By 99 - "Profits and losses".

Accounting records are meant to fix them all cash transactions.This review will be considered in detail by 99 "Gains and losses".The reader will learn about what function it performs, can have their own category, how to use it and close.The information is accompanied by examples that help better develop the theme.

Purpose accounts 99

Each company operates in order to achieve the main goal - to increase profits.The financial result - the sum of all income from each activity.For the sale of goods or services need to invest money, but how much it will be profitable in the reporting period - will be known after summarizing all the information about financial costs and revenues.It is designed to do this by 99, which may be reflected:

• increase or decrease in income from principal activity (D90 K99);
• remainder in other expenses and income for the period (D91 K99);
• impact of emergencies on the economic activity (force majeure, accidents);
• accrual of amounts intended for tax calculation (interaction with a score of 68).

possible opening of new sub-accounts?

According to the instructions, is not considered by categories.An accountant can create their own, given the demands of the enterprise (analysis, monitoring, reporting).In this regard, it may be introduced, for example, such a system:

• 99/1 «Gains or losses on the sale of goods";
• 99/2 «Remains of different income (expenses)";
• 99/3 «windfall";
• 99/4 «Unexpected expenses";
• 99/5 «Income Taxes";
• 99/6 «tax contributions."

last three sub-accounts can be surplus of debit and credit.You can also open 99/9 category "Net Profit or Loss", which will show the amount of any income (deductions) for the period.

Correspondence debit

99 can interact through debit with different categories:

• «Fixed Assets" (01).
• «Profitable investments in MC" (03).
• «Devices for installation" (07).
• «Deposits in non-current assets" (08).
• «Materials" (10).
• «Animals in growing and feeding of" (11).
• «Change in the value of MC" (16).
• «VAT on acquired values" (19).
• «Primary production" (20).
• «overhead and general running costs" (25, 26).
• «Defective product" (28).
• «Commercial products" (41).
• «currency and current accounts" (52, 51).
• «Semi-finished products of own production" (21).
• «Cash" (50).
• «Finished products" (43).
• «Auxiliary production" (23).
• «shipped products" (45).
• «Operating shops and services" (29).
• «Costs of goods" (44).
• «Cash investments" (58).
• «Calculations with the state budget and the social insurance (security)" (68, 69).
• «Financial operations with accountable persons, as well as employees of wages and other procedures" (69, 70, 73).
• «Retained earnings" (84).
• «Sales of products" (90).
• «Other income and expenses" (91).
• «costs in future periods" (97).
• «Intra-organizational settlements" (79).
• «Financial transactions with creditors and debtors" (76).

What could be the wiring

Debit account 99 reflects the losses of the company for a variety of activities.Examples of business transactions can be found in the table.

Correspondence loan

Account 99 "Gains and losses" interacts with the following loan categories:

• «Materials" (10).
• «Financial transactions with suppliers and contractors" (60).
• «currency and current accounts" (52, 51).
• «Retained earnings" (84).
• «Sale of goods" (90).
• «Shortage and loss from corrupt values" (94).
• «Reserves for future expenses" (96).
• «Special accounts in banks" (55).
• «Intra-calculation" (79).
• «Financial transactions with creditors and debtors" (76).
• «Other income and expenses" (91).
• «Settlements with employees on different transactions" (73).

Operations loan

The following table shows some examples to understand what may be 99 by posting loan, reflecting the income (profit) of the company.

Features closing 99 accounts of profit and loss

performance of the company in terms of money is reflected in the comparison of debit and credit turnovers.In this connection, it is required to close some accounts (99, 90, 91).Under the conditions of modern production is very important to define and justify the cost is the procedure.In order to perform the tasks of competent professional should be guided by the special rule.First, we should close the accounts of industries and companies with the largest number of clients receiving the least amount of counter services, and in the opposite situation - the last (maximum and minimum customer service).

closing sequence 99 bills

the transaction in question is carried out by this algorithm:

1. Closing the account 90 "Sales of goods".Comparing the income and expenses from the sale, the final result can be formed from the core business.At year end, the debit is reflected the actual cost of goods sold including all costs.Loan amount generated implementation.Total value equal to the difference between the balance of credit and debit account 90 and 90/3 "VAT".If a debit balance of more than credit, do the following harness: D99 K90 (loss), in the opposite case - D90 K99 (profit).
2. charged 91 should be carried out the same operations as in the first phase.In case of negative financial results is posted D91 and D99 K91 K99 at the positive.
3. thus closing 99 accounts performed last.The result, which was formed by comparing the debit and credit balances 90 and 91, is undistributed earnings, retained by the organization or uncovered loss.The results are recorded in the credit or debit 84.

final completion of the procedures carried out by phasing out the distribution and expenditure accounts.This allows you to create pre-revolving balance, reflects the real financial situation of the organization.

Knowing all the distinctive features possessed by 99 "Gains and losses", young professionals will be able to understand all the peculiarities of accounting.Do not forget about AR as well as reference and legal systems, without which companies can not be a legitimate activity.