What Is Reserve Accounting?

The special reserve is an equity account and statement item, which is applicable to enterprises that implement China's Accounting Standards for Business Enterprises.

Special reserves

Right!

Special reserve is an equity class

According to the "Accounting Standards for the Interpretation of Business Accounting No. 3" issued by the Ministry of Finance in June 2009, the safety production fees drawn by enterprises in high-risk industries in accordance with national regulations shall be included in the cost of related products or current profit and loss, and shall be recorded in the "special reserve" "subject. When withdrawing production safety costs, debit "production costs,

The balance at the end of the "Special Reserve" account is reflected in the addition of a "Special Reserve" item between "Other comprehensive income" and "Profit reserve" under the owner's equity of the balance sheet.

[Example problem and calculation problem] Company A is a large and medium-sized coal mine enterprise, which belongs to high-gas mines. According to national regulations, the coal production enterprise extracts from the cost of 15 yuan per ton of coal based on the actual output of raw coal. On May 31, 2009, Company A's "Special Reserve-Production Safety Fee"

Based on the above information, the related accounts of Company A were processed.

correct answer

(1)

Borrow: production cost 1 000

Loan: Special Reserve-Safety Production Fee 1 000

(2)

Borrow: Special reserve-safety production cost 50

Loan: bank deposit 50

(3)

Borrow: Construction in progress 20 000

Taxes payable-VAT payable (input tax) 3 400

Loan: bank deposit 23 400