Accounting financial accounting. Accounting for authorized capital (the most important)

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Accounting financial accounting. Accounting for authorized capital (the most important)

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72. ACCOUNTING FOR SHARE CAPITAL

The initial and main source of formation of the organization's property is its authorized capital. In accordance with the Civil Code of the Russian Federation and depending on the organizational and legal form of ownership, there are:

- authorized capital economic companies, which represents the totality of the contributions of the founders to the property of the organization in monetary terms during its creation to ensure activities in the amounts determined by the constituent documents, and guaranteeing the interests of its creditors;

- share capital business partnerships, reflecting the totality of shares (contributions) of participants in a general partnership and limited partnership, made to ensure its financial and economic activities; the value of the share capital is reflected in the charter and can be changed by decision of the founders with the introduction of appropriate changes to the constituent documents;

- statutory fund state and municipal unitary organizations, which represents a set of fixed and working capital allocated to the organization free of charge by the state or municipal bodies;

- mutual and indivisible fund cooperative, formed by cooperatives (artels) at the expense of share contributions in the form of cash and other property for joint business activities.

Accounting for the authorized capital (and its varieties) is carried out on passive account 80 "Authorized capital".

Depending on the extent of responsibility to shareholders and members of the company, account 80 may have the following sub-accounts: 80-1 “Announced (registered) capital”

▪ in the amount specified in the charter and other constituent documents; 80-2 "Subscribed capital"

▪ at the cost of shares for which a subscription was made, guaranteeing their acquisition; 80-3 "Paid-up capital"

▪ in the amount of funds contributed by participants at the time of subscription and sold on free sale; 80-4 "Withdrawn capital"

▪ in the amount of the value of shares withdrawn from circulation by repurchasing them from shareholders by the company.

On credit account 80 the amount of contributions to the authorized capital during the formation of the organization after its registration is reflected in the amount of subscription to shares or donated by the founders or the state, as well as an increase in the authorized capital due to additional contributions and deductions of part of the organization's profit. By debit account 80 when the authorized capital is reduced, the following amounts are recorded: contributions returned to the founders; canceled shares; reduction of deposits or par value of shares; part of the authorized capital directed to the reserve capital, etc.

Account balance 80 indicates the size of the authorized capital, fixed in the constituent documents of the organization.

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