Long term amortization accounting entries Accounting entries when long term amortized expenses are a

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.

Long-term amortization accounting entry: when incurred: debit:

Long-term amortized expenses, loans: bank deposits, etc.; Amortization: Borrow:

Manufacturing expenses, administrative expenses, etc., credit: long-term amortized expenses. Long-term amortized expenses:

The reconstruction expenses of fixed assets that have been fully depreciated shall be amortized in installments according to the useful life of the fixed assets;

The reconstruction expenses of fixed assets under operating lease shall be amortized in installments according to the remaining lease term;

In line with the expenditure on major repairs of fixed assets, it shall be amortized in installments according to the remaining useful life of fixed assets.

The accounting entries for long-term amortized expenses are:

1. Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year. Long-term amortized expenses cannot be fully included in the profit or loss of the current year, but should be amortized in subsequent years, including the improvement expenses of leased fixed assets and other amortized expenses with an amortization period of more than one year.

2. Under the account of "long-term amortized expenses", the enterprise shall set up detailed accounts according to the types of expenses, carry out detailed accounting, and disclose its amortized value, amortization period and amortization method according to the expense items in the notes to the accounting statements.

3. The long-term amortized expenses incurred by the enterprise shall be debited to this account and credited to the relevant account"Bank deposits"、"Raw materials"and other subjects. Amortization of long-term amortized expenses, debited"Management fees"、"Selling expenses"and other accounts, credit this account.

4. The debit balance at the end of the period reflects the amortized value of the long-term amortized expenses that have not been amortized by the enterprise.

Accounting for long-term amortized expenses:

1. Long-term amortized expenses incurred by the enterprise.

Borrow: Long-term amortized expenses.

Credit: bank deposits and other related accounts.

2. Amortize long-term amortized expenses.

Borrow: manufacturing expenses (selling expenses, administrative expenses).

Credit: Long-term amortized expenses.

1. When an enterprise incurs long-term amortized expenses, the accounting entries are:

Borrow: Long-term amortized expenses.

Credit: Bank deposits.

2. When amortizing long-term amortized expenses on a regular basis, the accounting entries are:

Debit: Manufacturing expenses (included in the corresponding account according to the nature of the expenses).

Credit: Long-term amortized expenses.

When an enterprise amortizes long-term amortized expenses, it should be included in the corresponding account according to the nature of the expenses, and at the same time, it should be accounted for through the "long-term amortized expenses" account. The "long-term amortized expenses" account accounts for the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including expenses for repairing fixed assets, expenses for improving leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

Extended Information: 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.

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.

1. The amortization of intangible assets is generally included in the current profit and loss, and the intangible assets for self-use are included in management expenses;

Borrow: Administrative expenses.

Credit: Accumulated amortization.

2. If it is leased, it will be included in other business costs;

Borrow: Other operating costs.

Credit: Accumulated amortization.

3. There is another situation: if the economic benefits contained in the intangible assets are realized through the products produced, then the cost of the products should be included.

Credit: Accumulated amortization.

1. Fix x year, x month, x voucher.

Borrow: Administrative expenses.

Borrow: Long-term amortized expenses - home repair costs.

2. Amortization of the current month's house repair costs (monthly amortization = 48,000 24 = 2,000 yuan) borrow: management expenses - house repair costs.

Credit: Long-term amortized expenses - home repair costs.

2000 yuan.

If it is not an error voucher for this month, it is n months ago, and it needs to be amortized, and the voucher is:

Borrow: Management Costs - Housing Repair Costs.

2000*n

Credit: Long-term amortized expenses - home repair costs.

2000*n

Red letter punching.

Time periods. When prepaying for office repairs.

Debit: Accounts Advance -- Units.

Credit: Bank deposits.

Obtain an invoice after the repair is completed.

Borrow: expenses to be amortized Office building repair costs.

Credit: Accounts in advance -- Unit 48000 is amortized monthly for the next 2 years.

Amortized monthly. Amount 48000 2 12=2000

Borrow: Administrative expenses.

Credit: Expenses to be amortized Office Building Repair Costs.

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have been buried for more than one year (excluding one year).

Accounting entries for long-term amortized expenses:

Debit: including the amortized expenses of the bridge for a long time, taxes payable - VAT payable - input tax, credit: bank deposits, accounts payable, other payables.

When an enterprise accounts for some long-term amortized expenses, it should be accounted for through the long-term amortized expense account, and what should the relevant accounting entries do?

How do you write entries for long-term amortization?

When incurred: Borrow: Long-term amortized expenses.

Credit: bank deposits, etc.

Amortization: Borrow: Manufacturing Expenses.

management fees, etc.

Credit: Long-term amortized expenses.

Amortization period of long-term amortized expenses.

Refer to Article 70 of the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China: Other expenses that should be regarded as long-term amortized expenses referred to in Article 13, Paragraph (4) of the Enterprise Income Tax Law shall be amortized in installments from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.

Long-term amortized expenses are calculated for various expenses with an amortization period of more than one year that have been incurred by the enterprise but should be borne by the current period and subsequent periods, such as the improvement expenses incurred in the form of operating leases for fixed assets.

1) The reconstruction expenses of fixed assets that have been fully depreciated shall be amortized in the quiet cover period according to the estimated service life of the fixed assets;

2) The reconstruction expenses of fixed assets under operating lease shall be amortized in installments according to the remaining lease term agreed in the contract;

3) The expenditure on major repairs of fixed assets in accordance with the provisions of the tax law shall be amortized in installments according to the remaining useful life of the fixed assets;

4) Other long-term amortized expenses shall be amortized in installments from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.

The long-term amortized expense account is used to account for the expenses that have been incurred by the enterprise but have a period of more than one year. How should an enterprise make accounting entries when accounting for long-term amortized expenses?

1. When it happens:

Borrow: Long-term amortized expenses.

Credit: Bank deposits.

2. When amortized:

Borrow: Manufacturing Expenses Administrative Expenses.

Credit: Long-term amortized expenses.

What is a long-term deferred expense?

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year). It includes expenses for repairing fixed assets, expenses for improvement of leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

Long-term amortized expenses are asset-class accounts, with the debit representing the expenses awaiting amortization and the credit representing the expenses that have been amortized. The long-term amortized expenses incurred by the enterprise shall be debited to this account and credited to the relevant account. When amortizing long-term amortized expenses, accounts such as "administrative expenses" and "selling expenses" are debited and credited to this account.

Amortization of long-term amortized expenses.

1) The reconstruction expenses of fixed assets that have been fully depreciated shall be amortized in installments according to the estimated useful life of the fixed assets;

2) For the purpose of operating the leased fixed assets, they should be amortized in installments according to the remaining lease term agreed in the contract;

3) The expenditure for major repair of fixed assets shall be amortized in installments according to the useful life of the fixed assets after repair.

4) For other long-term amortized expenses, they shall be amortized in installments from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.

For example: Company A is a manufacturing enterprise, due to business needs, renting a machine and equipment for production, and now the equipment is overhauled, after accounting, a total of 30,000 yuan is incurred, and the repair interval is 5 years. The entries are as follows:

Borrow: long-term amortized expenses 30,000 for major repairs

Credit: Bank deposit 30000

The above-mentioned major repair costs are amortized on an average basis over a period of 5 years between repairs, with an amortization of 500 yuan per month. The entries are as follows:

Borrow: 500 for administrative expenses

Credit: 500 long-term amortized expenses

The repair cost of large-scale equipment purchased by an enterprise due to failure generally involves the amortization of long-term amortized expenses. The following is the content of the accounting entries on the amortization of long-term amortized expenses compiled by Deep Space Network, let's learn about it together.

The "long-term amortized expenses" account is used to account for various expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including expenses for repairing fixed assets, improvement expenses for leased fixed assets, and other expenses to be amortized with an amortization period of more than one year. When long-term amortized expenses are incurred and amortized, the following accounting treatment shall be made:

1. When long-term amortized expenses are incurred:

Borrow: Long-term amortized expenses.

Credit: bank deposits, etc.

2. When the long-term amortized expenses are amortized:

Borrow: manufacturing expenses, administrative expenses, etc.

Credit: Long-term amortized expenses.

Case: The enterprise carried out major repairs to the leased power generation equipment on its own, and incurred a major repair expenditure of 36,000 yuan, which has been paid through bank deposits, and the repair interval of the power generation equipment is 4 years. How do I deal with the specific accounting?

1. When it happens:

Borrow: long-term amortized expenses - 36,000 for major repairs

Credit: Bank deposit 36000

2. Amortization of long-term amortized expenses

Calculate the monthly amortization amount: monthly amortization amount = 36000 4 12 = 750 yuan, debit: management expenses 750

Credit: Long-term amortized expenses - 750 for major repairs

How to determine the amortization period of long-term amortized expenses?

1. The accounting standards for business enterprises do not stipulate in principle the amortization period of long-term amortized expenses, and the amortization period should generally be determined according to the expected consumption method of economic benefits related to the long-term amortized expenses. For example, the expenses for the reconstruction of fixed assets that have been fully depreciated shall be amortized in installments according to the estimated useful life of the fixed assets; The expenses for the reconstruction of fixed assets included in the operating lease shall be amortized in installments according to the remaining lease term agreed in the contract; The expenditure on major repairs of fixed assets shall be amortized in trillions according to the remaining useful life of the fixed assets.

2. According to the Regulations for the Implementation of the Enterprise Income Tax Law, other expenses that should be treated as long-term amortized expenses mentioned in Article 13 (4) of the Enterprise Income Tax Law shall be amortized in installments from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.