Accounting financial accounting. Accounting for settlements with buyers and customers (the most important)

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Accounting financial accounting. Accounting for settlements with buyers and customers (the most important)

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14. ACCOUNTING OF SETTLEMENTS WITH BUYERS AND CUSTOMERS

Accounting transactions for shipped products (goods), work performed or services rendered are recorded on synthetic account 62 "Settlements with buyers and customers". Count 62 is predominantly active. The debit of account 62, when products are shipped to customers, reflects the resulting receivables at the sales price of the products, and the credit reflects its repayment. Account 62 can be passive only if an advance payment has been received from the buyer (customer) as an advance payment under the contract. To summarize information on settlements for advances received for the supply of material assets or for the performance of work, as well as for payment for products and work performed for customers upon partial completion, you should open a subaccount “Advances received” to account 62 “Settlements with buyers and customers” .

For the amount of payment for shipped goods or products, work performed and services rendered, the organization issues settlement documents to the buyer or customer. An entry is made in accounting: Dt 62 "Settlements with buyers and customers"; Kt 90 "Sales".

When buyers and customers repay their debt, it is debited from the credit of account 62 to the debit of cash accounts (50 "Cashier", 51 "Settlement accounts", 52 "Currency accounts", etc.).

An organization, as a supplier of inventory items, a contractor of works, may conclude agreements with buyers (customers) that provide for the receipt of prepayment, advance payment or payment for products and works on partial completion.

In the case of receiving an advance payment and payment on partial readiness, the supplier presents settlement documents in the general manner for the full cost of the shipped valuables (for the full scope of work). At the same time, the amounts of advance payments received and payment for partial readiness are offset against the debt for buyers accrued in accordance with settlement documents.

Accounts payable on received advances and prepayments are repaid upon the sale of valuables, performance of work upon presentation of settlement documents to buyers (customers).

Accounts payable on the received prepayment are accepted for accounting by posting on the debit of account 51 "Settlement account" and the credit of account 62 "Settlements with buyers and customers".

Repayment of debts to buyers (customers) upon shipment of products, performance of work is reflected in the debit of account 62 "Settlements with buyers and customers" in correspondence with the credit of account 90 "Sales".

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