nature of an asset;

2. When the purchased goods arrive, borrow: raw materials.

Taxable increase (increase).

Credit: Accounts prepaid.

At this time, the balance of the prepaid account is on the credit side and is in the nature of a liability;

3. When making up the payment, borrow: prepayment.

Credit: Bank deposits.

After this step, the purchase and sale business is fully completed, and the prepaid account is settled.

First of all, to figure it out? "Prepaid"?It is an asset account, and when the goods are received, if it is accounted for through the "prepaid" account, it should be on the credit side, so that its nature changes, and it becomes a liability account, and it will be carried out.

Reclassification? , the prepaid account credit is equivalent to the credit of Accounts Payable. If 1, pay Company A 20 first

Prepaid accounts 20,2, when the materials are received and found to be 50 Credit: prepaid accounts 50, to make up 30 is to be written off 1,2 steps generated? Difference?

Make it have a prepaid account balance of 0 (because you pay all the price with a bank deposit, you don't owe money to company A, and company A doesn't owe you anything)?

Except for those situations you mentioned"Accounts payable" debit balance appears, generally that the goods are received, the money is paid, the invoice does not come on time (across the month), and the debit balance will also appear in the finance.

For example, on March 29, you purchased materials in a different place, paid through the bank, and the other party also sent you goods and invoices. But you later find out that the invoice was issued incorrectly, and you have to return it and reopen it.

Due to the time difference, the invoice reissued by the other party may be in April (now electronic invoicing, the time cannot be adjusted), then, you can only do financially in that month:

Debit: Accounts Payable - A company.

Credit: Bank deposits.

Doesn't the accounts payable appear on the debit side?

Wait until April when you receive an invoice to make accounts (if you are a general taxpayer of commerce) to borrow: Inventory of goods.

Tax Payable - VAT Payable (Input Tax).

Credit: Accounts Payable - A company.

Accounts payable were even offset.

There is also the fact that you have paid and received the goods, and the other party does not give you an invoice, and there will be a debit balance in the accounts payable, which is more troublesome, and there has always been this number on the books.

One. The situation is different in various industries, prepaid accounts are not uncommon, and the debit balance of "accounts payable" is not prepaid?

Two. In terms of business transactions, only the two accounts of "accounts receivable" and "accounts payable" are usually used, and when the balance sheet is made at the end of the month, the balance direction of the detailed account is analyzed and filled

1.The debit side of each account of accounts receivable is "accounts receivable", and the credit side of each account of accounts receivable is the advance account receivable.

2.The debit side of each account of accounts payable is "prepaid", and the credit side of each account of accounts payable is accounts payable.

In general, if a business has set up prepaid accounts, there will be no debit balance in accounts payable.

If the enterprise does not set up prepaid accounts, then the relevant economic activities can be reflected through accounts payable, if there is a debit balance of accounts payable, there are the following possibilities: 1. Overpayment; 2. Advance payment.

The reason for taking prepaid accounts.

It's you who give the money to each other first.

The entry is: Debit prepayment.

Credit: Bank deposits.

The other party gives you the goods.

You reduce your upfront payments.

The entry is: borrowing goods from inventory (or materials in transit, raw materials, etc.).

Credit: Accounts prepaid.

Hope it helps you ......

There are many possibilities:

1. There is no large-scale procurement project at the end of the year this year, or the procurement project does not need to be prepaid;

2. As the scale of the company increases, the bargaining power is enhanced, and there is no longer a need to get discounts through prepayment;

3. The company's economy is declining and sales are declining, so the purchase is reduced, and there is no advance payment at the end of the year;

4. The company's economy is declining, and there is no sufficient funds to get a discount for the advance payment, so the payment can only be deferred.

When the other party ships to you, you should of course credit when you receive the goods, and credit is to offset the prepaid account.

"Prepaid Accounts" itself is an asset account, which is usually debited. i.e.: Debit: Prepaid Credit: Bank Deposit But "Prepaid" has a dual character, if there is a credit balance at the end of the period.

It can be included in "prepaid accounts" and it can also be included in "other receivables".

Payments (not accounts payable that owe money) are basically credited to the asset class, i.e., the first two recommended accounts, which are reversed when they are transferred to the expense or other accounts after receiving the invoice anyway.

If it is paid monthly, the administrative fee is listed directly. If paid annually or quarterly: borrow: amortized expenses credit: bank deposits or cash amortized on a monthly basis: borrow: administrative expenses credit: expenses to be amortized.

In the double-entry accounting method of credit and debit accounting, the occurrence of any brokerage business will involve two or more accounts, resulting in the increase or decrease of two or more accounts.

Neither the accounting system for enterprises nor the new accounting standards clearly stipulate the accounting subjects used for prepayment of rent; There is no mistake in recording the prepaid rent in the "prepaid account" from the accounting principle, and the prepaid rent is also paid in accordance with the provisions of the rental contract, but the purchase is not a physical asset, but the right to use an asset for a certain period of time; In a way, it is also an asset of the enterprise;

Other payables are a debt of the enterprise, since the enterprise has paid the rent, it is inevitable that it will not be able to form a debt, and it should be recorded in other accounts payable, which can only be reflected on the debit side, which is obviously not the normal use of the account, so it is not appropriate to put it in other payables.

For the prepayment of more than one accounting period, it can be accounted for in the long-term amortized expenses, and it is reasonable to put the prepaid rent within one accounting period in the prepayment.

Accounts receivable cannot be recorded in advance, let alone other payables, and other receivables should be recorded.

Strictly speaking, "prepaid accounts" reflect the business-related transactions of the enterprise, other receivables and payments are recorded as non-business transactions, and the rent should indeed be recorded in other payables or other receivables.

Accounts receivable should not be chosen, and if money is received, cash or bank should be chosen. If you choose accounts receivable, you will not receive it, otherwise it will increase the prepayment of prepayment

The first receipt, obviously, you are the advance receipt,,, the second is two display results, there should be a balance, look at the direction of the balance,,, and if you want to do the subject detailed, then change the financial and trade balance.

The advance payment is only a temporary transfer of funds, and the ownership is still yours, so it is still part of the company's funds. Only when the goods are actually obtained, the advance payment will be converted into payment for goods when the transaction is realized, and the transfer of ownership will be completed.

The prepaid account --- literally means that it belongs to the creditor's account. Until there is no transaction between the parties, his ownership is yours. Figuratively speaking, before there is no transaction between the two parties, it is your unit that has deposited a sum of money outside.

Are you saying that this money is not your asset? Hahaha, I don't know if you understand.

Prepaid accounts refer to the amount prepaid by the enterprise to the ** unit in accordance with the provisions of the purchase contract. The prepaid accounts are recorded according to the actual amount paid, such as the prepaid materials, the purchase price of commodities, and the pre-purchase deposit of agricultural and sideline products that must be issued in advance and recovered later. The debit side registers the advance payment from the supplier by the enterprise, the credit registers the advance payment that the enterprise receives from the purchased goods, and the debit balance at the end of the period reflects the advance payment of the goods that the enterprise has advanced to the supplier but has not yet shipped; The beginning of this account is the debit balance, which reflects the prepayment of the enterprise; If it is a credit balance at the end of the period, it reflects the amount that has not yet been paid by the enterprise.

Prepaid accounts belong to the assets in the accounting elements, and the popular point is that you temporarily save the money from others, and if you don't buy other people's things, the money is still yours, so it is an asset.

The advance payment is the payment for the goods in advance, before the goods arrive, you are the creditor, and the advance payment is your asset; After the goods arrive, the advance payment is converted into inventory, which is still your asset; The goods have not arrived, the transaction is yellow, and the people will return the money to you, and the advance payment will be converted into monetary funds, which are still your assets. Therefore, the advance payment should be counted as a current asset.

Advance payment is the payment made in advance to other persons at the time of the transaction according to the requirements of the contract order, that is, when the other party has not yet provided goods or services, the other party pays a part of the payment in advance, which is in the nature of a creditor's right and requires the other party to provide goods or services to repay. Creditor's rights are a type of enterprise asset.

Current assets can be understood as assets that can be realized within 1 year, and there are prepaid accounts, usually not more than 1 year, and it is presumed that when we buy something, we will basically not pay a deposit or other advance payment to the other party more than 1 year in advance, so prepaid accounts are usually classified as current assets.