Accounting financial accounting. Accounting for settlements with suppliers and contractors (the most important)

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Accounting financial accounting. Accounting for settlements with suppliers and contractors (the most important)

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13. ACCOUNTING FOR SETTLEMENTS WITH SUPPLIERS AND CONTRACTORS

Suppliers and contractors include organizations that supply various inventory items (finished products, goods, raw materials), provide services (intermediary, rental, utilities) and perform various works (construction, repair, etc.).

Accounting transactions for delivered products (goods), performed works or rendered services are reflected in synthetic account 60 "Settlements with suppliers and contractors" in accordance with the terms of the contract and settlement documents. Account 60 is predominantly passive. The credit of account 60 reflects the arising accounts payable, and the debit - its repayment. Account 60 can be active only if an advance payment has been made to the supplier (contractor), while in order to strengthen control over the movement of funds, it is advisable to open a sub-account "Advances issued" to this account. If the supplier's account was accepted (paid) before the receipt of the goods, then an entry on the credit of account 60 repays the receivables for suppliers (contractors) on an advance payment.

Accounts payable to suppliers and contractors actually charged:

▪ acceptance of settlement documents for accepted values, works, services;

▪ acceptance of valuables received from suppliers without payment documents (uninvoiced deliveries);

▪ identifying surplus when accepting inventory items.

In accordance with the terms of the agreement concluded between the organizations, settlements with suppliers and contractors are carried out after the shipment of goods, performance of work or provision of services, or at any other time.

Account 60 "Settlements with suppliers and contractors" is credited to the invoices of suppliers presented for payment and accounts for accounting for valuables are debited (08 "Investments in non-current assets", 10 "Materials", 15 "Procurement and acquisition of material assets", 41 "Goods", etc. .) or cost accounting accounts (20 "Main production", 23 "Auxiliary production", 25 "General production expenses", 26 "General expenses", 29 "Service production and farms", 97 "Deferred expenses", etc.) .

After acceptance of the invoice, upon acceptance of the incoming valuables at the warehouse, a shortage in excess of the norms of natural loss may be detected; when checking the accepted invoice of the supplier (contractor), discrepancies in prices stipulated by the contract and arithmetic errors may be detected. In these cases, account 60 is credited for the amount of the claim in correspondence with the debit of account 76 "Settlements with various debtors and creditors", subaccount 76-2 "Settlements on claims". This entry accrues accounts receivable for suppliers on claims.

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