Encyclopedia of Accounting - Gracheva R.E. Section II P.1

Acquisition of an item of fixed assets through accountable persons, requiring before commissioning of installation and commissioning

Table 2.5.

		Revolutions on accounts
№ п / п	Contents of operation	Basic economic operations		Tax settlements transactions		Amount
		D-t	To	D-t	To
1.	An advance was given to the accountable person	372	301			35,000
2.	An advance report on the acquisition of the object was adopted	15	372			20000
3.	Expenses incurred in connection with the acquisition of this object and reflected by the accountable person in the same advance report on the basis of the primary documents transferred to the accounting department are included in the capital expenditures (travel, transportation, etc.)	15	372			4500
4.	A VAT tax credit has been added to the cost of the acquired object, equal to the amount paid to the seller (posting simultaneously with posting 2)			641	372	4000
5.	A tax credit for VAT was charged for the costs incurred which accompanied the acquisition of the object (posting simultaneously with posting 3)			641	372	900
6.	The balance of the reports issued and not confirmed by the fact of incurring the expenditure of funds was returned by the accountable person to the cashier	301	372			5600
7.	Salary paid to employees engaged in installation and adjustment of purchased equipment	15	661			1500
8.	Social charges paid at the expense of the enterprise in connection with the payment of wages	15	65			540
9.	Production reserves spent for assembly and commissioning work are included in capital expenditures	15	20			800
10.	An advance payment was made to a third-party contractor for the performance of works related to the commissioning of the acquired object in operation	371	311			2400
eleven.	A tax credit was accrued in connection with the implementation of advance payment (posting simultaneously with posting 10)			644	631	400
12.	The cost of works performed by the contractor, according to the signed act, is included in the capital expenditure	15	631			2000
13.	A tax credit accrued for the amount of the cost of works performed is recognized in calculations with the budget (posting simultaneously with posting 12)			641	644	400
14.	Settlements with the contractor are closed due to prepayment (posting at the same time as posting 12)	631	371			2400
15.	The acquired object is put into operation and is credited to the item of fixed assets at the historical (actual) cost that has been established for the time on account 15	10	15			29340

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