bóng đá hôm nay trực tiếpVietnam: How many types of accounting accounts are there according to Circular 200/2014?
Vietnam: How many types of accounting accounts are there according to Circular 200/2014?
bóng đá hôm nay trực tiếp current Vietnamese enterprise accounting account system is issued together withCircular 200/2014/TT-BTC.
bóng đá hôm nay trực tiếp accounting account system table under Circular 200 is provided in Appendix 1 issued together withCircular 200/2014/TT-BTC, which currently includes 76 level-1 accounts and no off-balance-sheet accounts.
View bóng đá hôm nay trực tiếp Accounting Account System according to Circular 200:here
Vietnam: How many types of accounting accounts are there according to Circular 200/2014? (Image from bóng đá hôm nay trực tiếp Internet)
How are level-1 accounting accounts designated?
Based on bóng đá hôm nay trực tiếp accounting account system table under Circular 200, provided in Appendix 1 issued together withCircular 200/2014/TT-BTC.
Level-1 accounts are aggregate accounts reflecting subjects in a generalized form.
Level-1 accounts are designated by 3-digit codes, as follows:
Example: Account 111 - Cash; Account 131 - Receivables from Customers
What are regulations on selection of monetary unit in accounting in Vietnam?
According to Article 4 ofCircular 200/2014/TT-BTC, bóng đá hôm nay trực tiếp selection of monetary units in accounting is clarified as follows:
- bóng đá hôm nay trực tiếp enterprise primarily conducting transactions in foreign currency, based on bóng đá hôm nay trực tiếp provisions of bóng đá hôm nay trực tiếp Law on Accounting, considers and decides on bóng đá hôm nay trực tiếp selection of monetary units in accounting and is responsible for that decision before bóng đá hôm nay trực tiếp law. Upon selecting monetary units in accounting, bóng đá hôm nay trực tiếp enterprise must notify bóng đá hôm nay trực tiếp directly managing tax authority.
- bóng đá hôm nay trực tiếp monetary unit in accounting is bóng đá hôm nay trực tiếp monetary unit:
+ Mainly used in bóng đá hôm nay trực tiếp sales transactions and service provision of bóng đá hôm nay trực tiếp unit, significantly affecting bóng đá hôm nay trực tiếp goods sale price and service provision and often is bóng đá hôm nay trực tiếp monetary unit used for listing sale prices and payment; and
+ Mainly used in purchasing goods and services, significantly affecting labor costs, raw materials, and other production and business expenses, and is commonly bóng đá hôm nay trực tiếp monetary unit used to pay for those costs.
- bóng đá hôm nay trực tiếp following factors are also considered and provide evidence for bóng đá hôm nay trực tiếp monetary unit in bóng đá hôm nay trực tiếp unit's accounting:
+ bóng đá hôm nay trực tiếp monetary unit used to mobilize financial resources (such as issuing shares, bonds);
+ bóng đá hôm nay trực tiếp monetary unit regularly earned from business activities and is accumulated.
- bóng đá hôm nay trực tiếp monetary unit in accounting reflects transactions, events, and conditions related to bóng đá hôm nay trực tiếp unit's activities. Once bóng đá hôm nay trực tiếp monetary unit in accounting is determined, bóng đá hôm nay trực tiếp unit must not change it unless there is a significant change in those transactions, events, and conditions.
What are bóng đá hôm nay trực tiếp principles for cash accounting in Vietnam?
According to Article 11 ofCircular 200/2014/TT-BTC, bóng đá hôm nay trực tiếp principles for cash accounting are outlined as follows:
Principles for Cash Accounting
1. Accounting must open a ledger to record daily and continuously in order of occurrence bóng đá hôm nay trực tiếp receipts, expenditures, inflows, outflows of cash, and foreign currency, and calculate bóng đá hôm nay trực tiếp remaining balance in bóng đá hôm nay trực tiếp fund and each bank account at all times to facilitate checking and reconciliation.
2. Money deposited by other enterprises and individuals as deposits or pledges at bóng đá hôm nay trực tiếp enterprise is managed and accounted for as bóng đá hôm nay trực tiếp enterprise's money.
3. Receipts and expenditures must have receipts and payment vouchers and have sufficient signatures as stipulated by accounting document policies.
4. Accounting must keep detailed follow-up of cash in bóng đá hôm nay trực tiếp original currency. When transactions occur in foreign currency, accounting must convert foreign currency into Vietnamese Dong based on bóng đá hôm nay trực tiếp principle:
- Debit side of cash accounts applies bóng đá hôm nay trực tiếp actual transaction exchange rate;
- Credit side of cash accounts applies bóng đá hôm nay trực tiếp weighted average book rate.
5. At bóng đá hôm nay trực tiếp time of preparing financial statements as per legal regulations, bóng đá hôm nay trực tiếp enterprise must reevaluate bóng đá hôm nay trực tiếp balance of foreign currency and monetary gold based on bóng đá hôm nay trực tiếp actual transaction exchange rate.
Accountants must ensure bóng đá hôm nay trực tiếp implementation of bóng đá hôm nay trực tiếp following principles:
- Accounting must open a ledger to record daily and continuously in order of occurrence bóng đá hôm nay trực tiếp receipts, expenditures, inflows, outflows of cash, and foreign currency, and calculate bóng đá hôm nay trực tiếp remaining balance in bóng đá hôm nay trực tiếp fund and each bank account at all times to facilitate checking and reconciliation.
- Money deposited by other enterprises and individuals as deposits or pledges at bóng đá hôm nay trực tiếp enterprise is managed and accounted for as bóng đá hôm nay trực tiếp enterprise's money.
- Receipts and expenditures must have receipts and payment vouchers and have sufficient signatures as stipulated by accounting document policies.
- Accounting must keep detailed follow-up of cash in bóng đá hôm nay trực tiếp original currency. When transactions occur in foreign currency, accounting must convert foreign currency into Vietnamese Dong based on bóng đá hôm nay trực tiếp principles:
+ Debit side of cash accounts applies bóng đá hôm nay trực tiếp actual transaction exchange rate;
+ Credit side of cash accounts applies bóng đá hôm nay trực tiếp weighted average book rate.
- At bóng đá hôm nay trực tiếp time of preparing financial statements as per legal regulations, bóng đá hôm nay trực tiếp enterprise must reevaluate bóng đá hôm nay trực tiếp balance of foreign currency and monetary gold based on bóng đá hôm nay trực tiếp actual transaction exchange rate.
