At the time of purchase:
Borrow: low-value consumables
Credit: Cash on hand
50% of the amortization value shall be paid in advance:
Debit: Operating expenses
Loans: low-value consumables
50% of the re-amortized value when scrapped:
Debit: Operating expenses
Loans: low-value consumables
Low-value consumables refer to artificial materials whose unit value is more than 10 yuan and less than 2,000 yuan, or whose service life is less than one year, and cannot be used as fixed assets.
It is similar to fixed assets. It can be used many times in the production process without changing its physical form. It also needs maintenance when it is used, and there may be residual value when it is scrapped. Because of its low value and short service life, its value is spread into the product cost by simple methods.
Extended data:
Amortization distribution of low-value consumable expenses:
The amortization distribution of low-value consumables expenses is usually carried out by compiling the "amortization distribution table of low-value consumables". Amortization distribution, according to different departments and uses, should be recorded in the production cost, manufacturing cost, management cost and other subjects and related cost items in their detailed subjects. When an enterprise is put into production and operation, a large number of low-value consumables can be amortized as prepaid expenses.
If an enterprise adopts one-time amortization method or amortization method, its low-value consumables shall be accounted according to the planned cost, and the planned cost shall be adjusted to the actual cost according to the category difference rate of low-value consumables at the end of the month.
Baidu encyclopedia-low-value consumables