1. Repair and purchase fund refers to the funds drawn by institutions according to their business income or a certain proportion of business income, which are charged to repair expenses and equipment purchase expenses (50% in each column) and carried forward according to other regulations for the maintenance and purchase of fixed assets of institutions.

2. The book balance of fixed assets of public institutions should be consistent with the book balance of fixed funds, except for fixed assets leased by financing: when public institutions purchase fixed assets, they should increase the fixed funds accordingly, and according to the different sources of funds, they should be listed as recurrent expenditures or reduced purchase funds in special funds; When disposing of fixed assets, fixed funds should be reduced accordingly.

When buying and selling fixed assets:

Borrow: special fund-repair and purchase fund

Loans: bank deposits

meanwhile

Borrow: fixed assets

Loans: fixed funds

3, therefore, institutions to buy a special fund for fixed assets reduction-major repair and purchase and construction fund.