Economic activities Every normal functioning of the enterprise consists of income and expenditure components of the budget.The account other income and expenses - is one of the most relevant aspects of the economic entities.The receipt and expenditure of funds - these are financial transactions that are reflected in the accounting, legal and other documents.
The category of "other income and expenses" include the income or disposal of assets related to the provision for a fee for temporary use of property owned by the company.This component is taken into account in case of absence of income and expense that relate to ordinary activities.The category of "account other income and expenses" are ranked as the movement of funds associated with the toll concession rights to patents, with the realization of assets of the enterprise, respectively, attributable to the "other", as well as various fines and penalties for not ypolnenie contractual obligations.
expenditure of funds from the legal side, it is their disposal, which is associated with the presence of obligations to the company from the debtor.The account other income and expenses is reflected in the balance sheet of the organization.Each enterprise may use different accounting methods, tailored to the specific business activities.Balance approach to the determination of income and expenditure components of the balance sheet is the main goal - to reveal how they reflect in the accounting and to show statistics about them in the accounting statements of the enterprise.
Other arrivals and spending in its accounting bookkeeping connects with a score of 91 (other income and expenses), which is usually open such sub-accounts like:
- 1 - Other income,
- 2 - other expenses,
- 9 - balance onmovements in other inflow and outflow.
first sub-account is used to account for the asset received, which are recognized as "other".Accordingly, the second sub-account related to the costs of the category "other".Subaccount 91-9 is designed to reflect the operations of the other income and expenditures over a specified period.Information on the first two sub-accounts going throughout accountable time.
taking into account other income and expenses is a synthesis of the legal and economic nuances of this part of the balance.Rules of accounting policies in the current economic environment, companies usually determined by two main regulatory provisions:
- PBU9 / 99 - income businesses,
- PBU10 / 99 - Expenses predpritiya.
Following paragraph 2, the first document is considered income growth in economic benefits associated with the arrival of the asset (cash resources) and the elimination of existing obligations.All this leads to an increase in capital of the enterprise.The second paper deals with consumption of resources of the organization as a decrease in the economic benefits of the enterprise, which occurs due to the disposal of assets and the emergence in connection with this obligation, which entails the reduction of the company's capital.In both cases, regardless of the nature of movement of material assets, income is or disposal should not take into account the contributions of the owners of the property.
Other income to the end of the reporting period closed accounting organization through internal records into subaccount 91-9.Accounting for current affairs applicable to the account 91 is made on each variety of other income and expenses.As a rule, taking into account the revenue accounting estimates involve financial transactions that lead to a change in the availability of assets with a plus sign.Expense Tracker is a reflection of the operations characterize the outflow of financial resources of the organization.
