How to deal with the loss of raw materials in enterprises?
Accounting treatment of raw material storage loss in production enterprises;
1. After finding out the reason, it belongs to normal loss. Enter the following:
Debit: loss and surplus of pending property-loss and surplus of pending current assets.
Loan: raw materials
Taxes payable-VAT payable (transfer-out input tax)
2. For the losses caused by poor measurement, accounting and receiving and dispatching management, make the following entries:
Borrow: raw materials-surplus materials
Other receivables-insurance, liability compensation
Loan: loss and surplus of pending property.
3. Inventory losses caused by natural disasters or accidents:
Borrow: raw materials
Other receivables (insurance, liability compensation)
Non-operating expenses-extraordinary losses
Loan: loss and surplus of pending property.
What is the loss and overflow of pending property?
The loss and surplus of the property to be treated belong to the asset category, and the inventory surplus, inventory deficit and damage of various property and materials confirmed by the accounting enterprise in the inventory process are accounted for. There are often two detailed subjects in the subject of pending property loss and surplus, namely "pending fixed assets loss and surplus" and "pending current assets loss and surplus". The loss and surplus of the pending property are directly related to the assets before reporting for approval, and directly related to the current loss and surplus after reporting for approval. The debit balance at the end of this course reflects the net loss of all kinds of property and materials that have not been processed; If it is a credit balance, it reflects the net surplus of all kinds of property and materials that have not been processed.
What are other receivables?
Other receivables refer to all kinds of receivables and temporary payments except notes receivable, accounts receivable, prepayments, dividends receivable and interest receivable. Including all kinds of receivable claims and fines; Rent receivable for the rental package; All kinds of advance payments that should be collected from employees; Other receivables and temporary payments.