The enterprise may have a loss based on the results of the financial year. An accountant should remember that a loss in reporting draws the attention of tax officials to the company's activities.
Instructions
Step 1
Not a single regulatory act requires taxpayers to justify a loss, but in order to satisfy the interest of the tax authorities, it is worthwhile to formulate well explanations about its occurrence and give specific reasons as arguments.
When applying the general taxation system and PBU 18/02 at the end of the year, use the following arguments as the reasons for the loss:
1. There were difficulties with the sale of products, so revenue falls faster than costs are reduced.
2. Due to the fall in demand, they are forced to lower prices for products, sometimes even below the cost price.
3. The production premises were repaired, and its cost was immediately taken into account in the cost.
Step 2
At the close of the reporting period, form a balance on subaccount 90-9 and write off to account 99 “Profits and losses”, subaccount “Profit (loss) before taxation”.
Upon receipt of a loss, generate the following records: Debit 99 subaccount "Profit (loss) before tax" Credit 90-9 - the loss is reflected by type of activity for the reporting period and Debit 99 subaccount "Profit (loss) before tax" Credit 91-9 - - the loss is reflected on other transactions for the reporting period.
Step 3
When PBU 18/02 is applied simultaneously with the closing of the reporting period, the contingent income should be reflected in the accounting. It arises when a loss is received from the enterprise. To calculate this indicator, multiply the total balance on subaccount 90-9 and subaccount 91-9 by the income tax rate (20%).
Reflect the amount of contingent income with the entries: Debit 68 "Calculations for income tax" Credit 99 "Conditional income for income tax" - the amount of contingent income for the reporting period is charged and Debit 09 Credit 68 - a deferred tax asset with a loss is reflected.
