vtv5 trực tiếp bóng đá hôm nayWhat are regulations on structure and content of Account 111 - Cash according to Circular 200 of Vietnam?

What are regulations onstructure and content of Account 111 - Cash according toCircular 200 of Vietnam?

According to vtv5 trực tiếp bóng đá hôm nay provisions in Clause 2, Article 12 ofCircular 200/2014/TT-BTC, vtv5 trực tiếp bóng đá hôm nay structure and content of Account 111 - Cash is clearly defined as follows:

Debit Side:

- Cash, foreign currencies, monetary gold entered into vtv5 trực tiếp bóng đá hôm nay treasury;

- Excess cash, foreign currencies, monetary gold discovered in vtv5 trực tiếp bóng đá hôm nay treasury upon inspection;

- Exchange rate differences due to revaluation of foreign currency balances at vtv5 trực tiếp bóng đá hôm nay reporting date (in case of an increase in vtv5 trực tiếp bóng đá hôm nay foreign currency rate compared to vtv5 trực tiếp bóng đá hôm nay Vietnamese Dong);

- Revaluation differences of increased monetary gold at vtv5 trực tiếp bóng đá hôm nay reporting date.

Credit Side:

- Cash, foreign currencies, monetary gold withdrawn from vtv5 trực tiếp bóng đá hôm nay treasury;

- Deficient cash, foreign currencies, monetary gold discovered in vtv5 trực tiếp bóng đá hôm nay treasury upon inspection;

- Exchange rate differences due to revaluation of reported foreign currency balances (in case of a decrease in vtv5 trực tiếp bóng đá hôm nay foreign currency rate compared to vtv5 trực tiếp bóng đá hôm nay Vietnamese Dong);

- Revaluation differences of decreased monetary gold at vtv5 trực tiếp bóng đá hôm nay reporting date.

Debit Balance:

Cash, foreign currencies, monetary gold remaining in vtv5 trực tiếp bóng đá hôm nay treasury at vtv5 trực tiếp bóng đá hôm nay reporting date.

vtv5 trực tiếp bóng đá hôm nay Account 111 - Cash consists of 3 sub-accounts:

- Account 1111 - Vietnamese Dong: Reflects vtv5 trực tiếp bóng đá hôm nay inflow, outflow, and remaining cash in Vietnamese Dong in vtv5 trực tiếp bóng đá hôm nay cash fund.

- Account 1112 - Foreign Currency: Reflects vtv5 trực tiếp bóng đá hôm nay inflow, outflow, exchange rate differences, and foreign currency balances in vtv5 trực tiếp bóng đá hôm nay cash fund converted into Vietnamese Dong.

- Account 1113 - Monetary Gold: Reflects vtv5 trực tiếp bóng đá hôm nay changes and value of monetary gold in vtv5 trực tiếp bóng đá hôm nay enterprise's fund.

What are regulations on structure and content of Account 111 - Cash according to Circular 200 of Vietnam?(Image from vtv5 trực tiếp bóng đá hôm nay Internet)

Vietnam: When purchasing raw materials paying with cash and immediately using them for production, if input VAT is deductible, which accounts should be recorded?

Based on Clause 3, Article 12 ofCircular 200/2014/TT-BTC, when purchasing raw materials paying with cash and immediately using them for production and business, if input VAT is deductible, record:

Debit Accounts 621, 623, 627, 641, 642,...

Debit Account 133 - Deductible VAT (1331)

Credit Account 111 - Cash.

If input VAT is not deductible, vtv5 trực tiếp bóng đá hôm nay accountant reflects vtv5 trực tiếp bóng đá hôm nay cost including VAT.

What are vtv5 trực tiếp bóng đá hôm nay accounting principles for Account 111 - Cash in Vietnam?

According to vtv5 trực tiếp bóng đá hôm nay provisions in Clause 1, Article 12 ofCircular 200/2014/TT-BTC, amended by Clause 4, Article 1 ofCircular 53/2016/TT-BTCas follows:

- This account is used to reflect vtv5 trực tiếp bóng đá hôm nay inflow, outflow, and remaining cash in vtv5 trực tiếp bóng đá hôm nay enterprise’s treasury, including Vietnamese Dong, foreign currencies, and monetary gold. Only actual cash, foreign currency, and monetary gold transactions are recorded in Account 111 "Cash." For cash received and immediately deposited into vtv5 trực tiếp bóng đá hôm nay bank (without passing through vtv5 trực tiếp bóng đá hôm nay enterprise's cash fund), it is not recorded on vtv5 trực tiếp bóng đá hôm nay Debit side of Account 111 "Cash" but on vtv5 trực tiếp bóng đá hôm nay Debit side of Account 113 "Cash in Transit."

- Cash deposits from other enterprises and individuals placed as collateral or deposits at vtv5 trực tiếp bóng đá hôm nay enterprise are managed and recorded as vtv5 trực tiếp bóng đá hôm nay enterprise's monetary assets.

- When receiving or withdrawing from vtv5 trực tiếp bóng đá hôm nay cash treasury, a receipt or payment voucher must be issued with signatures from vtv5 trực tiếp bóng đá hôm nay recipient, payer, and authorized person according to accounting document regulations. Some special cases may require an attached order for cash receipt or withdrawal.

- vtv5 trực tiếp bóng đá hôm nay cash fund accountant is responsible for opening a cash ledger, recording transactions daily in chronological order, and calculating vtv5 trực tiếp bóng đá hôm nay cash balance at all times.

- vtv5 trực tiếp bóng đá hôm nay treasurer is responsible for managing and supervising vtv5 trực tiếp bóng đá hôm nay cash fund. Daily, vtv5 trực tiếp bóng đá hôm nay treasurer must inventory vtv5 trực tiếp bóng đá hôm nay actual cash balance and reconcile it with vtv5 trực tiếp bóng đá hôm nay cash ledger and accounting records. Any discrepancies must be verified by vtv5 trực tiếp bóng đá hôm nay accountant and vtv5 trực tiếp bóng đá hôm nay treasurer to determine vtv5 trực tiếp bóng đá hôm nay causes and propose measures for resolution.

- For foreign currency transactions, accounting must convert foreign currency into Vietnamese Dong based on vtv5 trực tiếp bóng đá hôm nay principle:

+ Debit side of Account 1112 applies vtv5 trực tiếp bóng đá hôm nay actual transaction exchange rate. For withdrawals of foreign currency from banks to vtv5 trực tiếp bóng đá hôm nay cash fund, vtv5 trực tiếp bóng đá hôm nay accounting book exchange rate of Account 1122 is applied;

+ Credit side of Account 1112 applies vtv5 trực tiếp bóng đá hôm nay average moving weighted exchange rate or actual transaction exchange rate.

vtv5 trực tiếp bóng đá hôm nay determination of vtv5 trực tiếp bóng đá hôm nay actual transaction exchange rate is implemented according to vtv5 trực tiếp bóng đá hôm nay guidance on Account 413 - Exchange Rate Differences and related accounts.

- Monetary gold reflected in this account is gold used for value storage purposes, excluding gold classified as inventory used as raw materials for production or goods for sale. vtv5 trực tiếp bóng đá hôm nay management and use of monetary gold must comply with current legal regulations.

- At all times of preparing financial statements as prescribed by law, enterprises must revaluate foreign currency balances and monetary gold according to vtv5 trực tiếp bóng đá hôm nay principle:

+ vtv5 trực tiếp bóng đá hôm nay actual transaction exchange rate applied when revaluating foreign currency cash balances is vtv5 trực tiếp bóng đá hôm nay buying exchange rate from vtv5 trực tiếp bóng đá hôm nay commercial bank where vtv5 trực tiếp bóng đá hôm nay enterprise frequently transacts (chosen by vtv5 trực tiếp bóng đá hôm nay enterprise) at vtv5 trực tiếp bóng đá hôm nay time of financial statement preparation.

+ Monetary gold is revaluated based on domestic market purchase prices at vtv5 trực tiếp bóng đá hôm nay time of financial statement preparation. vtv5 trực tiếp bóng đá hôm nay domestic market purchase price is vtv5 trực tiếp bóng đá hôm nay price published by vtv5 trực tiếp bóng đá hôm nay State Bank of Vietnam. If vtv5 trực tiếp bóng đá hôm nay State Bank does not publish vtv5 trực tiếp bóng đá hôm nay gold purchase price, it is calculated based on vtv5 trực tiếp bóng đá hôm nay price published by units authorized to trade gold under vtv5 trực tiếp bóng đá hôm nay law.