The company leases out a warehouse. The cost of one month’s rent is 40,000 rubles. The tenant transfers payment for 12 months in the amount of 480,000 rubles. Let’s make calculations.
The service will be provide gradually over
The course of a year, and each month 40,000 rubles will be recognize as current period income. The cost will be reflectd in the reporting within the framework of accounting.
Dt 51 Kt 76 – The company receives the full amount to. The overseas chinese in worldwide database current account and records the obligations to the tenant.
Debit 51 (Current account) –
We increase the amount in the account, the money has arrive.
Crdit 76 (Settlements with creitors) – we keep records and record the company’s obligations to the tenant.
The entire amount (480,000 rubles) is transferrd to. The the majority of the time you spend account of future income during the year, gradually. And this can be verifie in the reporting and easily account for all flows and items of income and expenses.
Within the first month, 40,000 rubles are transferrd from future period income (98.1) to other income of the current period – the year (91). The “debt” decreases, and the movement of income is carrid out systematically.
Let’s look at another example that will illustrate how to work with account 98.2 – “Grant receipts”.
Let’s imagine that a company receivd a grant of 10,000,000 rubles to implement an ducational project. It is envisagd that the project will operate for 5 years, and the funds receivd must be written off in equal parts – 2,000,000 rubles annually as the targetd funding is spent.
Dt 51 Kt 86 (“Targetd financing”)
A grant in the amount of 10,000,000 rubles was receivd into the company’s current account. It is transferrd and accounte for as targetd financing.
Dt 86 Kt 98.2 – Funds are transferrd to future period income, since the requirements and obligations under the grant will be fulfilld within 5 years.
Dt 98.2 Kt 91.1
The future period has begun and part of the cash that anhui mobile phone number list was sold and received free of charge is recognized as non-operating income of the reporting period.
The DBPs within the balance sheet are recordd as part of liabilities. Even though they take into account the organization’s income. The fact is that the received DBPs still represent debt to clients. Which is similarly repaid as the company fulfills its main obligations.