1. Theoretical and methodological bases of materials accounting

2.2 Synthetic and analytical accounting of materials

Synthetic inventory accounting is maintained on account 10 "Materials". It is designed to sumsmarize information about the availability and movement of raw materials, supplies, fuel, spare parts, inventory, containers and other valuables of the organization. Material values on account 10 "Materials" in LLC "«APEAS CONSTRUCTION»" are taken into account at the actual cost price.

The following subaccounts are opened for account 10 "Materials" at the enterprise субсчета:

1. 
   10/1 "Raw materials"
   
2. 
   10/2 "Purchased semi-finished products and components, structures and parts"
   
3. 
   10/3 "Fuel"
   
4. 
   10/4 "Tare and container materials"
   
5. 
   10/5 "Spare parts"
   
6. 
   10/6 "Other materials"
   
7. 
   10/7 "Materials transferred for processing to a third party"
   
8. 
   10/8 "Building materials"
   
9. 
   10/9 "Inventory and household supplies", etc.
   
10. 
    10/10 "Special equipment and special clothing in stock"
    
11. 
    10/11 "Special equipment and special clothing in operation"
    

Material resources in this organization can be received by:

• 
  from suppliers.
  
• 
  through accountable persons;
  
• 
  from the founders as a contribution to the authorized capital;
  
• 
  upon disposal of the MBP;
  
• 
  free of charge;
  
• 
  in case of complete liquidation of fixed assets;
  
• 
  in exchange for other property.
  

Incoming material and production stocks according to the submitted documentsм and reports to LLC "Sheet"is credited to the Debit of account 10 "Materials" incorrespondence with the following accounts:
1. The purchase price of materials excluding VAT is reflected on the basis of the supplier's invoice and invoice:
D-t of account 10 "Materials"
K-t of account 60 "Settlements with suppliers and contractors"
2. Transportation costs for purchasing materials are reflected (based on the transport organization's invoice) excluding VAT:
D-t of account 10 "Materials"
K-t accounts 76 "Settlements with various debtors and creditors"
3. VAT is included for materials credited (transportation costs, remunerationof intermediary organizations).:
D-t of account 19 "Value added tax on purchased valuables"
K-t accounts 60 (76)
4. Suppliers ' invoices formaterials and their delivery costs were paid:
D-t accounts 60 (76)
K-t accounts 51 "Settlement accounts"
5. Submitted for VAT deduction on materials paid forand accepted for accounting
D-t accounts 68 "Calculations for taxes and fees"
K-t of account 19 "Value added tax on purchased valuables"
6. Materials can be received through accountable persons:
D-t of account 10 "Material"
K-t of account 71 "Settlements with accountable persons"
7. Contribution of material and production reserves to the authorized capital:
D-t of account 10 "Material"
K-t of account 75 "Settlements with founders"
8.Receipt of tangible assets upon disposal of fixed assets:
D-t of account 10 "Material"
K-t accounts 91 "Other income and expenses subaccount "Other income"
The actual consumsption of materials is reflected in the credit of account 10 "Materials"
Figure 3 shows a diagram of the consumsption of material assets at the enterpriseLLC "Sheet".



Warehouse of the company"«APEAS CONSTRUCTION»" LLC





Productionfacilities



Third-party organizations

General economic needs

Rice. 3 Scheme of consumsption of material values at the LLC enterprise "Sheet"

With aneven policyLLC "«APEAS CONSTRUCTION»" is consideredto be realized by shipment, as materials are released to customers, they are reflected as realized on the invoice 62:
D-t accounts 62
K-t of the account 90
and writeoff:
D-t of account 10
K-t accounts 20

When selling material stocks that are synthetically recorded at actual cost, they are debited from account 10 to debit account 91 during the month at accounting prices, and at the end of the month, deviations of the actual cost of materials from their cost at accounting prices are written off by the same transaction.

Transactions related to the transfer of tangible assets as a contribution to the authorized capital are recorded as long-term financial investments of the organization and are recorded under account 58, subaccount 1 "Units and shares". Then the accounting records for the transfer of materials as a contribution to the authorized capital will be as follows::
1. Materials were transferred as a contribution to the authorized capital (the price of the agreement corresponds to the registered value):
D-t accounts 91
K-t of account 10
At the same time:
D-t of account 58/1,
K-t accounts 91.