Accounts

Account entries for each unit of administration

XI. Fixed Assets

Fixed assets refer to assets with a unit value of 500 yuan or more for general equipment, 800 yuan or more for specialized equipment, and a useful life of one year or more. Unit value does not meet the above criteria, but the durability of a large number of similar materials in more than one year, also as fixed assets management.

Fixed assets are generally divided into six categories: buildings, general equipment, special equipment, cultural relics and displays, books, other fixed assets.

Fixed assets (general ledger) account, accounting for the original cost of fixed assets of administrative units, the balance is generally in the debit side, reflecting the total value of all fixed assets.

① When purchasing fixed assets, debit: expenditure - office equipment, ?

Credit: bank deposits

At the same time? Debit: Fixed Assets-Office Equipment,?

credit: fixed funds

② accept donations of fixed assets, debit: fixed assets - × × ×, ?

Loan: Fixed Fund

③ Surplus fixed assets, according to the revaluation of the fixed assets, debit: fixed assets, ?

Credit: Fixed Fund

④Transfer out of the fixed assets purchased, according to the book value, debit: Fixed Fund, ?

Credit: Fixed Assets

⑤ Fixed assets that are lost, destroyed or scrapped are written off at the original book value of the reduced fixed assets.

Borrow: Fixed Fund,

Loan: Fixed Assets

⑥ The salvage value income occurs in the process of liquidation of fixed assets that are destroyed or scrapped,

Borrow: Cash,

Loan: Fixed Assets

Loan: Fixed Assets

Cash, ?

Credit: other income

Expenditures incurred, debit: expenditure of funds,

Credit: cash

This account should be set up in accordance with the classification of fixed assets ledger or fixed asset card.