How are the principles and methods of settling account 111 – Cash in business accounting regulated? Please refer to the related information in the following article of MISA MeInvoice .
Note: You can find an overview of all types italy telegram data of accounting accounts according to Circular 200 in the article for further reading.
See more: Accounting system according to the latest circular 200 Excel file 2022
Table of Contents Hide
1. How is the accounting principle of account 111 regulated?
2. Structure and content of excitement and pressure is of account 111 – Cash
3. How to settle some major transactions of account 111 – Cash
3.1. When selling products, goods, or providing services for immediate cash collection, accountants record revenue.
3.2. Upon receiving payment from the State Budget for bw lists subsidies and cash subsidies
3.3. When financial revenue and other cash income arise
3.4. Withdraw bank deposits to cash fund; borrow long-term and short-term cash (Vietnamese currency or foreign currency recorded at actual transaction exchange rate)
3.5. Collecting receivables, lending, collateral, cash deposits; Receiving collateral, cash deposits from other businesses
3.6. When selling short-term and long-term investments for cash, accountants record the difference between the amount received and the cost of the investment (determined by the weighted average
method) in financial income or financial expenses.
3.7. Upon receipt of owner’s capital contribution in cash
3.8. When receiving money from the parties in a business cooperation contract without establishing a legal entity to cover common activities
3.9. Cash withdrawal to deposit into bank account, deposit, bet
3.10. Cash withdrawal to buy securities, lend or invest in subsidiaries, invest in joint ventures, associates…
3.11. Cash disbursement for purchasing inventory (by regular declaration method), purchasing fixed assets, and spending on basic construction investment activities
3.12. Cash withdrawal to purchase inventory (according to the periodic inventory method), if input VAT is deductible
3.13. When purchasing raw materials and paying in cash for immediate use in production and business, if input VAT is deductible
3.14. Cash disbursement to pay loans and payables
3.15. Cash disbursement for financial activities and other activities
3.16. Cash shortages detected during inventory with unknown causes
3.17. Cash surpluses discovered during inventory with unknown causes
3.18. Accounting for Government bond repurchase contracts: Follow the regulations in the instructions section of Account 171 – Government bond repurchase and resale transactions.
3.19. Transactions involving foreign currency are cash
3.20. Accountants use the actual transaction exchange rate (the bank’s buying rate) to re-evaluate foreign currency cash at the time of preparing the Financial Statements.
3.21. Accounting for revaluation of monetary gold
Conclusion
