What Should The Financial Personnel Pay Attention To In Carrying Out The Accounting Pfer?

In the supply process accounting, two accounts are set up to record the actual cost of the material.

One is the "goods in pit" account: accounting for the actual cost of purchasing various materials and materials that have not yet arrived or have not been checked and accepted; two is the "raw material" account: accounting for the increase or decrease in the actual cost of the inventory material of the enterprise and the balance.

Therefore, when the purchased material has not yet arrived or has not yet been checked and accepted, the actual cost should be recorded in the "on the way goods" account. When the actual cost of the carrying material is checked, the relevant accounts such as raw materials will be debited, and the "goods in pit" account will be credited.

Carry over manufacturing cost

Under the manufacturing cost law, the cost of the product includes two parts: direct cost and indirect cost.

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, when the final allocation is carried out for manufacturing expenses, the "production cost" and the relevant subsidiary ledger will be debited, and the "manufacturing cost" account will be credited.

Cost of carrying over finished products

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, and the cost of the finished product will be carried forward, that is, the account of the "inventory commodity" will be debited, and the production cost account will be credited.

"Production cost"

The end balance reflects the cost of unfinished products.

Final carry over expense account

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.

Final carry over income account

Similarly, for the calculation of the enterprise

(or net loss occurring), at the end of the period, all the profit and loss accounts in the profit and loss account should be pferred to the current profit account.

That is, to borrow "main business income", "other business income", "extra business income" and so on, and credited the "annual profit".

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 the credit balance is the accumulated net profit 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.

End of year profit

At the end of the year, the net profit realized in this year should be pferred to the "profit distribution" account, that is, to borrow.

"Credited" profit distribution - undistributed profit ".

If a net loss is made, the "profit distribution - undistributed profit" is debited, and the "current year profit" is credited. There should be no balance in the "profit account" after the pfer.

Year-end carry over profit distribution

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.