The difference between the selling price and the purchase price of small enterprises engaged in commodity circulation when selling goods is called the purchase and sale price difference of goods. Accountants generally include the price difference into the purchase and sale price difference of goods, main business costs and other accounts for accounting. How to write relevant accounting entries?
Accounting entry of purchase sale price difference
For enterprises that carry forward the cost according to the sales price of goods at ordinary times, at the end of the month, the purchase/sales price difference calculated for the sold goods in the current month will offset the excess sales cost and the realized price difference
Debit: price difference between purchase and sale of goods
Credit: main business cost
Enterprises that do not carry forward the cost with commodity sales at ordinary times should write off the purchase sales difference and carry forward cost of the sold commodities at the end of the month
Debit: main business cost
Price difference between purchase and sale of commodities
Credit: inventory goods
What is the price difference between purchase and sale of goods?
The difference between the purchase price and the sales price of commodities refers to the difference between the sales price and the purchase price of commodities when small enterprises engaged in commodity circulation adopt the sales price accounting. For example, if the price of goods is 60 yuan, and the purchase price is 40 yuan, then 20 yuan is their purchase sales price difference.
What are inventory items?
Inventory goods refer to the products that have completed all the production processes and been accepted and warehoused, meet the standard specifications and technical conditions, can be delivered to the ordering unit according to the conditions specified in the contract, or can be sold as goods, and various goods that have been accepted and warehoused after outsourcing or subcontracting for sale.
What are the main business costs?
The main business cost refers to the cost incurred in the business activities such as selling goods and providing labor services.
An enterprise shall set up a cost account for its main business, and conduct detailed accounting according to the type of main business, so as to account for the actual costs incurred by the enterprise in its daily activities such as selling goods, providing labor services, or transferring the right to use assets.
How to carry forward the purchase sales difference of goods at the end of a month? Accounting entries?
The price difference between the purchase and sale of goods is no longer used. It was originally used only in retail enterprises.
Debit: price difference between purchase and sale of goods
Purchase sales price difference of goods transferred to sold goods
Credit: main business cost
If it is the difference between the planned cost and the actual cost of raw materials, it can be transferred to manufacturing expenses and then allocated to production costs.
Debit: manufacturing expenses
Credit: material cost variance
Debit: production cost
Credit: manufacturing expenses
Development materials:
The purchase sales price difference is the difference between the purchase price and the sales price. If the purchase price is greater than the selling price, the difference is gross loss; if the purchase price is less than the selling price, the difference is gross profit. For commercial enterprises that implement sales price accounting, the "inventory goods" account is accounted for according to the sales price, and a separate "purchase sales price difference" account is set up to reflect the purchase sales price difference of goods.
The "purchase sales difference" account is the adjustment account of the "inventory goods" account. When purchasing goods, the difference between the purchase price and the selling price is credited (increased) to the "purchase sales difference" account, and the difference between the purchase price and the selling price is debited (decreased) to the "purchase sales difference" account. The balance of the "purchase sales difference" account before the period end allocation transfer is the amount of the purchase sales difference that should be allocated between the inventory goods and the sold goods, The allocation shall be carried out according to the inventory and sales proportion, and the amortized purchase and sales difference of the sold goods and the reserved purchase and sales difference of the inventory goods shall be calculated respectively.
The purchase and sales price difference that should be apportioned for the sold goods should be transferred from the "purchase and sales price difference" account to the "operating cost" account, so as to adjust the cost carried forward at ordinary times according to the sales price to the balance of the "purchase and sales price difference" account after carrying forward the actual cost reflected by the purchase price, that is, the purchase and sales price difference of inventory goods. The purchase price cost of inventory goods is the difference between the sales price of inventory goods minus or plus this part of the difference.
Commercial enterprises that implement quantity purchase price amount accounting or purchase price amount accounting do not set up a separate "purchase sales difference" account. Sales revenue is reflected in the "operating revenue" account, and the purchase price of goods sold is reflected in the "operating cost" account. The difference between the two is the purchase sales difference of goods sold.
The so-called price difference between purchase and sale of commodities refers to the difference between the price of commodities and the purchase price when small enterprises engaged in commodity circulation use the price accounting.
For example, if the price of goods is 60 yuan, and the purchase price is 40 yuan, then 20 yuan is their purchase sales price difference.
The purchase and sales difference that should be allocated to the sold goods at the end of the period is calculated as follows:
Price difference rate=the balance of this account before the period end allocation ÷ (the ending balance of the "inventory goods" account+the ending balance of the "consignment goods" account+the ending balance of the "issued goods" account+the credit amount of the "main business income" account in the current period) × 100%
The purchase sales price difference allocated to the monthly sales of goods=the credit amount of the "main business income" account in the current month × the price difference rate
The term "main business income" as mentioned above refers to the income derived from commodities accounted by selling prices.
At the end of each month, the purchase and sales price difference of the sold goods shall be allocated. If the cost has been carried forward according to the sales price, the "main business cost" shall be offset, the "purchase and sales price difference of goods" account shall be debited, and the "main business cost" account shall be credited.
The price difference rate of the previous month can be used to calculate the purchase and sales price difference that should be apportioned for consigned goods and consigned processing materials. If the purchase and sales price difference rate of small enterprises is relatively balanced between months, the price difference rate of the previous month can also be used to calculate the purchase and sales price difference that should be borne by the sold commodities in the apportionment month, and the purchase and sales price difference of commodities should be verified and adjusted at the end of the year.
How to handle the accounting of the purchase sale price difference of commodities
1. The following accounting entries are made for the increased inventory of goods purchased, processed and returned by the enterprise according to the price of the goods.
Debit: inventory goods.
Credit: bank deposit.
Entrusted processing materials, etc.
Borrow or lend the price difference between the purchase and sale of goods.
2. Allocate the purchase and sales price difference of the sold goods at the end of the period (month).
Debit: price difference between purchase and sale of goods.
Credit: main business cost.
The difference between the commodity sales price and the purchase price, which is calculated by the enterprise using the sales price for daily accounting, is the credit balance at the end of this period, which reflects the purchase and sales price difference of the enterprise's inventory goods.
What does the difference between purchase and sale of goods mean? How to make entries?
The "purchase sales price difference of goods" account is an enterprise that implements sales price amount accounting. The purchase sales price difference of sold goods is calculated correctly. The purchase cost of an enterprise's inventory is the inventory amount minus the purchase sales price difference of goods. The ledger of this account usually uses three column pages.
The accounting entries are as follows:
one
For enterprises that carry forward cost based on commodity sales price at ordinary times, at the end of the month, the calculated purchase/sales price difference of the sold goods in the current month will offset the excess sales cost and realized price difference, and the following accounting entries will be prepared:
Debit: price difference between purchase and sale of goods
Credit: main business cost
two
Enterprises that do not carry forward the cost with commodity sales at ordinary times should write off the purchase sale price difference and carry forward cost of the sold commodities at the end of the month, and prepare the following accounting entries:
Debit: main business cost
Price difference between purchase and sale of commodities
Credit: inventory goods
Assume that the purchase price of 100 yuan and the selling price of 110 yuan are tax inclusive:
Debit: goods in stock
one hundred and ten
VAT payable - input
fourteen point five three
Credit: bank deposit (cash)
one hundred
Price difference between purchase and sale of commodities
twenty-four point five three
sell out:
Debit: accounts receivable
one hundred and ten
Credit: main business income
ninety-four point zero two
