In the course of business activities, the accountant and the head of the organization may face such a situation as writing off defective or expired goods. These defects can be detected both during inventory and randomly. According to PBU 10/99, in accounting, such expenses are referred to as other expenses.
Instructions
Step 1
To write off an item, you must schedule an inventory commission. To do this, approve the composition of the inventory commission, select a chairman. To do this, draw up an order. In the same administrative document, indicate the object and date of the inspection, as well as the reason for its conduct.
Step 2
After identifying defective or spoiled goods, fill out a statement, which has a unified form No. INV-26. If the goods are disposed of, draw up a disposal certificate (form No. TORG-16). This document must be signed by the head of the organization, as well as by the members of the commission. If the goods are disposed of after the battle, make up Confirm all operations with the order.
Step 3
In accordance with article 146 of the Tax Code, when writing off a defective product, you must restore the amount of VAT previously paid to the budget. To do this, prepare an updated tax return. Note that the purchase price of these items will not deduct the tax base when calculating income tax. Defective goods also cannot be attributed to natural loss. And from this we can conclude that the marriage is written off at the expense of the company's own funds. Do not forget to show the recovered VAT in the sales ledger.
Step 4
Write off items in accounting. Do it with the following posting: D94 K41 - expired (defective) goods were detected; D94 K19 - VAT was written off from the purchase value of overdue (defective) goods; D19 K68 - VAT charged to the budget was restored; D91 "Other expenses" subaccount K94 - written off expired (defective) goods.
Step 5
If you do not want to recover previously paid VAT, be prepared for the fact that tax inspectors will come into conflict with you. The goods must be written off at selling prices including value added tax.
