The accounting entries are as follows:
1, a business receives a gift of goods into stock: ?
When the enterprise receives the complimentary goods with input invoice:
Borrow: Inventory goods
Loan: Tax payable-VAT payable (input tax)?
credit: value of assets to be transferred-acceptance of donation of non-monetary assets
If the enterprise receives the gift of goods without any invoice, then at fair value:
borrow: inventory goods
credit: value of assets to be transferred-acceptance of donation of non-monetary assets?
2, the sale of donated goods:
According to Article 4 of the Implementing Rules of the Provisional Regulations on Value-added Tax (VAT): "Giving away self-produced, commissioned or purchased goods without compensation shall be treated as the sale of goods, and the value-added tax (VAT) shall be calculated and levied".
Normal sales,
Borrow: bank deposits
Credit: income from main business
Credit: tax payable - VAT payable - output tax?
Costs carried forward
Borrow: main business costs?
Credit: Inventory goods
Gift part, the gift of the product to be treated as the sale of goods to calculate the VAT levied, but does not form a credit.
Borrow: business expenses
Credit: ? Taxes payable - VAT payable - output tax?
Credit: ? Inventory goods
Expanded information:
Enterprises should set up the account of "Inventory goods" to account for the following The increase or decrease of inventory commodities and its balance. When the goods are accepted into the warehouse, they should be transferred from the "production cost" account to the "inventory commodities" account; when selling inventory commodities to the outside world, according to the different ways of sales, the corresponding accounting treatment; in the construction of the project, such as the use of inventory commodities, should be transferred according to its cost.
(a) the enterprise production of finished goods should generally be based on the actual cost accounting, finished goods in and out of storage, usually only the amount of the amount not recorded, period (month) the end of the calculation of the actual cost of finished goods in storage. At the end of the period (month), the actual cost of the finished products is calculated. When the finished products are accepted into the warehouse after the production is completed, the actual cost is debited to this account, "Agricultural Products" and other accounts, and credited to "Production Costs" and "Expendable Biological Assets", "Agricultural production costs" and so on.
Products of more types, can also be based on the planned cost of daily accounting, the difference between the actual cost and the planned cost, you can set up a separate "product cost differences" account, compared with the "material cost differences" account.
When the actual cost is used for daily accounting of products, the actual cost of issued products can be determined by the FIFO method, weighted average method or individual determination method.
The external sales of finished products (including the sale of finished products by installment collection), when carrying forward the cost of goods sold, debit the "cost of main business" account, credit the account. The use of planned costing, issued products should also be carried forward product cost differences, will be issued to adjust the planned cost of products to the actual cost.
(b) the purchase of goods using purchase price accounting, in the goods arrived after acceptance into the warehouse, according to the purchase price of goods, debit this account, credit "bank deposits", "materials in transit" and other subjects. Commissioned outside the processing of goods recovered, according to the purchase price of goods, debit this account, credit "commissioned the processing of materials" account.
Purchased commodities using selling price accounting, in the commodities arrived after acceptance into the warehouse, according to the selling price of goods, debit this account, according to the purchase price of goods, credit "bank deposits", "materials in transit" and other accounts, according to the difference between the selling price and the purchase price of goods, credit The difference between the selling price and the purchase price of the goods, credit to the "difference between the purchase price and the sale price of the goods" account. The difference between the selling price and the purchase price is credited to "merchandise purchase and sales difference" account.
According to the book balance of the commissioned processing of goods, credit "commissioned processing of materials" account, according to the difference between the selling price and the purchase price of goods, credit "commodity purchase and sale price difference" account. External sales of goods (including the use of installment sales of goods), carry forward the cost of sales, debit the "cost of doing business" account, credit account.
Using the purchase price of goods for daily accounting, the actual cost of goods issued, can be calculated using the first-in-first-out method, weighted average method or individual determination method to determine. Where selling price accounting is used, the assessable difference between the purchase and sale of goods should also be carried forward.
(c) enterprise (real estate development) development of products, to achieve the intended saleable condition, according to the actual cost, debit "development products" account, credit "development costs" account. At the end of the period, the enterprise to carry forward the transfer, sales and settlement of the actual cost of the development of products, debit the "main business costs" account, credit "development products" account.
Enterprises will develop business facilities for the enterprise to engage in tertiary business premises, should be treated as self-use of fixed assets, and according to the actual cost of business facilities, debit the "fixed assets" account, credit the "development products" account. The "development products" account.
Baidu Encyclopedia - Inventory Commodities