(1) Source of public funds. Business fund is a kind of fund with unlimited uses, and its main sources are: business fund increased due to the balance of business activities; Business funds transferred from other types of assets or income after the restriction is lifted. The balance of the allocated special fund has been used up, and if it is left to institutions for use according to regulations, it can be transferred to institutions' funds.
(2) Accounting treatment of public funds. There are two detailed subjects: general funds and investment funds. The general fund is mainly used to account for accumulated surplus funds; Investment fund a fund used to describe foreign investment. The main business is as follows:
(1) At the end of the year, institutions will transfer the final distribution balance to the account of public funds, debit the account of "distribution balance" and credit the account of "public funds-general funds". For the balance of funds allocated for completed projects, if it is left for use by the unit according to regulations, when it is transferred to public funds, it shall be debited to the "appropriation" subject and credited to the "public funds-general funds" subject.
(2) The business fund formed by foreign investment is the same as investment accounting, and is accounted for according to foreign investment subjects.
Example 1: At the end of the year, a cultural palace transferred the year-end balance of 30,000 yuan to the public welfare fund. The accounting entries are as follows:
Debit: balance distribution of 30,000.00.
Loan: public fund-general fund 30000.00
Example 2: According to the opinions of the competent trade union, a cultural palace allocated a special fund balance of 80,000 yuan for a completed project and kept it for its own use. The accounting entries are as follows:
Borrow: transfer to special fund 80000.00.
Loan: public fund-general fund 80000.00
Example 3: A cultural palace invests in foreign countries with fixed assets, the original value is140,000 yuan, and both parties evaluate100,000 yuan. The accounting entries are as follows:
Borrow: foreign investment 100000.00
Loan: public fund-general fund 100000.00
At the same time, according to the original value of fixed assets, accounting entries are as follows:
Debit: fixed assets 140000.00
Loan: fixed assets 140000.00