Baby Walker Of The 80's

Dividend Payment Buying tools


date is approaching for submission of corporation tax, and thus, if our company has made profits in 2008, we can come on how to account for the payment of dividends.
This will be the theme of our entry today: "Count the payment of dividends."

At this time of year we have closed the accounts of the previous year, authenticated the books and what remains is to present the corporation tax and filing of accounts year, bringing the account 129. Profit for the year, we have the result of 2008, we are going to make the distribution of benefit.
divide our benefit from the following accounts:
- 112. Legal reserve (10% of the benefit, at least until the reserve reaches 20% of capital)
- 113. Voluntary Reserves (if we have created in society, the amount established by the board)
- 526. Active Dividend Payable (for the amount agreed to in meeting the payment of dividends)
These accounts will have their counterpart in the account 129. Profit for the period, the amount we had in the account at closing.

Once this seat, when the actual payment of the dividend, the seat to make would be:
526. Dividend payable to 57. Treasury
4751. Treasury withholdings payable.
retention account 4751, is 15% to be applied compulsorily to each shareholder and the company must enter this amount in property.
Each shareholder when it comes time to do their tax returns will integrate this retention in the furniture capital.

Gazelle From Circle, we hope that now you are wondering how to divide the profit, and This blog will serve to assist in understanding the distribution of profits from the accounting point of view.
So today, as always, we said goodbye until the next entry,

a greeting.

Can The Shingles Make You Infertile

Buying a car

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.