Common Accounting Carry Over For Financial Personnel

The direct production costs incurred by an enterprise can be directly recorded in the "production cost" account. The indirect costs incurred by the production workshop (Department) for production of products are recorded in the "manufacturing cost", and the production cost of the products recorded at the end of the period is allocated according to certain standards.

Therefore, the final carry over manufacturing cost is to borrow the relevant subsidiary ledger of the "production cost" and credit the "manufacturing expense" account.

In accounting, the "inventory commodity" account is used to calculate the cost of all kinds of goods in the enterprise inventory.

Therefore, when the product is completed, the cost should be pferred from the "production cost" account to the "inventory commodity" account. The cost of carrying out the finished product is to debit the "inventory commodity" account and credit the "production cost" account.

The final balance of the "production cost" account reflects the cost of unfinished products.

In the process of selling, the enterprise set up the "main business cost" account to calculate the cost of the main business revenue when the enterprises confirm the sales commodities and provide services.

Therefore, it has been confirmed that the cost of the products sold should be pferred from the "inventory commodity" account to the "main business cost" account, that is, the account of "main business cost" is debited, and the "goods in stock" account is credited.

Under the manufacturing cost method, the cost of products includes two parts: direct and indirect costs.

In accounting, the net profit (or net loss) realized in the current period is calculated by setting up the "annual profit" account.

At the end of the month (at the end of the month), the profit and expense account should be pferred to the profit account to calculate the net profit (or net loss) of the enterprise.

That is, the account of the current profit shall be debited, and the main business cost, other business costs, business tax and additional expenses, operating expenses, administrative expenses, financial expenses, sales expenses and income tax expenses shall be credited.

The balance of each expense account should be zero after the pfer.

Similarly, in order to calculate the net profit (or net loss) of an enterprise, it is necessary to pfer the balance of the income account at the end of the profit and loss account to the "profit account" at the end of the term.

That is to debit "main business income", "other business income", "

And so on, and credited the "profit for the year".

The balance of each revenue account should be zero after the pfer.

After pferring the expense account and income account to the "profit account", the "current profit" account, if it is the credit balance, is accumulated from the beginning of the year to the end of this month.

If the balance is on the debit side, it is a cumulative net loss.

At the end of the year, the net profit realized in this year shall be pferred to the "profit distribution" account, that is, the "current profit" shall be debited, and the "profit distribution - undistributed profit" shall be credited.

If a net loss is made, it is debit "."

The "undistributed profit" shall be credited to the "current profit", and the account of the current year profit after the pfer shall have no balance.

After the end of the year, the net profit will be allocated according to the statutory procedures, and the balance of other subsidiary accounts of the profit distribution account should be pferred to the "profit distribution undistributed profit" subsidiary account. After the pfer, the profit distribution account will have no balance except for the "undistributed profit" ledger account.