The entry is:

Borrow: revolving materials-low-value consumables

Credit: accounts payable

Are those low-value consumables? Low-value consumables are characterized by low value, variety, large quantity, easy wear and tear and short service life, which leads to frequent purchase and scrapping.

Classification of low-value consumables:

(1) Commercial electrical appliances refer to all kinds of electrical appliances used in business, such as cleaning appliances, fire-fighting appliances and greening appliances.

(2) Management appliances refer to all kinds of furniture appliances in enterprise management, such as safes, sofas, chairs, tables, bicycles, etc.

(3) Packaging containers refer to turnover boxes, packaging bags, etc. Property management companies use it in the course of operation.

(4) Other appliances refer to low-value consumables that do not belong to the above classification.

Low-value consumables refer to articles and various appliances that cannot be used as fixed assets, such as tools, management appliances, glassware, labor protection articles, containers that can be used in business process, etc. Its characteristics are low unit value, short service life compared with fixed assets, and basically keep its original physical form unchanged during use.

What subjects do low-value consumables belong to? The first-level detailed account of "low-value consumables" under the general ledger account "revolving materials".

Concept of low-value consumables: Low-value consumables refer to all kinds of instruments that cannot be used as fixed assets accounting, as well as containers that are reused in the business process. Such as tools, management tools, glassware, labor protection articles, containers, etc. used in the business process. Compared with fixed assets, it is characterized by low unit value or short service life, and its original physical form basis remains unchanged during use. Packaging and low-value consumables constitute turnover materials. Turnover materials refer to materials that can be used by enterprises for many times, do not meet the definition of fixed assets, and their values gradually shift but still maintain their original forms, and are not recognized as fixed assets.

Subject setting: The account "Turnover Materials" 14 1 stipulated in the Accounting Standards for Business Enterprises accounts for the planned or actual cost of turnover materials of enterprises, including packaging materials, low-value consumables, and steel templates, wooden templates and scaffolding of enterprises (CCB contractors). The packaging and low-value consumables of an enterprise can also be set as "including materials" and "low-value consumables" respectively.

This course belongs to the asset category. Low-value consumables purchased, self-made and commissioned by enterprises shall be debited when they are put into storage, and credited when they are collected and issued. The debit balance at the end of the period represents the cost of low-value consumables in stock.

Low-value consumables can generally be divided into:

General tools: various tools directly used in the production process. Such as tools, fixtures, molds and other auxiliary tools.

Special tools: refers to all kinds of tools specially used to produce various products or only used in a certain process. Such as special molds and special fixtures.

Replacement device: refers to various devices that are easily worn, frequently replaced or need to be replaced for the production of different products. Such as roll for steel rolling, ingot mould, etc.

Packaging container: refers to all kinds of packaging items used for internal turnover of enterprises, which are neither rented nor lent. Such as containers, storage barrels, porcelain pots, etc.

Labor protection articles: refers to helmets, work clothes and various protective articles issued to workers for labor protection.

Management equipment: refers to all kinds of furniture and office supplies used by management departments and managers. Such as filing cabinets and typewriters.

Do low-value consumables belong to inventory? 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.

Inventory refers to finished products or commodities, in-process products, materials consumed in the production process and services provided by enterprises for sales in their daily activities. There is a certain relationship between them, so low-value consumables belong to the category of inventory.

Low-value consumables belong to the inventory range.

The confirmation of inventory scope should be based on whether the enterprise has legal ownership of inventory. All articles belonging to the enterprise that have legal ownership on the inventory date, no matter where they are stored or in what state, should be regarded as the inventory of the enterprise. On the contrary, items whose legal ownership does not belong to the enterprise should not be included in the inventory of the enterprise, even if they are not far from the enterprise.

According to International Accounting Standard No.2, inventory has different physical forms in different production processes and stages of enterprises. Namely: inventory, including the following tangible assets: (1) reserved for sale in the normal course of business; (2) being produced and sold; (3) Consumed in the process of producing and selling goods or services.

The inventory for sale in the normal operation process refers to various assets for sale in the normal production and operation process of an enterprise, such as finished goods in inventory, inventory, etc. However, special reserves and assets specially reserved according to national instructions do not belong to the scope of inventory. Inventory in the production process for sale refers to assets in the production and processing process, such as products and semi-finished products. Inventories consumed in the process of producing, supplying and selling goods or services refer to assets such as raw materials, auxiliary materials, other materials serving the production of products, and low-value consumables stored for the production and consumption of products. It is worth noting that all kinds of materials reserved for the construction of fixed assets and other projects, although they have some characteristics of inventory, are not at different stages of enterprise production and operation, do not belong to assets reserved for the production of products, and are not included in inventory.

Regarding the scope of inventory, the following points need to be explained to attract attention: 1. About the ownership of consignment goods. Consigned goods (also known as consignment goods) means that one party entrusts another party to sell goods on its behalf. From the perspective of commodity ownership transfer, before the consignment goods are sold, the ownership belongs to the entrusting party, and the entrusted party only sells the goods on its behalf. Therefore, the consigned goods should be treated as the consignor's inventory. However, in order to make the trustee strengthen the accounting and management of the consignment goods, the Accounting System for Enterprises also requires the trustee to reflect the consignment goods in the inventory of the balance sheet, and at the same time reflect the consignment goods corresponding to the consignment goods as liabilities.

Second, about the handling of goods in transit. Goods that have been confirmed for sale by the seller according to the sales contract and agreement (if payment is received) but have not been delivered to the buyer shall be regarded as the buyer's inventory rather than the seller's inventory; For the goods that the buyer has received but not the seller's settlement invoice, the buyer shall regard them as its inventory; Goods in transit that have been purchased (if paid) by the buyer but have not yet arrived at the warehouse shall be treated by the buyer as inventory.

Third, about the purchase agreement. For the goods purchased after the agreement, because the enterprise has not actually purchased the goods, it will not be regarded as the inventory of the enterprise, and the related liabilities and expenses will not be recognized.

Which chopsticks belong to low-value consumable food and drink?

Are plugs and sockets low-value consumables? No, but it depends on the grade you choose. The general plug-in can be used for about two to five years, which is quite durable compared with other products.