Instructions for applying the chart of accounts

The chart of accounts and the instruction for its application includes correspondence for the main operations of economic purposes. In other words, not all operations are covered.

In the first part of the chart of accounts and instructions for its use contains information on long-term assets. The first section deals with intangible assets, fixed assets and other long-term funds.

The instruction on the use of the chart of accounts indicates that in this section the data on availability, movement, and expenditure are summarized:

1. The main resources that belong to the company in accordance with the ownership right and received in accordance with the contract on financial leasing.
2. The intangible assets that an enterprise has on the basis of ownership.
3. Investments of a long-term nature in dependent and subsidiary economic companies, securities or corporations with foreign capital, and others.
4. Imported and domestic equipment for installation.
5. All types of investment.
6. Parts of long-term calculations, financial lease accounts, deferred expenses, debt (long-term) employees, other debts (receivables).

In the second section, the instruction on the application of the chart of accounts illuminates the accounting procedure for accounting items:

1. The main resources.
2. The wear and tear of these funds.
3. The main resources received in accordance with the contract of financial lease.
4. Long-term investment.
5. Capital investments.
6. Equipment for installation.
7. Amortization of intangible resources.
8. Intangible assets.
9. Deferred expenses and debt (debtor's) long-term nature.

The instruction on application of the chart of accounts in the second part explains the order of accounting for current assets. Accounts in the section of commodity inventories are intended to summarize the data on movement and availability:

1. Raw materials, purchased semi-finished products, materials, components, containers, fuel, household supplies, spare parts and other means that are intended for use in the production process or in the performance of services or works.
2. Unfinished production.
3. Products for implementation in the normal course of the organization.
4. Finished goods.

Instructions for the application of the chart of accounts prescribes a certain procedure for the formation of inventory of commodity inventories. It should, in particular, pay attention to their condition, structure, quantity, movement, revaluation order and other indicators. The accounting information should contain information on the search for reserves to reduce the cost of goods, the rational use of material assets, lowering the expenditure rates, as well as ways of proper storage and preservation. This section describes how to maintain accounting articles:

1. Materials.
2. Animal on fattening and growing.
3. Acquisition and preparation of materials.
4. The main production.
5. Semi-finished products produced at the enterprise.
6. Serving farms.
7. Auxiliary production.
8. The goods.
9. General production expenses.
10. Finished products.

In the section on accounts receivable, information on accounts from customers and customers, from dependent and subsidiaries, separate units, as well as received promissory notes, debts of debtors, founders, personnel is summarized.

In the section on cash, short-term investments and other current assets, the accounts are intended to summarize the data on the movement and availability of monetary resources in foreign and local currency that are in banks on accounts, in the cash register, as well as on investments in short-term securities, losses And shortages.