few days ago, we received Gazelle Circle this query: "Last week I bought tools for the company, how do I count?".
From the Department of Management Gazelle believe that this question can arise in many of the followers of this blog so we will take this post for clarification on this issue.
We must be clear, first of all, the difference between the accounts of machinery and tools, the PGC us defines both as:
213. Machinery: assembly of machinery or equipment which is performed by the extraction or processing of products.
214. Tools: a set of tools or tools that can be used independently or in conjunction with the machinery, including molds and templates.
The first thing to consider when accounting for the acquisition of tools is the period of intended use, ie whether the tools will last longer than 1 year or less.
For lasting less than a year, would account to an account 602. Purchase of other supplies. At year end there shall be no amortization of these tools.
If tool life is initially provided more than one year, posting the account would realize a 214. Tooling. At the end, we have to calculate their value after use to record the loss of value. The seat is as follows:
659. Other current operating losses to 214. Tools, for the value they have lost the tools.
In summary, the most important thing is to foresee the life that will have the tools within our company, since it will depend on the accounting.
post I hope this helps to clarify any doubts that you could have regarding this issue, and as always, we close up to the next, a greeting.
0 comments:
Post a Comment