Commercial organizations can receive funds from state budgets as assistance. In this case, the accounting procedure for their receipt and use is regulated by PBU 13/2000 "Accounting for State Aid". The remainder of the unused funds must be returned to the appropriate budget.
Instructions
Step 1
Reflect in accounting the receipt of state aid from the budget, using account 86 "Target financing". Make a record of the posting: Debit of account 51 "Current account", Credit of account 86 "Target financing" - received from the state aid budget.
Step 2
Write off the expenses for the event for which the state aid has been allocated to the debit of account 91.2 "Other expenses" in correspondence with the expense accounts. For example: - Debit of account 91.2 "Other expenses", Credit of account 10 "Raw materials and materials" - the cost of materials spent on an event financed from the budget was written off; - Debit of account 91.2 "Other expenses", Credit of account 70 "Salary" - accrued the wages of the main workers.
Step 3
Include the amounts of state aid received during the period of recognition of the costs for which they were provided to be financed into the organization's other income by posting: Debit of account 86 "Target financing", Credit of account 91.1 "Other income" - the amount of state aid is taken into account as part of other income in the amount of, necessary to compensate for the costs of a government event.
Step 4
Issue a return of state aid to the state budget if you have the amount of unused budget funds left. The accounting entry will be as follows: Debit of account 86 "Target financing", Credit of account 51 "Current account" - the amount of unspent state aid was transferred to the budget.
Step 5
Disclose in the explanatory note of the financial statements the receipt of state aid, if its amounts are significant to characterize the financial position and financial results of your organization.
