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How to make accounting treatment for sales collection of separately priced packages

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(1) packaging for production collection

debit: production cost

Credit: revolving materials – packaging

(2) packaging sold with products but not priced separately

banner

debit: sales expense

Credit: revolving materials – packaging

(3) Packaging sold with products and priced separately

debit: other business costs

Credit: revolving materials – packaging

(4) rental Lending packaging materials (one-time or split amortization)

① one-time amortization

borrowing: other business costs (rental packaging materials)

sales expenses (lending packaging materials)

Loan: revolving materials – packaging materials

② split amortization

when collecting new packaging materials for the first time:

borrowing: revolving materials – packaging materials – rental, lending

Credit: revolving materials – packaging materials – in stock

amortization in installments:

debit: other business costs (rental packaging materials)

sales expenses (lending packaging materials)

Credit: revolving materials – packaging materials – amortization

amortization completed:

debit: revolving materials – packaging materials – amortization

Credit: revolving materials – packaging materials – rental Lending

(5) rent received from rented packaging

debit: cash on hand (or bank deposit)

Credit: other business income

(6) deposit received from rented and lent packaging

debit: cash on hand (or bank deposit)

Credit: other payables

(7) rental Repair expenses incurred in lending packaging

debit: other business costs (renting packaging)

sales expenses (lending packaging)

Credit: raw materials, bank deposits Production costs, etc.

(8) the confiscated deposit of the overdue package

debit: other payables

Credit: other business income

taxes payable – VAT payable (output tax)

(9) when the lease expires, the leased or lent package cannot be recovered, or the leased Scrap of Lent packaging

① loan: raw materials, etc. (value of scrap)

Loan: revolving materials – Packaging – rental Lending

② lending: other business costs (rental packaging: amount after unamortized amount minus residual value)

sales expenses (lending packaging: amount after unamortized amount minus residual value)

Credit: revolving materials – Packaging – amortization

③ lending: revolving materials – Packaging – amortization

Credit: revolving materials – Packaging – rental and lending

the package priced separately shall be collected by sales and included in the sales expenses.

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