Off-balance sheet accounts
The principle of the balance sheet isdouble registration of events, which are reflected in the duplication of loans and debits of accounts. If necessary, also use off-balance accounts that do not fall into balance, because they do not appear in a double entry. For various reasons, many objects are reflected through a single entry, in which case the account becomes credit or debit.
Off-balance sheet accounts are used to register andreflecting objects that do not belong to the enterprise by right of ownership, but are in temporary use. This group includes the main leased assets, commodity and material assets that are taken for safe keeping, taken on commission, as well as equipment accepted for installation, the basic assets leased.
These objects are accounted for in a simple scheme on single accounts. Mandatory for off-balance accounts conduct and analytical accounting.
Off-balance sheet accounts are used for generalizationdata on the movement and availability of temporarily held at the disposal of the organization values, contingent liabilities and rights. In addition, they are used to control certain business transactions.
The system of accounts of accounting includes in its structure the following accounts (off-balance sheet).
The main leased assets are displayed byaccount 001, which is designed to reflect traffic data and the availability of fixed assets that are leased by the enterprise. Analytical accounting is performed for each object (according to inventory numbers), by landlords. The main leased assets that are located outside the country are taken into account separately.
The group "off-balance accounts" includes account 002,which is called "Commodity and material assets, which are taken for safe keeping." In this account, buyers (enterprises) take into account the values that are accepted for storage, if the supplier received the goods values, but the enterprise refused to pay the payment requirements, as well as when receiving from the supplier values without payment, which are prohibited from spending on the terms of the contract, and materials that are taken for safe keeping.
Suppliers keep a record of the goods account,paid by the buyer, but left for safe keeping or unavailable due to reasons beyond the supplier's control. Analytical accounting is carried out in the places of storage, varieties, types and enterprises-owners.
Off-balance sheet accounts include "Materials thatare accepted for processing "(003). It summarizes information about the movement and availability of materials and raw materials of customers that are accepted for processing or raw materials on a give-and-take basis. These assets accepted for processing are recorded in accounting at prices that are stipulated in the contracts.
The account 004 reflects the goods that are inAccording to the contracts, they are accepted on the commission. The prices for the account are contained in acceptance certificates and other. The analytical account is made on committents and kinds of the goods.
Off-balance accounts display equipment,which is accepted for mounting (005). This account is used by contractors to account for movement of all equipment that was received for installation from the customer. The prices are indicated in the accompanying documents, the analyst is conducted on aggregates and individual objects.
The strict reporting forms (006) take into accountissued for the report and stored forms of identity cards, receipt books, various subscriptions, diplomas, tickets, coupons, shipping documents, etc. Analytical accounting is produced by storage locations and types of forms.
Out-of-balance accounts take into account indebtedness, insolvent debtors, depreciation of fixed assets, securing payments and liabilities.
