How to arrange revaluation of goods in retail trade (discounts)?

The act of revaluation of goods is drawn up according to the sample, if it is necessary to revaluate or discount certain commodity items. The reasons may be different - the expiration date has changed or the expiration date is ending, or the product may be obsolete. The price at which products are sold should change. Every entrepreneur faces this; usually such operations are carried out every day. They help you avoid operating at a loss and respond in a timely manner to changes in the market situation. Let's understand what this process is, how it is performed and when it is appropriate.

Revaluation of goods: what is it in the store

This is an event of stable recalculation of the cost of individual items or groups of product items in order to improve their demand in the market. The score may change up or down for various reasons. Due to circumstances, the price tag may be lower than the purchase price. This usually applies to SOEs, but less often to fixed assets, work in progress and the cadastral price of land.

This is done to bring the actual value to the real market indicator. Performed in a changing environment, changes in tangible and intangible assets under the influence of competition and other temporary factors. This is necessary to get rid of old stocks of product groups, optimize taxation and take into account depreciation.

The basis for such action is the order of the manager. At their own request, employees should not carry out markdowns or revaluations.

If goods are accounted for at sales prices

In this case, each fact of revaluation of goods is documented in the appropriate document. In the album of new unified forms of primary accounting documentation for recording trade operations, approved by Resolution of the State Statistics Committee of Russia dated December 25, 1998 No. 132, there is no form of this document. Therefore, trade organizations have the right to independently develop the form of such a document, in which, in addition to the mandatory details provided for in paragraph 2 of Article 9 of the Law of November 21, 1996 No. 129-FZ “On Accounting” (hereinafter referred to as the Accounting Law), in our opinion, should the name of the revalued goods, their distinctive features, the quantity of goods, old and new prices, the cost of goods in old and new prices, the amount of markdown or revaluation should be indicated.

The amount of overvalued goods is determined differently depending on the accounting scheme used:

a) in case of a natural value scheme - according to the analytical accounting data of account 41;

b) with a cost accounting scheme - according to inventory data.

In the first option (the new price is greater than or equal to the purchase price), the amount of markdown of goods (U) is calculated using the formula: The procedure for recording markdowns of goods also depends on the magnitude of the reduction in prices for goods. In this case, the two above options are also possible - when the new price is greater than or equal to the cost of purchasing the goods and when it is less.

U = SC - NC

The following entry is made for the amount of goods discounted:

Debit 42 Credit 41

In the case where the new price is less than the acquisition cost, two entries are made:

Debit 42 Credit 41 - for the amount of the trade margin for this product.

In this case, the amount of the trade margin (TM) is calculated using the formula:

Reasons for revaluation of goods in warehouse

They can be very different, but they are necessarily described in the documents. Among the main motives officially enshrined are:

• the supplier brought a batch whose quality was worse than expected;
• The expiration or storage period is ending, you need to sell off the leftovers;
• demand or supply has changed, it’s time to adapt to changes, especially in the seasonal area;
• the VAT rate has increased or decreased or other parameters have been adjusted;
• the product has lost some of its original consumer properties;
• overcrowded warehouses, space needs to be freed up;
• everything that is stored is obsolete and no longer interesting to buyers;
• increased inflation - it is necessary to cover the emerging costs;
• sale of units that are presented as samples on the sales floor.

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When is a product marked down?

You cannot simply reduce the price of a product, since there are a number of reasons for this.

Let's note the most common ones:

• When demand decreases;
• Obsolescence of commercial products;
• When market value decreases;
• Partial loss of presentation;
• Expiration date.

In practice, the store reduces the price of the product only if the expiration date expires. To attract the buyer, he places the product in the center of the hall on a special counter. At the same time, a special bright price tag is made, which is sure to attract the buyer’s attention and he will pay attention to the discounted product.

Well, don’t forget about well-known promotions, when in the center of the trading floor a representative of a store or shopping center offers to purchase one product and get a second one at a reduced cost.

Few people think that a product at a reduced cost is a discounted product that sells beautifully. Buyers can, even without paying attention to expiration dates and appearance, “sweep” products off the shelf.

As for the partial loss of presentation, in most cases this is torn packaging. This often happens when loading and unloading goods.

It should be taken into account that both sales representatives and non-trade organizations can carry out markdowns. The main mission of cost reduction is to sell goods at a reduced price in order to make a profit and reduce costs.

As a result of this procedure, goods are sometimes sold at a price lower than the purchase price.

How to quickly re-price goods

It is very important not only to recalculate the cost in a timely manner, but also to keep records of the results. Later, with the help of these accounting papers, it will be possible to track how the price changed, whether an increase or decrease was used, and for what reasons this was done.

Before you start changing price tags, you need to compare its level in the company and in the market as a whole. This will help you avoid regular financial discrepancies and take into account all the possible subtleties of pricing.

Without analyzing competitors and the current situation, revaluing products is a risky process. This can cause a drop in revenue, especially when selling below market value.

It is also worth considering how exactly the records are kept. If the organization adheres to the cost method, then it will be necessary to conduct an inventory of those groups that will be revalued.

If this is a quantitative-cumulative option, then the assessment is performed based on accounting data.

How does revaluation of goods occur in retail trade?

Based on the results, a document must be drawn up that confirms the fact of a price change: an inventory-act, it reflects the changes taking place.

But it is worth noting that if accounting is kept at purchase prices, then the revaluation is usually not reflected in the accounting department using a leash.

When calculating the sales value, it is necessary to draw up an inventory report, the form of which can be found below, and make an entry that will reflect trade markups on goods.

Dt 41.2, Kt 42. And the amount after the price change is included - 67,900 rubles.

Revaluation of goods in 1C 8.3

Revaluation of goods is the determination of the difference between the cost of goods at previous retail prices and the newly introduced price for the goods. When the new price is lower than the previous one, the product is marked down; if it is higher, then it is revalued.

Revaluation of goods during markdown can be associated both with low consumer demand for the goods being sold, and with ongoing promotions, or, for example, due to a decrease in the quality of the goods, due to obsolescence, when the functional properties of the goods do not keep up with progress, and many other reasons. Revaluation may occur, for example, for reasons of purchasing similar goods at higher prices.

Commodity revaluation is drawn up in a document in which you need to indicate the name of the product, its quantity, storage unit, previous and new price. All changes in prices, according to the law, must be carried out only on the basis of an order from the head of the company. The amount of data that has to be manipulated during such procedures can be significant. The functionality of the 1C:Accounting software product helps the accountant to re-evaluate or mark down goods in the warehouse in the shortest possible time and without headaches.

In “1C: Accounting”, revaluation is done using the document “Revaluation of Goods”, from which you can print a form containing information about the revalued product indicating the new price entered.

Commodity revaluation is carried out only in companies that have organized accounting of goods at sales prices on account 41.11 “Goods in retail trade” (in the “Automated point of sale at sales price”). Such goods are taken into account in a warehouse with the “Retail store” type.

Fig. 1 Warehouse with the “Retail store” type

The goods can be delivered either directly to the retail warehouse or to the wholesale warehouse.

In the first case, it is necessary to immediately set retail prices for incoming goods using the document “Setting item prices”. When it is carried out, a markup will immediately be allocated for the goods sold at retail.

For example, a retail warehouse received 200 pieces of goods. at the admission price of 170 rubles. We set the retail price at 250 rubles. When conducting a receipt, the program capitalizes on November 41 the goods at the purchase price in the amount of 34,000 rubles, and the difference between the purchase and sale prices in the amount of 16,000 rubles. will be reflected in account 42.01 “Trade margin in automated retail outlets.” As a result, the goods will be listed on account 41.11 at the retail price, and the markup will be on account 42.01.

Fig. 2 As a result, the goods will be listed on account 41.11 at the retail price, and the markup will be on account 42.01

When goods are first received at a wholesale warehouse and then transferred to a retail store, the additional valuation to the retail price is carried out not by the receipt document, but through the “Transfer of Goods”. And in this case, it is also necessary to pre-set retail prices, since these are the prices at which the goods are sold in the store.

When there is a need to re-evaluate a product, for example, the retail price of our product has increased, this is reflected in the document “Setting item prices”.

Fig.3 Setting item prices

It is necessary to create a document “Revaluation of goods”. To do this, go to the revaluation document and click “Fill in at changed prices.” The program sees that the retail price of our product has changed and adds it to the tabular section, and immediately enters the old and new prices. All that remains is to carry out the document.

Fig.4 Posting a document

Account 42.01 will reflect the change in the markup on our goods, and account 41.11 will reflect the revaluation of the goods to the new retail price.

Fig.5 Account 42.01 will reflect the change in the markup on our goods, and account 41.11 will reflect the revaluation of the goods to the new retail price

If the new price is reduced relative to the old one, the revaluation will occur in red.

Fig.6 Revaluation of red reversal

You can fill out the revaluation document with a list of goods using the “Add” buttons, but in this case you will have to manually fill in all the fields, and through “Fill” the document will receive data on all balances in the warehouse or only on changed prices, as happened above.

From the document you can print the form “Revaluation of goods in retail” displaying the product, its old and newly set price.

Fig.7 Revaluation of goods in retail

Thus, when the price of a product changes, it is necessary to re-evaluate all goods that are in stock to the new retail price. In the 1C: Accounting program, all processes are quite simple and fairly automated; it will not be difficult for a company accountant to quickly and fully revaluate goods in 1C and carry out the necessary revaluation of goods in the warehouse.

How to Document Changes in Wholesale Trade

The main reasons for such replacements are fluctuations in demand, including seasonal demand, expiration of the sales period and increased inflation. Each seller strives to reduce costs and earn the maximum on the sale of a batch. Therefore, revaluation is often used as a means of compensating for storage and sales costs.

Types of possible revaluation:

• change to the value of the last purchase price (if purchased at free prices);
• reduction/increase to the level of the commodity producer at the time of sale (according to fixed indicators);
• adjustment in conditions of limited demand - when the expiration date expires;
• markdown of products that have lost some of their attractiveness to buyers.

It depends on the type where the proceeds from the revaluation will go. It may be used to replenish working capital or other purposes.

The shortfall is covered by the perpetrators, taken from distribution costs or from the organization’s own finances.

The implementation is formalized by an order from the head or an order received from government bodies.

The event is carried out by a specially created commission immediately after the end of the working day before the day the new prices are introduced. Often this process is accompanied by an inventory.

During the revaluation, employees remove the old and put on new price tags, and also draw up a statement of material assets. It is necessary to create it in two copies at once, since one will go to the accounting department.

The procedure for drawing up a markdown act on goods

The markdown act is the main document that must be drawn up correctly. Let's consider what needs to be taken into account when drawing up the document.

It is worth taking into account that the document is drawn up in two copies.

You will need to attach an inventory document to the first act and submit it to the accounting department.

The second copy of the document remains in the hands of the financially responsible person who is entrusted with the responsibility for carrying out this procedure.

Particular attention should be paid to filling out sections of the act.

In addition to the product data, you will need to indicate:

• Full name of the organization;
• Legal and actual address;
• Full details.

Only after all the documentation will be compiled and marked down.

Employees of the sales floor can change the price tags for discounted goods and offer customers to purchase them at a reduced cost. On the contrary, it is absolutely forbidden to do so!

What to do before drawing up the act

In order for the paper to have legal force, a commission must first be created. She will deal with price changes. To establish it, you will need a special order from the head of the organization, which can be in free form. A chairman is also elected there; he will supervise the event and sign the documentation at the end.

It will also require a reason or reference - the reason why it all begins. We discussed the reasons for reducing or increasing the cost above; any chosen one must correspond to reality and not contradict the legislation of the Russian Federation.

Components of a document

The act is drawn up if there are few positions. One page is enough here. If large-scale work with a large number of products is planned, then a full inventory is formed. You can call it that - an inventory-act. In addition, an order is being prepared, without which work should not begin or any changes in price tags. Examples of standard documents are below.

It starts with a management visa; without it, the paper has no legal force. The affixed signature certifies the list for transformation and approves it. Therefore, at the top of the paper the position and full name of the head of the organization are indicated.

It is also advisable to affix a live stamp, but since 2014 this is no longer necessary. After that, their use began to be easier to approach.

At the top of the act it states:

• Date of preparation;
• Document Number;
• Full name of the chairman, his position, signature, other members of the commission;
• Date and number of the order in accordance with which the changes occur.

In some cases, a new assessment is made on the basis of another document. Then a link to it must be indicated in the body of the file.

Next is a table where a separate row is allocated for each product; it is forbidden to combine several into one. This division greatly simplifies the search.

Filling out the table takes the longest time. The easiest way is to create a file through special programs to save time when filling out. Then be sure to check it and only then certify it and accept it for use.

When everything is completed, at the end fields are filled in for the signatures of the commission members and their chairman. The financially responsible person is also indicated. The manager at the bottom no longer signs, since he has already signed in the header of the page.

Order for revaluation of goods - sample

• The name of the organization is indicated along with the form of ownership (LLC, JSC, Individual Entrepreneur).
• Then enter the city, street and house number.
• Name of the form.
• Document date and number.
• The word "I command".

Next, it is written down from what date and where the changes are installed. If this is a supermarket chain that hosts targeted promotions, then the addresses of everyone where the change will work are required.

You need to write it like this:

1. Install from 05/12/20 in the stores of Tandoor LLC, located at the following addresses: Rostov-on-Don, Voroshilovsky Avenue, 85, Rostov-on-Don, Lenina Street, 17, Rostov-on-Don, Gogolevsky Lane, 41 discount of 10% on product items that are listed in the table below.

1. Re-evaluate and print updated price tags.
2. Control of the results is entrusted to the senior seller and store merchandiser.

Director of the enterprise Ivanov I.V.

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How to fix errors

We figured out how to re-price a product. But what if there was an inaccuracy or some column needs to be corrected?

Usually the process is carried out in the 1C program or similar. There is a form and some fields are filled in automatically. In cases where you have to fill out everything manually, it is important to try not to make mistakes. All empty lines are crossed out using a ruler.

But if you need to correct something, you need to cross out the error, and then write the correct value on the side or top. Then all members of the commission and the head himself sign next to the correction. If the MOL is present when drawing up the act, then he also puts his signature.

Change of price tags

We have figured out how to revaluate goods in a store, now it’s worth understanding how and in what order the tags themselves are changed.

The “priority” principle applies here. First, everything that goes “up” changes, and then those positions that go “down” change. In addition, it is forbidden to simply cross out the old price and write a new one next to it by hand. It is recommended to print up-to-date information each time and change the sign on the rack or any other place where customers find out the information. We have already talked about the form in which price tags should be. Cleverence offers Shop 15 software, which will help carry out revaluation from the software and data collection terminal accurately and quickly.

Markdown of goods - postings

Question

The company provides hotel services. There is a shop at the hotel (selling souvenirs and industrial goods). Due to the lack of demand for goods in the store, it is necessary to mark down goods not lower than the actual cost. What documents need to be prepared for this operation in order to exclude claims from the tax authorities and how to do this in accounting.

Answer

Let us outline two key points that are currently in force in Russian accounting legislation. According to clause 12 of PBU 5/01 “Accounting for inventories,” the actual cost of inventories, in which they are accepted for accounting, is not subject to change, except in cases established by the legislation of the Russian Federation. By virtue of clause 25 of the same Regulations, inventories that are obsolete, have completely or partially lost their original quality or current market value, the sale price of which has decreased, are reflected in the balance sheet at the end of the reporting year minus a reserve for a decrease in the value of material assets.

This leads to one simple conclusion : if, after markdown, the cost of selling the goods still remains higher than the actual cost at which the goods were registered, in a trade organization that records goods at purchase prices, the markdown operation is not reflected in any way on the accounting accounts - the price tag simply changes for goods. If the market value of the discounted goods is lower than the one at which it is recorded in the accounting accounts, then the organization develops its own method for reflecting markdown transactions. Accounting methodologists distinguish three accounting options (first, let's consider cases where the markdown and sale of discounted goods occurred in the same calendar year).

Typically, the markdown of goods is formalized by the following documents: Order for markdown of goods

Act on the depreciation of inventory items. Unified form N MX-15.

The accounting entries are attached.

In tax accounting, markdowns of goods are not provided for, except in the case of using goods as advertising samples ( clause 4 of Article 264 of the Tax Code of the Russian Federation).

Option one - a loss from the sale is identified

The first option is based on a literal reading of clause 12 of PBU 5/01: the actual cost of inventories at which they are accepted for accounting is not subject to change. That is, despite the fact that the organization offers goods for sale at a price lower than the one at which it is recorded on the balance sheet, the accountant does not need to make any additional entries. And on the date of sale, a loss from the sale will be revealed.

Option two - losses and shortages are written off

The indicated method of reflecting the markdown of goods can be used by a trading enterprise only in relation to damaged goods. So, according to paragraphs. “b” clause 29 of the Methodological guidelines for accounting for inventories, the amounts of shortages and damage to inventories are written off from the accounting accounts at their actual cost. In accounting, this operation is reflected in the debit of account 94 “Shortages and losses from damage to valuables” and the credit of account 41. In the event of damage to inventories that can be sold at a discount, the latter are simultaneously accounted for at market prices, taking into account their physical condition, reduced by this amount losses from spoilage (Debit 41 Credit 94). The amount of markdown exceeding the market value of discounted goods is charged to other expenses (to the debit of account 91 “Other income and expenses”, subaccount 91-2 “Other expenses”, to the credit of account 94).

Option three - selling expenses are recognized

This accounting method is typical for IFRS. In particular, according to paragraph 34 of IAS 2 “Inventories”, the amount of any writedown of inventories to net realizable value must be recognized as an expense in the period in which the writedown was made. Similar rules are contained in clause 28 of the draft Russian PBU “Inventory Accounting”: the amount of write-down of inventories to their net realizable value, as well as losses of inventories, are recognized as expenses for ordinary activities in the period when their value decreased or losses occurred (under The net value of inventories is the estimated price at which the inventories can be sold, less the costs necessary to prepare them for sale and to make the sale).

Do Russian organizations have the right to use this accounting method? Theoretically, yes. After all, clause 7 of PBU 1/2008 “Accounting policy of an organization” <3> allows, if specific accounting methods are not prescribed in regulatory legal acts, to develop them independently, including relying on IFRS standards.

Applications

• Article Reducing the cost of inventories_ What to pay attention to_ (B (462 kB)
• Article Item is illiquid_ Markdown required! (create a rez (228 kB)
• Article Discount of goods (Chernov S_A_) (Trade accountant (564 kB)
• Form Act on depreciation of inventory items_ Unifici (44 kB)
• Form Order on markdown of goods in connection with identified cases (31 kB)

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Accounting for revaluation of goods

The right program will help you:

• monitor shelf life;
• work simultaneously with any number of warehouses;
• keep all accounting records - write off, register, accept, carry out inventory and re-evaluate;
• generate and issue related documentation - accompanying papers, invoices, orders;
• create reports and view them from anywhere in the world.

offers installation of the best software for the job. Our employees will help you choose software that optimizes your organization’s business processes. For example, routine warehouse operations can be accelerated through Warehouse 15. This will help to automate all commodity accounting operations.

How to revaluate if accounting is carried out at purchase prices

If the company has chosen this method of accounting for products, then these markdowns will not be recorded in accounting unless it is higher than the amount of the trade margin. This should be stated in the accounting policy.

If you plan to change the price tag by more than a similar markup, then it is necessary to reduce the book value of the products. In this case, the difference between the amount at which goods are discounted and the interest rate must be reflected on the accounts. Additionally, the restored VAT, which previously reduced the debt to the budget, should be recorded.

How will it look like:

The last field must be reflected on the accounts. The following wiring is used for this:

Dt 91 Kt 41.2 200

The amount of restored VAT will be 800 (4000*20%). It is written as follows:

Dt 68 Kt 19 800

After this, the restored VAT must be written off against financial results:

Dt 91 Kt 19.3 800

Then it is sent to the budget as taxes:

Dt 68 Kt 51 800

But this is not the only reason why a product may fall in value. Sometimes the reason is an emergency, fires, loss of consumer properties or inflation.

Revaluation of goods when accounting at purchase prices

When the accounting policy of an organization provides for the use of valuation of goods at purchase prices, these markdowns are not recorded in accounting if it does not exceed the amount of the trade margin.

When goods are marked down at purchase prices by an amount exceeding the trade margin, the accounting value of the goods is reduced. The accounting accounts reflect the difference between the amount of markdown of goods and the size of the trade margin on them. In addition, the amount of restored VAT, which previously reduced the budget debt for it, is fixed.

Example 1 . A trading organization that sells goods at retail and accounts for them at purchase prices has marked down product “A” due to a decrease in demand. The purchase price of the balance of goods “A” was 5,000 rubles. The percentage of trade margin on product “A” is 30%, the amount is 1,500 rubles. (5000 x 30%). According to the order of the manager, the amount of markdown of goods “A” is determined in the amount of 3100 rubles.

The difference between the amounts of markdown of product “A” and the markup will be 1,600 rubles. (3100 - 1500). It will be reflected in the accounting accounts with the following entry:

Dt sch. 91 “Other income and expenses”, subaccount. "Losses on discounted goods"

K-t sch. 41 “Goods”, subaccount. 2 “Products in retail trade”

1600 rub.

The amount of restored VAT is 1000 rubles. (5000 x 20%), having previously reduced the budget debt for this tax, will be recorded as follows:

Dt sch. 68 “Calculations for taxes and fees”, subaccount. "VAT calculations"

K-t sch. 19 “VAT on acquired values”, subaccount. 3 “VAT on purchased inventories”

———-¬ ¦1000 rub.¦ L———-

The restored amount of VAT is written off - 1000 rubles. due to financial results:

Dt sch. 91 “Other income and expenses”, subaccount. "Losses on discounted goods"

K-t sch. 19 “VAT on acquired values”, subaccount. 3 “VAT on purchased inventories”

1000 rub.

VAT in the amount of 1000 rubles. transferred to the budget:

Dt sch. 68 “Calculations for taxes and fees”, subaccount. "VAT calculations"

K-t sch. 51 “Current accounts”

1000 rub.

According to clause 15 of the Regulations on the composition of costs for the production and sale of products (works, services), included in the cost of products (works, services), and on the procedure for the formation of financial results taken into account when taxing profits (Resolution of the Government of the Russian Federation dated 05.08.1992 N 552 , as amended on May 31, 2001) losses from markdowns of goods do not reduce taxable profit. Therefore, when drawing up a Certificate on the procedure for determining the data reflected on page 1 “Calculation (tax return) of tax on actual profit”, in accordance with the Instruction of the Ministry of Taxes of the Russian Federation “On the procedure for calculating and paying to the budget the income tax of enterprises and organizations” dated 15.06. 2000 N 62 (hereinafter referred to as the Certificate), taxable profit increases by the amount of losses from the markdown of goods (page 4.3).

Article 40 of Part One of the Tax Code of the Russian Federation for tax purposes provides for the price of goods specified by the parties to the transaction. Until proven otherwise, this price is assumed to be in line with market prices. Consequently, the taxable profit of the organization increases by the difference between the amounts of markdown of goods and the trade margin (in example 1 it is 1,600 rubles).

The restored amount of VAT written off to financial results (in example 1 - 1000 rubles) increases taxable profit and is shown on page 4.2 of the Certificate.

The use of goods for the design of shop windows, exhibitions, exhibitions - sales, rooms of product samples leads to the loss in whole or in part of their consumer qualities and sale at lower prices. The cost of values ​​that have completely lost their consumer qualities in accordance with clause 2.11 of the Methodological Recommendations for Accounting of Costs Included in Distribution and Production Costs, and Financial Results at Trade and Public Catering Enterprises, approved by the RF Committee on Trade in agreement with the Ministry of Finance of Russia dated April 20, 1995 N 1 -550/32-2, included in advertising costs. When including such expenses included in distribution costs, the following is recorded:

Dt sch. 44 “Sales expenses”, subaccount. "Advertising expenses"

K-t sch. 41 “Goods”, subaccount. 2 “Goods in retail trade.”

If the consumer qualities of the product are partially lost, then the accounting accounts will reflect only the difference between the amounts of the product markdown and the trade margin, which increases advertising costs.

If the value of the markdown of goods does not exceed the trade margin in accounting for goods at purchase prices, no entries are made in the accounting accounts.

One of the reasons leading to the discounting of goods is the loss of their consumer properties as a result of an emergency (natural disaster, fire, accident, etc.) caused by extreme conditions. The fact of the occurrence of such a situation must be documented by a written conclusion of the services involved in its elimination: the Ministry of Emergency Situations of the Russian Federation, the State Fire Service, the Ministry of Internal Affairs of the Russian Federation, etc.

The loss of consumer properties of goods recorded at purchase prices is reflected in accounts when they are marked down by an amount greater than the markup, i.e. when the book value of goods decreases.

Example 2 . Product “B”, recorded at purchase prices, partially lost its consumer qualities due to the flood. The amount of reduction in the book value of goods “B” amounted to 4,000 rubles. Let's write down this amount:

Dt sch. 99 “Profits and losses”, subaccount. "Extraordinary Expenses"

K-t sch. 41 “Goods”, subaccount. 2 “Products in retail trade”

4000 rub.

Example 3 . Product “B” completely lost its consumer qualities due to the fire. The purchase price of product “B” is 15,000 rubles. The goods will be written off on the following accounts:

Dt sch. 99 “Profits and losses”, subaccount. "Extraordinary Expenses"

K-t sch. 41 “Goods”, subaccount. 2 “Products in retail trade”

15,000 rub.

In accordance with clause 15 of the Regulation on the composition of costs, non-operating expenses that reduce taxable profit include uncompensated losses from natural disasters, including damage and destruction of inventories. When drawing up the Certificate, profit for tax purposes according to accounting data should be calculated minus extraordinary expenses, including the amount of VAT reimbursed from the budget. To do this, VAT on destroyed values ​​is restored using a reversal entry:

Dt sch. 68 “Calculations for taxes and fees”, subaccount. "VAT calculations"

K-t sch. 19 “VAT on acquired assets.”

This amount is then included in financial results:

Dt sch. 99 “Profits and losses”, subaccount. "Extraordinary Expenses"

K-t sch. 19 “VAT on acquired assets.”

When revaluing goods accounted for at purchase prices, the organization, based on the order of the manager, draws up new price lists and issues new price tags. In the accounting of goods at purchase prices, revaluation is not reflected, since the price at which goods are listed in current accounting does not change.