Usually property and equipment insurance costs are categorized as either business or individual overhead. General business property and equipment insurance premiums into the administrative expenses, general household property and equipment insurance into the payable benefits. Such as automobiles and other business property and equipment insurance premiums into the operating expenses.
1. prepaid premiums:
borrow: amortized expenses
credit: bank deposits/cash
2. amortization
borrow: administrative expenses - premiums
credit: amortized expenses
in this program:
1. Preparation of the purchase of the A equipment accounting entries:
borrow: Fixed Assets--Equipment A 6,480,000
Credit: Bank Deposit 6,480,000
2. Calculate the depreciation of Equipment A in February and prepare the accounting entry:
6,480,000×2/(10×12)=108,000 (yuan/month)
Borrow: administrative expenses 108 000
Loan: accumulated depreciation 108 000
3, the preparation of the purchase of B equipment accounting entries:
Borrow: construction in progress - B equipment 7 270 000
Loan: bank deposits 7 270 000
4, the preparation of the installation of B equipment and its put into use accounting entries:
1/2 debit: construction in progress - B equipment 30 000
credit: bank deposits 30 000
2/2 debit: fixed assets - -B equipment 7 300 000
credit: construction in progress - B equipment 7 300 000
5, calculate the depreciation of equipment B in 2009 and prepare accounting entries:
(1) annual depreciation: (7 300 000-100 000)/15×5=2 400 000 (yuan/year)
(2) 2009 depreciation: 2 400 000/12×4=800 000 (yuan)
Borrow: Manufacturing overhead 800 000
Loan: Accumulated depreciation 800 000
Extended information: 1. The duties of the fixed asset accounting position generally include: (1) working with the relevant departments to formulate the accounting and management of fixed assets; (2) participating in the preparation of fixed asset renewal and overhaul Program; (3) Responsible for detailed accounting of fixed assets and preparation of relevant reports; (4) Calculate and withdraw funds for depreciation and overhaul of fixed assets; (5) Participate in the inventory of fixed assets. 2. The duties of material and material accounting generally include: (1) formulating the accounting and management methods of material and material in conjunction with the relevant departments; (2) reviewing and compiling the purchasing fund plan of material and material; (3) being responsible for the detailed accounting of material and material; (4) formulating the planned cost of material and material in conjunction with the relevant departments Catalog; (5) Cooperate with relevant departments to formulate consumption quotas for materials and supplies; (6) Participate in the inventory of materials and supplies. Reference: