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How to calculate the net loss of fixed assets inventory loss
The net loss of fixed assets inventory loss is included in non-operating expenses-inventory loss account. The losses caused by the shortage of fixed assets shall be included in the current profits and losses. When examining and approving the report according to the management authority, recover the loss according to the recoverable insurance compensation or negligence compensation;

Accounting entries in case of shortage: before approval:

Borrow: loss and surplus of pending property-loss and surplus of pending fixed assets.

accumulated depreciation

Impairment of fixed assets

Loans: fixed assets

After approval:

1) can get insurance compensation or negligence compensation,

Debit: other receivables,

Loan: loss and surplus of pending property-loss and surplus of pending fixed assets.

2) According to the amount that should be included in non-operating expenses,

Debit: non-operating expenses-loss of inventory,

Loan: loss and surplus of pending property-loss and surplus of pending fixed assets.