the price adjustment fund is a special fund used by the government to control market prices, balance supply and demand or support operators. How to do related accounting entries?
accounting entries of price adjustment fund
1. When drawing the price adjustment fund:
Debit: management fee-price adjustment fund
Loan: other payables-price adjustment fund
2. When handing in the price adjustment fund:
Debit: other payables-price adjustment fund
Loan: bank deposit
3.
The purpose of setting up the price adjustment fund is to regulate some commodities that are prone to market price fluctuations and have a significant impact on the national economy and people's livelihood. The commodities included in the price adjustment fund mainly include agricultural and sideline products such as grain, cotton, oil, meat, eggs, vegetables and sugar. The main sources of price adjustment funds are government financial subsidies or budgetary allocations; The collection from the society mainly involves the hotel industry, tourism industry, construction industry and so on.
what is the management fee?
The management expense account belongs to the profit and loss account. At the end of the period, the enterprise should transfer the balance of the management expense account to the "profit of this year" account, and there is no balance in this account after carrying it forward. The management expenses account for the management expenses incurred by the enterprise for organizing and managing the production and operation of the enterprise, including the follow-up expenses such as fixed assets repair expenses incurred by the production workshop (department) and administrative department of the enterprise. Enterprises can carry out detailed accounting for this subject according to the cost items.
what are the subjects of other payables?
other accounts payable accounts for accounts payable and temporarily received from other units or individuals that are not directly related to the main business of the enterprise, and it belongs to the liability account.