Analysis Of Accounting For Goods Sold On Commission Basis

Consignment goods are special.

1. The time when the client confirms sales revenue under the way of buyout.

In the same way of buying, the confirmation of the client's income should follow the principle of substance over form, that is, the realization time of income should be determined according to the substance of the agreement.

Specifically, if the agreement between the principal and the trustee clearly indicates that the trustee has nothing to do with the client after obtaining the sale goods, whether he can sell or make profits, then it can be considered that

Two. The relevant accounting of the trustee.

As a trustee, no matter what kind of affiliate sales, after the sale of the entrusted sale goods, the accounts payable shall be accounted for through "accounts payable", and timely resale or hedge the assets of the agency business (or the entrusted sale goods, the same below) and the agency business liabilities (or the goods sold under the Commission), so as to correctly reflect the inventory amount when preparing the balance sheet to fill in the "inventory" items.

In the case of a buyout, the trustee shall debit the agency business assets and credited the liabilities of the agency business when the goods are sold on sale.

When the sale of consignment goods is realized, the bank deposits or accounts receivable should be debited, and the main business income and the tax payable should be credited. VAT (output tax) should be paid.

When the sale cost is carried forward, the main business cost is debited, the assets of the agent business are credited; meanwhile, the liabilities of the reseller agency business are debited, the liabilities of the agency business are credited, and the accounts payable are credited.

When a "consignment list" is issued to the client and receipt of the value added tax invoice issued by the client, the tax shall be levied.

[example 1]a enterprises take the same way of buying and selling, and sell 100 pieces of goods on behalf of B enterprises for a month. 100 pieces of goods without tax receive 20000 yuan, and a enterprises sell 75 pieces per month without tax 240 yuan per month.

The accounting procedures for a enterprises are as follows:

Receipt of entrusted sale goods

Borrowing: agency business assets 20000

Credit: agency business liabilities 20000

Sales of 75 pieces in the month (VAT 17%)

Borrow: bank deposit 21060

Loan: main business income 18000

Tax payable - value added tax (output tax) 3060

Cost of carry over sale

Borrow: main business cost 15000

Credit: agency business assets 15000

At the same time, a portion of the sale of the goods sold on commission has been sold.

Borrowing: agency business liabilities 15000

Loan: accounts payable 15000

Receipt of the VAT invoice issued by the client and payment.

Borrowing: accounts payable 15000{page_break}

Nbsp; tax payable should be payable to VAT (input tax) 2550.

Loan: bank deposit 17550

If payment is not made temporarily, then

Borrowing: tax payable - value added tax (input tax) 2550

Loan: accounts payable 2550

In the manner of collecting fees, the trustee shall debit the agency business assets and credit the agency business liabilities according to the non tax selling price determined by the client.

When the sale of consignment goods is realized, the bank deposits or accounts receivable should be debited, and the accounts payable and the taxes payable should be credited to the value added tax (output tax).

A bill of sale is issued to the client. When the VAT invoice is received, the tax shall be levied. The value added tax (input tax) shall be paid, and the accounts payable shall be credited. At the same time, the goods sold on the part of the hedged Commission shall be levied, and the debts of the agency business shall be debited, and the agency assets shall be credited.

When calculating the service charge and paying the loan, debiting accounts payable, crediting bank deposits and other business income or main business income.

[for example, 2]a enterprises collect 100 pieces of commodity for C enterprises to sell B goods for a month. The contract agrees that a enterprises should sell 220 yuan per piece without tax price, and charge 10% fees according to the non tax price.

A enterprises sold 75 pieces per month without tax price of 220 yuan per month.

The accounting procedures for a enterprises are as follows:

Received sale goods

Borrowing: agency business assets 22000

Credit: agency business liabilities 22000

Sales of 75 pieces (VAT 17%) this month.

Borrow: bank deposit 19305

Loan: accounts payable 16500

Tax payable - value added tax (output tax) 2805

Issue a consignment list to the client and receive the VAT invoice issued by the client.

Borrowing: tax payable - value added tax (input tax) 2805

Loan: accounts payable 2805

Hedging sale and sales commission

Borrowing: agency business liabilities 16500

Credit: agency business assets 16500

Calculate the fee income and pay.

Borrowing: accounts payable 19305

Loan: other business income 1650

Bank deposits 17655

If payment is not made for the time being, then

Borrowing: accounts payable 1650

Loan: other business income 1650