Materials in accounting are accounted for at the actual cost of their purchase or manufacture. When accounting for material values, account 10 "Materials" is used, to which appropriate sub-accounts can be opened.
Instructions
Step 1
For registration of materials without any payment documents, use the document acceptance certificate. Reflect the receipt by postings: D10, K60 "Settlements with suppliers", 20 "Main production" or 23 "Auxiliary production" (if they were made by you), or 76 "Settlements with debtors and creditors" and others. When purchasing, materials must be accompanied by an invoice from the supplier, as well as shipping notes.
Step 2
Then you need to reflect the VAT on the purchased values. To do this, make the entries: D19 "VAT on purchased values", K60 or 76.
Step 3
Next, you need to reflect the release of these materials into production. When moving them to the warehouse, the financially responsible person must check the quality, quantity, certificates and issue a receipt voucher in the form No. M-3 or M-4, on the basis of which you will make an entry in the accounting. After receiving the above documents, make the posting: D20 K10
Step 4
When disposing of material assets, make the following entry in the accounting: D91 "Other income and expenses", K10 "Materials".
