Accounting entries for the purchase of low-value consumables
1, if the VAT invoice is obtained
Borrow: working capital materials - low-value consumables
Taxes payable - VAT payable ( input tax)
credit: bank deposits, etc.
2. If the invoice obtained is a general VAT invoice, which can not be offset against input tax, it should be included in the cost
borrow: working capital materials - low-value consumables
credit: bank deposits, etc.
Low-value consumable goods are What is it?
Low-value consumables refers to the value of a single item in the prescribed limit or the use of less than one year, can be used many times and basically maintain its physical form of labor materials. Low-value consumables can be divided into:
1, general tools: directly used in the production process of various tools. Such as tools, jigs, molds and other auxiliary tools.
2, special tools: refers to the production of a variety of products specifically or only in a certain process used in a variety of tools. Such as special molds, special fixtures.
3, replacement equipment: refers to easy to wear and tear, frequent replacement or for the production of different products need to replace the use of various equipment. Such as rolling steel with the rolling steel, casting ingot ingot mold.
4, packaging containers: refers to the use of internal turnover for enterprises, neither rent, nor lend a variety of packaging items. Such as holding materials, storage of goods barrels, porcelain tanks.
5, labor protection supplies: refers to the issuance of workers for labor protection helmets, overalls and a variety of protective equipment.
6, management tools: refers to the management and management personnel with a variety of furniture and office supplies. Such as filing cabinets, typewriters and so on.
7, other low value consumables: refers to low value consumables that do not belong to the above categories.