The need to file a return to the supplier may arise due to a number of reasons: the offer of low-quality and incomplete products, erroneous shipment, termination of the contract, etc. It does not matter which of them led to the refusal of the consignment, the operation must be reflected in the accounting records.
Instructions
Step 1
Determine if the return situation is related to improper performance by the supplier of the terms of the sales contract. The fact is that if quality goods were shipped on time, and all obligations were fulfilled, then the only possible way to return the batch is to sell it in the reverse order. In the case of a marriage, other operations will be required. Remember that according to PBU 5/01, the organization's stocks acquired by it for further resale are accounted for at the cost of receipt. In retail, however, sales prices can be used as the basis for calculations.
Step 2
Make the necessary records for the delivery.
Step 3
Record the fact of shipment of goods and the occurrence of debt to the supplier (Dt 41/2 CT 60).
Step 4
Allocate the amount of VAT on the goods shipped (Dt 19/3 Kt 60).
Step 5
Reflect the value of the trade margin (Dt 41/2 CT 42).
Step 6
Submit VAT deductible (Dt 68 Kt 19/3).
Step 7
Post the amount of payment to the supplier for the goods shipped (Dt 60 CT 51).
Step 8
Wholesale organizations apply a similar scheme with minor amendments: instead of account 41/2, 41/1 is used, and since there is no need to take into account the trade margin, therefore, the entry "Dt 41/2 Kt 42" is not made.
Step 9
Reflect the return of purchased items. If it is related to the delivery of a marriage, the actions will be as follows.
Step 10
Take the cost of defective products to settlements with the supplier (Dt 76/2 Kt 41/1 - wholesale or 41/2 - retail).
Step 11
Reverse the trade margin on goods presented for return (Dt 76/2 Kt 42).
Step 12
Recover the VAT amount (Dt 76/2 Kt 68).
Step 13
In case of refusal from quality products, you need to reflect its resale according to the following scheme.
Step 14
Reflect the proceeds from the sale of goods to the supplier (Dt 62 Kt 91/1).
Step 15
Write off the purchase price of the goods (Dt 90/2 Kt 41/1).
Step 16
Calculate VAT on returned goods (Dt 90/3 Kt 68).
Step 17
Record the payment from the supplier (Dt 51 Kt 62).
