Business, like any other type of activity, has its ups and downs. In addition, it depends on the state of the economy in the country, and in the world as a whole. It also happens that within a certain period of time the company does not extract revenue from its own activities. These enterprises mainly include trade organizations or companies that produce and sell their goods.
Instructions
Step 1
According to the Regulation on accounting "Organization expenses" (PBU 10/99), all expenses are divided into: expenses for ordinary activities, operating expenses, non-operating and extraordinary expenses.
Step 2
Expenses for ordinary activities are all expenses incurred by an enterprise in the process of production and (or) sale of products, goods, services. These include spending on the purchase of materials, wages of workers, the cost of renting premises, etc. These expenses should be written off in the time period in which they occurred (clauses 17 and 18 of PBU 10/99).
Step 3
The specific procedure for displaying expenses in accounting in the absence of revenue depends on the type of activity of the enterprise. Firms that manufacture their own products, purchase materials, raw materials, charge depreciation and wages, reflect expenses in the usual manner, on the debit of account 20 "Main production". General business expenses (maintenance of the management apparatus, etc.) are recorded first on account 26 "General business expenses", and then they are also written off to account 20.
Step 4
DEBIT 20 CREDIT 10 subaccount "Raw materials and supplies";
DEBIT 20 CREDIT 70 - payroll for production workers;
DEBIT 20 CREDIT 02 - depreciation on equipment for the production of products; DEBIT 26 CREDIT 70 - the salary of the employees of the administrative apparatus is accrued; DEBIT 20 CREDIT 26 - General administrative expenses have been written off.
Step 5
A new, just opened company, often has no income and revenue for some time. Therefore, all expenses for the purchase of equipment, depreciation, the maintenance of the management apparatus before the start of production until 2011 were attributed to account 97 "Deferred expenses", then, when the enterprise begins to release products, they were written off to debit 20 of account. However, according to the new version of clause 65 of the Regulation "costs incurred by the organization in the reporting period, but related to the next reporting periods, are reflected in the balance sheet in accordance with the conditions for recognizing assets established by regulatory legal acts on accounting, and are subject to write-off in accordance with the procedure established to write off the value of assets of this type ".
Step 6
In other words, the rule is excluded that the costs incurred in the reporting period, but related to the following, must be unambiguously recognized as deferred expenses. The document refers to regulatory legal acts on accounting, that is, to PBU. If any PBU does not oblige to consider expenses as deferred expenses, the company has the right to recognize them immediately upon accrual.
