How to make accounting entries for raw material inspection and quota loss in the warehouse

If it is a loss within the quota of purchased materials, it will be directly credited to the procurement cost (the quantity is reduced, the amount remains unchanged, and the unit price increases); The consumption within the production quota is directly credited to the production cost.

Hello! Included in raw materials: borrowing raw materials, lending materials for purchase.

When in doubt, please ask.

The raw material inspection is still counted in the raw material and the loss is still counted in the raw material, so the entry is.

Borrow: raw materials.

Credit: Supplies in transit.

The raw material cost is composed of:

1. Purchased raw materials: the procurement cost includes the purchase price (excluding the input VAT that can be deducted according to the regulations), relevant taxes, transportation costs, loading and unloading costs, insurance premiums and other expenses attributable to the procurement cost.

2. Raw materials obtained through further processing: The initial cost of processing by the outsourced unit includes the actual consumption of materials or semi-finished products, processing costs, transportation costs, loading and unloading costs, and taxes that should be included in the cost according to the regulations. The cost of self-production includes input materials and semi-finished products, direct labor and manufacturing costs allocated according to a certain method.

3. Raw materials obtained by other means: The cost of raw materials invested by investors shall be determined according to the value agreed in the investment contract or agreement.

4. Raw materials obtained through the provision of labor services: the cost of which shall be determined according to the direct artificial river and other direct expenses of the personnel engaged in the provision of labor services and the profile expenses attributable to the raw materials.

The accounting entries are as follows: Stupid as follows.

1. Borrow: materials in transit - materials B;

2. Taxes and fees payable.

VAT payable (input tax.

Price*; 3. Credit: bank deposits.

accounts payable);

4. Borrow: raw materials - B materials;

5. Credit: materials in transit - materials B.

Procurement cost refers to the logistics costs related to the procurement of raw materials and components, including the cost of purchase orders and the management expenses of procurement plan makers.

Procurement personnel management expenses, etc. The cost of purchasing inventory includes the purchase price, related taxes, transportation, handling, insurance, and other expenses attributable to the cost of purchasing inventory. For general taxpayers, the cost of procurement does not include input tax; However, for small-scale taxpayers, input VAT is included in their purchase costs.

Procurement costs can be divided into two types: direct procurement costs and joint procurement costs.

1. Direct procurement costs refer to the expenses that can be directly confirmed to be borne by a certain material when incurred, and the expenses are directly recorded in the procurement cost of various materials after they are incurred;

2. The common procurement cost refers to the procurement cost that should be borne by a variety of materials, and the cost should be allocated to the procurement cost of various materials according to a certain standard, and the distribution standard mainly includes the purchase quantity, **, etc.

Transfer refers to a bank currency settlement method that does not directly use cash, but transfers money from the payment account to the receiving account through the bank to complete the currency receipt and payment.

It has gradually developed with the development of the banking industry. When the settlement amount is large and the space distance is long, the use of transfer settlement can be more secure and fast. In modern society, the vast majority of commodity transactions and monetary payments are carried out through transfer settlement.

The methods of transfer settlement can be divided into intra-city settlement and non-local settlement.

As a bank settlement method, transfer has a wide range of applications. Transfers and settlements can be made between the same city and other places, between the unit account and the unit account with the opening of the account, between the unit account and the individual account, and between the individual account and the individual account.

The material is inspected into the treasury and the actual cost is carried forward as an accounting entry.

It should be filled in like this: borrow: raw materials; Credit:

Supplies in transit. The "materials in transit" account is used to calculate the daily accounting of materials, commodities and other materials using the actual cost (purchase price) of the enterprise, and the procurement cost of various materials (i.e., materials in transit) that have not yet been inspected and received into the warehouse.

1. If it is a general taxpayer and obtains a special ticket, then:

1. Borrow: materials in transit should be the first day - B materials.

Taxes and fees due. VAT payable (input tax.

Price * Credit: Bank deposit.

Accounts payable) 2, borrow: raw materials - B materials.

Credit: Materials in transit - B materials.

2. If it is a small-scale taxpayer, the tax rate is 3%, and the tax is included in the cost of raw materials. So:

1. Borrow: materials in transit - material B (price + price*.)

Credit: Bank deposits (accounts payable).

2. Borrow: raw materials - B materials.

Credit: Materials in transit - B materials.

Due to the different places of purchase, loansBilling methodDifferent, there will also be a situation where the material warehousing and the payment settlement date are sometimes the same and sometimes inconsistent, so different situations should be distinguished for accounting treatment. As follows:

Borrow: raw materials.

Credit: Bank Deposits, Accounts Payable, Funds in Other Currencies.

Wait. Note 1:

The materials that have been inspected and received in the warehouse are credited to: raw materials;

If it is not put into storage, it will be recorded at the actual cost, and it will be credited to: materials in transit;

If not recorded at planned cost, it is credited to: Material Purchase.

NOTE 2: Paid by bank deposit, credited to: bank deposit;

If the payment has not been made, it will be credited to: accounts payable;

In the case of purchases made in other places, the payments made are credited to: other credit funds - deposits in other cities.

Wait. Note 3:

If it is a production process, it means that the material has been put into storage and has participated in the production process. In this case, the "raw materials" should be debited, and the credit should be as follows in "Note 2".

It shows that the raw materials are recorded in the provisional cost of the "material procurement" account in the procurement process, so the actual procurement cost should be included in the "raw materials" account.

Borrow: Bifeng raw materials.

Credit: Material procurement.

1. If it is a general taxpayer Duan Tan who obtains a special ticket, then:

1. Borrow: materials in transit - materials B;

Tax Payable – VAT Payable (Input VAT = Price *.)

Credit: Bank deposits (accounts payable).

2. Borrow: raw materials - B materials.

Credit: Materials in transit - B materials.

2. If it is a small-scale taxpayer, the tax rate is 3%, and the tax is included in the cost of raw materials. So:

1. Borrow: materials in transit - material B (price + price*.)

Credit: Bank deposits (accounts payable).

2. Borrow: raw materials - B materials.

Credit: Materials in transit - B materials.

Material acceptance work also has an important impact on the storage, receipt and use of the warehousing, if the unqualified materials are stored in the warehouse as qualified materials, deterioration and damage will occur in the storage process, and the production will affect the quality of the product, and even cause the product to be scrapped. Therefore, in a certain sense, material acceptance has the role of "connecting the upper and lower levels" in the entire material management work.