Post by account_disabled on Feb 22, 2024 13:23:44 GMT 5
The lent to other parties using NONMONETARY ASSETS if loans are made in cash they must be accounted for as loans on Account Loans Inventory DO NOT APPLY LIFO METHOD Added pricing calculation technique according to RETAIL PRICE METHOD SPECIFY IN DETAIL HOW TO ACCOUNT FOR PROMOTIONAL AND ADVERTISING CASES Do not capitalize loan interest for construction contractors Do not apply Account when transferring inventory to dependent units but use Account Deductible VAT Account Detailed technical details of VAT division in business cooperation contracts.
BCC Eliminate input and output VAT declaration entries in Italy Phone Numbers List transactions of internal consumer goods and advertising promotions. Principles of accounting for fixed assets investment real estate and capital construction When purchasing fixed assets if additional equipment and spare parts are received together the replacement products spare parts and equipment must be identified and recorded separately at their fair value. The original purchase price of purchased fixed assets is determined by the total value. of purchased assets minus the value of products equipment and spare parts. of fixed assets for normal operation periodically are deducted in advance of provisions for payables Account account is not used.
Investment real estate for operating lease must be depreciated Investment real estate held waiting for price increase the enterprise does not depreciate but determines the loss due to decrease in value. Real estate construction investors use account to collect real estate construction costs used for many purposes. When the construction or project is completed and put into use accountants base on how the assets are actually used to transfer construction investment costs in accordance with the nature of each type. Prepaid costs Must track details of prepayment period for classification on the technical balance sheet. Bond issuance costs are not recorded as prepaid expenses. Deferred income tax Do not use the concept of permanent difference. Offsetting is allowed on financial statements when they are owned by the same enterprise and managed.
BCC Eliminate input and output VAT declaration entries in Italy Phone Numbers List transactions of internal consumer goods and advertising promotions. Principles of accounting for fixed assets investment real estate and capital construction When purchasing fixed assets if additional equipment and spare parts are received together the replacement products spare parts and equipment must be identified and recorded separately at their fair value. The original purchase price of purchased fixed assets is determined by the total value. of purchased assets minus the value of products equipment and spare parts. of fixed assets for normal operation periodically are deducted in advance of provisions for payables Account account is not used.
Investment real estate for operating lease must be depreciated Investment real estate held waiting for price increase the enterprise does not depreciate but determines the loss due to decrease in value. Real estate construction investors use account to collect real estate construction costs used for many purposes. When the construction or project is completed and put into use accountants base on how the assets are actually used to transfer construction investment costs in accordance with the nature of each type. Prepaid costs Must track details of prepayment period for classification on the technical balance sheet. Bond issuance costs are not recorded as prepaid expenses. Deferred income tax Do not use the concept of permanent difference. Offsetting is allowed on financial statements when they are owned by the same enterprise and managed.