General Knowledge Of Cashier - Accounting For Buyer'S Option Repurchase

The buyer's option repurchase means that the purchaser has the right to ask the seller to repurchase the goods at a certain price within a certain period of time, or to choose not to make the right.

The repurchase price may be fixed or may be determined in other ways.

If the price of the repurchase price is fixed, if the price of the commodity continues to rise and exceed the repurchase price, the buyer will hold the commodity and get the revaluation gains; conversely, if the price of the commodity continues to fall and fall below the repurchase price, the buyer may exercise the option to ask the seller to repurchase it according to the repurchase price, which is the seller's loss naturally.

This means that the seller only pfers the main remuneration of the goods to the buyer only when the buyer chooses the right.

Whether the main risk of ownership of goods is on the side of the buyer depends on how likely the buyer is to exercise his option.

Therefore, the "accounting standards for enterprises income" stipulates that if all aspects of the situation show that the buyer's option to exercise is very small, it can be considered that the main risk of selling the ownership of goods is pferred to the buyer.

This situation is consistent with the conditions for income recognition, and should be recognized as income. Conversely, the main risks and rewards of the sale of goods can not be considered to be pferred to the buyer.

Considering that such a regulation may become an excuse for some enterprises to adjust profits artificially, from the perspective of prudence principle, it is not appropriate to directly recognize the income in any case when the buyer chooses the right to repurchase the goods, and only when the whole realization of the sales factors is disappeared will the income be recognized again.

For example, A company is a general tax paying enterprise of value added tax. In April 1, 2005, A signed a sales contract with B company and sold a batch of household air conditioners to B company. The special invoices for value added tax indicated that the price was 5 million yuan and the value added tax was 850 thousand yuan.

The agreement stipulates that if B does not sell the goods before July 30th, B can request A to repurchase it at market price by September 1st.

A forecasts that in July the peak season for air conditioning sales is estimated. The probability that B sells the batch of air conditioners is 60.. The merchandise has been issued and the goods have been recovered. The actual cost of the goods is 4 million yuan.

The accounting treatments are as follows: (1) the temporary recognition of goods is not recognized in April 1, 2005.

On the surface, the sale of the goods meets the four conditions to confirm the income, and it is expected that the B company can sell the goods as high as 60., but according to the principle of income realization, the income should be confirmed by the end of 7 month of 2005 after all the factors that affect the realization of the sale of goods should be eliminated.

Therefore, when the goods are issued, the accounting entries are: 5 million 850 thousand yuan for bank deposits, 4 million yuan for inventory products, and 850 thousand for the value added tax (output tax): 1 million yuan for the goods to be pferred.

(2) in July 30, 2002, assuming that B has sold 50 of the goods, the sales revenue of the goods has been realized. Therefore, A company should carry forward the sales confirmation revenue and carry forward the cost according to the proportion of the sales realized, and the price difference of the goods to be pferred should be carried forward in proportion.

The accounting entry is: Borrowing: the main business cost is 2 million yuan, borrowing: the difference price of the merchandise to be pferred is 500 thousand yuan; the loan: the main business income is 2 million 500 thousand yuan.

(3) in September 1, 2005, assuming that the remaining commodity is currently priced at 2 million 200 thousand yuan, which is lower than the original selling price, according to the contract, all purchases and repurchase commodities of A company have been put into storage. The special invoices for value-added tax are specified, the price is 2 million 200 thousand yuan, and the value added tax is 374 thousand yuan. The accounting entry is: Borrowing: material purchase 2 million 200 thousand, borrowing: payable tax - payable VAT (374 thousand); loan: bank deposit 2 million 574 thousand.

At the same time, the balance of the balance of the merchandise to be pferred is 500 thousand yuan: Borrowing: the difference price of the merchandise to be pferred; 500 thousand: Loan: material purchase 500 thousand.

(4) if B is willing to retain the products in September 1, 2005,

A company should promptly confirm the remaining sales revenue and carry over the cost and the difference price of the goods to be pferred.

The accounting entry is: Borrowing: the main business cost is 2 million yuan, borrowing: the difference price of the merchandise to be pferred is 500 thousand yuan; the loan: the main business income is 2 million 500 thousand yuan.