1. Theoretical and methodological bases of materials accounting

The concept of materials and their classification



In accordance with the definition of materials that they are given in regulatory documents on accounting (Regulation on Accounting "Accounting for material and Production Stocks" (PBU 5/01), approved by Registered by the Ministry of Justice of the Republic of Uzbekistan on August 28, 1998, Registration No. 486), assets are accepted for accounting as material and production stocks:

• 
  used as raw materials, materials in the production of products intended for sale (performance of works, provision of services);
  
• 
  held for sale;
  
• 
  used for the organization's management needs.
  

Gwholesale products are part of the inventory heldfor sale, and goods are alsopart of the inventory purchased or received from other legal entities or individuals and held for sale.
The cost of materials is fully transferred to the newly created product.
For the correct organization of inventory accounting, their scientifically based classification, assessment and choice of accounting unit are of great importance. In planning, technology, and accounting, there are two important groups that are based on:

1. 
   their purpose and role in the production process;
   
2. 
   technical properties (grade, size, brand, type, profile).
   

Based on the above and for clarity of materialand production stocks, we will draw up a general scheme (Figure 1).
Figure 1 - Types материально-of inventory groupings.

Packaging and container materials

Auxiliary materials