When special funds are used according to regulations, this account will be debited.

\x0d\ The special fund is a special fund formed by cooperatives through direct subsidy transfer from the state and donations from others.

\x0d\ 1.

When a cooperative uses state fiscal direct subsidy funds to acquire fixed assets, agricultural assets, intangible assets, etc., the "Special Accounts Payable" account will be debited and this account will be credited based on the actual amount of state fiscal direct subsidy funds used.

\x0d\ Example 5 The cooperative used a special national financial subsidy of 50,000 yuan to build a fruit preservation warehouse. The total expenditure was 50,000 yuan. The project was accepted and delivered for use.

The accounting entries are: \x0d\ Debit: Fixed assets 50 000\x0d\ Credit: Construction in progress 50 000\x0d\ Debit: Special payables 50 000\x0d\ Credit: Special fund 50 000\x0d\ 2.

When the cooperative actually receives monetary funds donated by others, the "cash on hand" and "bank deposit" accounts are debited and this account is credited.

\x0d\ Example 6 The cooperative received a cash donation of 8,000 yuan from cadres and employees of the County Agricultural Bureau.

The accounting entries are: \x0d\ Debit: cash on hand 8 000\x0d\ Credit: special fund 8 000\x0d\ 3.

When a cooperative receives non-monetary assets donated by others, it will debit "fixed assets", "products and materials" and other accounts according to the amount recorded in the attached invoice plus the relevant taxes and fees payable, and credit this account; if there is no attached invoice

, according to the approved appraisal value, "fixed assets", "product materials" and other accounts will be debited and this account will be credited.

\x0d\ Example 7 The cooperative received a fruit separator donated by Xingwang Group with an invoice price of 12,000 yuan.