Financial Accounting: Creditors, Debtors, and Commercial Operations

Posted on Aug 1, 2024 in Economy

Creditors and Debtors for Trade Operations

I. OUTSOURCING

The process by which a particular company delegates the management or implementation of a business function to an external service provider. Invoices received by it will go to the (607). If parties are not yet billed, the (4009), and if they remain unpaid as at a (400).

II. FRAS. PTES. RECEIVING OR EXECUTE

The purchase and sale of stock to be registered at the time it shipped or received under the order, without waiting facruta wing.

(4009) Fras. Pend. Bill, Providers, (4309) FPFClientes, (4109) FPFAcreedores; (4409) FPFDeudores.

Bill and Waybill are different documents with different purposes. The commercial invoice is the document that officially represents that the operation was carried out. The delivery note is only an unjustificante that the content matches the orders, excluding VAT, discounts, and more. It is considered that only those rights and obligations arising from the transaction are exchanged from the moment it is received / delivered the delivery note prior to the fra.

III. CONTAINERS AND PACKAGING FOR RETURN TO SCHOOL

(406) Y (437)

IV. OPERACONES WITH COMMERCIAL PURPOSES

A) TERMS OF TRADE EFFECTS

a) Bill of Exchange: Title by which a person instructs another to pay a certain amount of money order from the other wing in place and date.

b) Note: doc. whereby a person (drawer) agrees to pay another (Policyholder) a sum of money. Is inverse to the lyrics.

c) Check: Order written by the account holder (drawer) to a bank (drawee) to pay money for their benefit or the benefit of a calf (Beneridiario). It is always a means of payment.

V. CDC DETERIODO VALUE AND COMMERCIAL CREDIT

2 types: a) possible insolvency: they are reversible and must be endowed SUPPLIES b) Insovelcias firm: they are irreversible and are treated as final pérda (650).

Methods applicable for determ. the insolvency RISG:

a) E^as Great: If you have many customers, make statistical calculations for determining the risk of insolvency.

b) E^as Medium: q is to know what similar companies do, or be set q has happened in other years.

c) E^as small: if you have few customers can be done individually.

VI. INTEREST CALL FOR POSTPONEMENT BILL ENROLLED IN THE COMMERCIAL OPERATIONS

VI.1 CREDITS FOR COMMERCIAL OPERATIONS

INITIAL VALUE: Under NRV9, “loans and receivables are initially measured at fair value, unless contrary evidence is the transaction price, plus attributable transaction costs, except trade credits to reverse. ingerior to 1 year without contractually fixed interest may be assessed at face value.

VALUE AFTER: Loans and receivables are valued at amortized cost. The interest is in contabilizarñan tsp. P & L using the effective interest rate (although we use linear method)

VI.2 DEBTS FOR COMMERCIAL OPERATIONS

INITIAL VALUE: Loans and payables are initially measured at fair value, ie the price ‘+ transaction costs.

VALUE AFTER: Debits and payables are valued at amortized cost. Interest income is recorded on the expense account.

SUB-47: GOVERNMENT. (Problematic accounting payroll)

Salary is considered all the economic benefits of trabajadore, in cash or in kind, by the professional interpretation services for third parties.

– The period: it can not exceed one month

– Q be the minimum wage supplements Information Institute established in the agreements, such as bonuses and the like.

– The worker is entitled to 2 extra payments.

– The list distinguishes between two types of perceptions:

1) Salary: Salarion + ons

2) does not pay:

a) Compensation or supplemented

b) Benefits of the SS: TA and EP, disability, maternity ….

Acualmente benefits which the company is inermidiario acture as incapacity benefit and partial unemployment. Employers are required to make personal income tax withholding payments in cash for all q credited.

THE SYSTEM OF THE SS

It aims at ensuring taxpayers and their families, adequate protection in contingencies and situations defined by the law.

The protective action of the SS ptrestaciones covers and a set of measures relating to health, age (retirement) and labor situaceión.

To perform all these services get funding po SS 2 ways: a) Budget (imp) b) Summary (q estñan forced the workers (labor share) and employers (employer’s contribution).

The deadline for submitting the contribution shall be within the month following accrual, past due and by monthly or single act.

Relaccionados ACCOUNTS THAT THE COMPANY TO PUBLIC FINANCE TAX (VAT and IS)

Divided into three:

1) Problem VAT accounting: (472) Tax Sop, (477) Tax Rep, (4750) HP Acree, (4700) HP Borrower.

2) Accounting Issue on the Imp on B o or IS: