Low-value consumables mainly include the following:
Low-value consumables mainly include general tools, special tools, replacement equipment, packaging containers, labor protection supplies.
Low-value consumables refers to the value of a single item in the prescribed limit and the use of less than one year, can be used many times and basically maintain its physical form of labor. Low-value consumables and fixed assets are both labor resources in the enterprise, but the difference is that fixed assets are the main labor resources.
Low-value consumables refers to the labor resources in the unit value of more than 10 yuan, less than 2,000 yuan, and the service life of one year or less, can not be used as fixed assets of labor resources. It is similar to fixed assets, in the production process can be used many times without changing its physical form, in the use of maintenance is also required, scrapping may also have a residual value.
Because of its low value and short service life, it is an easy way to amortize its value into the cost of the product.
In the new accounting system of 2006, packaging and low value consumables, combined into packaging and low value consumables, account number: 1412.In the accounting system of 2014, low value consumables and packaging, grouped together as a working capital material under the accounting account.
Allocation of amortization of low value consumables:
1. This is usually done by preparing an amortization allocation schedule for low value consumables. Amortization allocation, according to the different departments, use, etc. should be recorded in the production costs, manufacturing costs, administrative expenses and other accounts and their ledger accounts related to the cost, expense items. For the enterprise into production and operation of a large number of one-time use of low-value consumables, can be amortized as amortized expenses.
2, if the use of a one-time amortization method or amortization method of enterprises, its low-value consumables is based on the planned cost of accounting, to the end of the month should be based on the category of low-value consumables variance rate, the cost of the plan adjusted to the actual cost.