A basic concept of commodity purchase and sale price difference
Commodity purchase and sale price difference, that is, the difference between the purchase price of goods and the sales price, which reflects the profitability of the enterprise in the process of purchase and sale of goods. In accounting, the handling of the difference between purchase and sale involves the use of a number of accounting subjects, including inventory, cost of main business, main business income and so on.
Second, the difference between the purchase and sale of goods accounting entries
1. Purchase of goods when the accounting entries
When the enterprise purchases goods, the need for purchase invoices and warehousing bills and other documents, the inventory of goods into the warehouse and accounts payable or cash payment. The accounting entries at this time are:
Borrow: Inventory (Purchase Price)
Loan: Accounts Payable/Cash
1. Accounting Entries When Selling Goods
When a company sells goods, it needs to recognize revenue from the main business and collect accounts receivable or cash according to the sales invoices and warehouse receipts and other documents. The accounting entry is:
Borrow: Accounts receivable/cash
Credit: Revenue from main business (sales price)
1. Carry forward the accounting entry for the difference between the purchase and sale price of goods
At the end of each accounting period, the enterprise needs to calculate and carry forward the difference between the purchase and sale price according to the closing balance of the number of inventory and the difference between the purchase and sale price rate. At this time, the accounting entries are:
Borrow: Cost of doing business
Credit: Inventory (the difference between sales and purchases)
Three, the significance of the merchandise sales and purchasing spread accounting entries
Through the correct handling of the merchandise sales and purchasing spread accounting entries, the enterprise can accurately reflect the profitability of the process of purchasing and selling of goods, the financial statements for the preparation of accurate data. At the same time, the accounting for the difference between the purchase and sale of goods also helps enterprises to strengthen cost control and profitability analysis, providing strong support for business decision-making.
Summary:
Commodity purchase and sale price difference accounting entries is the enterprise in the process of commodity purchases and sales, the purchase and sale price accounting and processing of important accounting tools. By correctly processing the relevant accounting entries, enterprises can accurately reflect the profitability, strengthen cost control and profitability analysis, and provide strong support for business decision-making.
Legal basis:
"Chinese People's **** and the State Accounting Law"
Article 10 stipulates:
Accounting vouchers, accounting books, financial accounting reports and other accounting information must be in accordance with the provisions of the unified national accounting system. No unit or individual may forge or alter accounting documents, accounting books and other accounting information, or provide false financial accounting reports.
Article 25 of the Accounting Standards for Business Enterprises of the People's Republic of China
provides that:
Enterprises shall recognize, measure and report accounting in accordance with the economic substance of the transaction or event, and shall not base their accounting on the legal form of the transaction or event alone.