Trade margin in retail trade accounting entries. Trade margin in retail trade accounting entries On account 42 the trade margin is reflected

One of the types of entrepreneurial activity is wholesale and retail trade. In this case, the seller’s profit is considered trade margin, which represents the difference between the starting price and the final price.

Description and characteristics

To obtain the profit planned by entrepreneurs and founders, the seller creates the commodity value through the amount of markup accrued on the cost of production/purchase. The resulting difference should ensure full coverage of all costs:

• value added tax;
• indirect tax deductions;
• sales costs;
• payment for services of third parties;
• staff salaries.

At the same time, through the markup, not only expenses are financed, but also profit. At the same time, the value of this parameter should not create serious obstacles to the company’s further competitiveness in the market in comparison with competitors’ products.

As for accounting activities, account 42 is used to summarize information about markups, as well as discounts on product items in companies that conduct retail sales of goods.

This line is credited upon acceptance of products for accounting for the amount of the trade margin. Values ​​for goods sold are subject to reversal according to Kt 42 in combination with Dt 90. Through analytical accounting in this area, it should be ensured separate reflection of discount amounts.

The procedure for forming trade margins

The selling price of a particular product item also includes a markup. It, in turn, is formed from several elements, including the planned profit of the presentation, VAT, if it is subject to mandatory payment.

Subsequently, the retail cost and trade markup are displayed within the register of retail values. Its write-off usually occurs during the sale of commodity items.

In order for the activities of trading companies to generate significant profits, they can formulate price levels independently. But at the same time, market conditions, consumer qualities, and product characteristics should be taken into account.

For the lion's share of product items, the maximum margin does not carry any restrictions. However, representatives of local authorities may well establish some limit.

In addition, there are certain goods that are regulated by the size of markups by the state (catering products, children's product items, medicines). In some situations, the product must be revaluation. To do this, you will have to start compiling an inventory list, which indicates data on the date of change in value, prices, and the difference between the prices of the goods.

Price regulation is a whole complex of levers, which have a direct and indirect impact on the price formation mechanism for goods sold within the country. This event acts as a necessity because it has a mutual connection with the problem of generating income.

Depends on the effectiveness of the implementation social stability within the national economy. Prices, providing a stimulating function, influence the development of the production process.

The mechanism by which the state regulates the price level includes several elements:

• defining targets;
• studying indicators of demand for goods;
• estimates based on average production costs;
• analysis of the conduct of opposing parties;
• selection of pricing methods;
• final conclusions regarding government intervention.

State regulation of price levels for commodity items does not exclude freedom of choice for consumers in purchasing the desired set of goods and services. Moreover, all elements imply the achievement of certain goals:

• ensuring balance between supply and demand;
• covering the primary needs of the population;
• financing and cost compensation;
• maintaining a decent standard of living for citizens;
• stimulation of integration processes and mutually beneficial division of labor;
• strengthening the efficiency indicators of foreign economic relations.

Basic postings with examples

If we consider typical transactions and account entries, we can use Several variants. The amount of the trade margin that has been accrued is carried out on the loan. The debit is used to write off the markup associated with the sale of goods, reducing the amount.

1. Dt 41 Kt 42. This operation characterizes the fact that the accrual of the trade margin has been reflected.
2. Dt 90-2 Kt 42 implies the fact of writing off the markup amount for product items that were sold.
3. Dt 91-2 Kt 41– the excess of the markdown amount over the markup amount has been written off.

Now you should pay attention to a real practical example and consider not only the transactions, but also the amounts of transactions.

The organization Pelican LLC bought from the Panorama LLC company a consignment of 100 washing machines for a total amount of 1,000,000 rubles. VAT amounted to 180,000 rubles, and the size of the trade margin was 35%. Determining the value of this parameter, as well as the cost of goods for sale, the accountant made the following calculation measures:

1. The trade margin is a value that can be found using the following equation: (1,000,000 – 180,000) * 35% = 287,000 rubles. for the entire consignment.
2. The selling price of a consignment of goods is (1,000,000 – 180,000 + 287,000) = 1,107,000 rubles.
3. The retail cost of a commodity unit is 1,107,000 / 100 = 11,070 rubles.

Now you should pay attention to the fundamental entries compiled for the transactions in question. It turns out that when reflecting all transactions in accounting, the accountant made following entries:

1. Dt 41 Kt 60. This posting reflects the fact that Pelican LLC received a shipment from Panorama LLC in the amount of 8,200,000 rubles.
2. Dt 19 Kt 60. Here we are talking about a situation where the amount of value added tax on incoming product items was reflected; the amount is 180,000 rubles.
3. Dt 60 Kt 51. The posting reflects the fact of transfer of funds as payment for the item.
4. Dt 68 Kt 19. This indicates the fact that value added tax has been deducted.
5. Dt 41 Kt 42. As part of this posting, the value of the trade margin is reflected.

These entries are directly involved in business transactions and are the most accurate for recording.

If product items are no longer in circulation, measures are taken to write off the trade margin. For example, in case of sale, damage, free transfer to third parties.

If implemented

The amount is reversed in correspondence with account 90 “Sales”, subaccount “Cost of sales”. The general wiring looks like Dt 90-2 Kt 42.

What to do in case of markdown of goods

In the course of trade-related activities, some product items may lose their consumer properties, as well as their presentation. In this case, it is possible to make a decision to mark down the goods.

The amount for which this occurs is written off by posting: Dt 41 Kt 42. If the value of the markdown is higher than the TN indicator, the posting appears Dt 91-2 Kt 41.

In the process of using goods for personal needs

If product items were used as own elements, it is necessary to write them off to account 44; as a result, the posting will take the form Dt 44 Kt 42.

If there is a disposal of goods due to damage, shortage

If the disposal of commodity items occurred for the specified reasons, their price is written off to account 94 at the realizable value. As a result, the wiring takes the form Dt 94 Kt 42.

Thus, account 42 plays a colossal role in the balance sheet and reflects a large number of transactions on trade margins.

Additional information on this account is provided in the instructions.

The trade margin indicator is used when setting prices for goods sold by retail enterprises. To record the amounts of trade margins, account 42 is used. In the article, we will talk about the procedure for forming the realized margin on goods and, using an example, we will consider the main accounting entries for account 42. Content

• 1 The procedure for forming trade margins
• 2 Typical transactions for account 42
  • 2.1 Creating a markup on a product - example
  • 2.2 Postings for writing off margins on goods sold

The procedure for forming trade margins According to the law, each enterprise has the right to independently determine the retail price of the goods sold. Consequently, the amount of the trade margin and, as a consequence, the selling price of the goods is determined by the organization in each individual case.

Postings on account 42 - realized trade margin

When determining the markup, the following entries can be used:

1. Dt 41-2 - Kt 42 - the extra charge is reflected.
2. Dt 90 - Kt 42 - margin amounts reversed as a result of damage or loss of goods.

For the balance of goods, the markup is determined as follows: a percentage consisting of the ratio at the beginning of the month of the amount of the markup on inventory balances and received for the month to the amount of goods sold and final balances. The amount for goods sold is determined based on sales prices.

In organizations that pay VAT, the formation and accounting of markups is different. For example, tax defaulters (organizations on the simplified tax system or exempt from VAT) create a markup on account 42 itself.

Accounting for trade margins

In addition to food products, the list of goods for which control over selling prices can be established includes children's products, medicines, medical products, goods intended for sale in the Far North and regions equivalent to it. If cases of overpricing are detected for goods regulated by states, the responsible persons and organizations will face fines.

For management, fines of up to 50,000 rubles are provided, for legal entities - in the amount of twice the amount of revenue exceeded as a result of overstatement for the entire period of overstatement, but for a total duration of no more than a year. Accounting for trade margins (account 42: postings) In the accounting of trade enterprises, trade margins are accounted for separately.
For these purposes, the “Trade margin” account is used. All kinds of discounts and product losses and other data can also be reflected here.

Accounting in trade

In all these cases, it is necessary to reverse the amount of the trade margin taken into account in the sales price of the goods: Debit 41 Credit 42 – the trade margin on goods has been reduced as a result of their markdown; Debit 44 Credit 42 – trade margin on goods used for own needs is written off; Debit 94 Credit 42 – the trade margin on goods disposed of as a result of shortages or damage has been written off. When writing off goods as a result of damage or damage, an act is drawn up in the TORG-15 form.

Info

It was approved by Decree of the State Statistics Committee of December 25, 1998 No. 132. Revaluation of goods is carried out on the basis of the order of the manager.

It needs to be documented with an inventory document. This document should indicate: – name of the product; - quantity of goods; – old and new retail prices; – the cost of the goods in old and new prices; – the amount of depreciation or revaluation. HER.

Postings for accounting for trade margins in retail trade

To reflect data on the value of the trade margin, account 42 is used, on which the following information can be taken into account:

• Trade margin;
• The amount of discounts;
• Possible loss of goods;
• Additional shipping costs.

The trade margin can be reflected in transactions as follows:

• The trade margin is calculated using the following posting: Dt 41 Kt 42 - the trade margin has been generated.
• For retail sales, subaccount 41.2 is most often used - goods in retail trade. The posting in this case takes the form: Dt 41.2 Kt 42 - trade margin for retail sales.
• When accounting for goods sold, the value of the trade margin is reversed, corresponding with the sales account (account.
  90).

Postings for accounting of goods in retail at sales prices

The trade margin is the organization's income. If the goods sold are subject to taxes: VAT, excise taxes, then they are included in the markup. To document the size of the trade margin, the company compiles a register of retail prices. It serves as the primary document on the basis of which the markup is calculated. There is no established form for such a register. Therefore, it can be compiled in any form.

Note that the approximate form of this document is given in Appendix 2 to the letter of the Ministry of Economy dated December 20, 1995 No. 7-1026. The register of retail prices must contain the following details: – company name; – date of compilation; - serial number; – signature of the director, chief accountant and company seal.
The register must reflect the following information: – name of the product; – purchase price of the goods (excluding VAT); – the company’s trade margin; – the amount of accrued VAT; – retail price per unit of goods.

Rules for maintaining accounting records in trade

Profit/loss from sales" 99 "Profits and losses" When writing off defects in trade, the postings will be the following, if the defect is detected after the goods have been posted and it is not the supplier's fault: Operation Debit account Credit account Defective goods are detected in the warehouse 94 "Shortages and losses from damage to valuables" 41 Losses of goods were written off within the limits of natural loss norms 44 94 Losses in excess of natural loss norms were written off (in the absence of guilty persons) 91 "Other income and expenses", subaccount "Other expenses" 94 Losses from defective goods were attributed to guilty persons 73 “Settlements with personnel for other operations” 94 Accounting in retail trade: account 42 If an organization engaged in retail trade accounts for goods at sales prices, account 42 “Trade margin” is used to summarize information about trade margins (discounts, markups) on goods Order of the Ministry of Finance dated October 31, 2000 No. 94n).

Accounting in trade postings

The sale of essential food products is also subject to state regulation. In relation to other products, it is allowed to establish a trade margin in any amount.

Attention

But in this case, the pricing process is greatly influenced by competition, which restrains the growth in the cost of goods. Trade enterprises have the right to set either a single markup for the entire assortment or use different values ​​that determine prices for individual product groups.

The chosen method will need to be fixed in the accounting policy. Get 267 video lessons on 1C for free:

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Postings for accounting for trade margins Postings for sales transactions give an idea of ​​the profit received.

Account 42: trade margin. example, wiring

The government determines the acceptable price for certain goods that have special social significance. If a product is on the List of Price-Controlled Products, then their total cost, including markup, must be formed in accordance with current laws and regulations at the federal and local levels. If there is a steady increase in prices for goods of social importance, the Government has the right to temporarily limit their maximum limit. But this can be done if the price increase level exceeds 30% over a 30-day period. The maximum permissible value of the cost of such goods, established by the Government, can be maintained for up to 90 days. Socially significant goods include the following: meat, milk, sunflower oil and butter, flour, eggs, sugar, salt, bread, cereals, potatoes, some types of fruits and vegetables.

Selling expenses" 44 Profit from the sale of goods was identified at the end of month 90, sub-account "Profit/loss from sales" 99 In retail trade, accounting (entries) in organizations that keep records of goods without using account 42 will generally be similar to accounting for wholesale sales (taking into account the specifics of payments - in cash and using plastic cards). It is important to consider that accounting entries in trade also depend on whether the seller holds title to the goods.

Indeed, in commission trading, the commission agent's postings will be different: Operation Debit account Credit account Accepted goods on commission 004 Sold goods on commission 50, 57, 62 76, subaccount “Settlements with the principal” Write off sold commission goods 004 Costs associated with the sale of commission goods are reflected , not reimbursed by the principal 44 60, 10, 70, 69, etc.

Trade margin in retail trade accounting entries

As a result, the following entry appears: Dt 90 Kt 42 - the trade margin on goods sold is determined. According to Kt 42 (reversal), the following transactions are also reflected in correspondence with the corresponding accounts:

• Issued goods;
• Written-off goods;
• Damage, shortage.

The formation of trade margins in accounting also depends on whether the seller is a VAT payer. If the organization is on a simplified system or uses UTII, then it is allowed to record the markup directly on account 42.

If the seller charges VAT, then you will need to use subaccounts:

• 42.1 - trade margin at the supplier’s price;
• 42.2 - VAT is included in the trade margin.

Thus, when selling goods at retail, the VAT amount is included in the final price, that is, the seller calculates and pays the tax in the generally accepted manner.

Features of using the $42$ “Trade Margin” account

Definition 1

Trade margin– this is part of the price of the product, used in wholesale and retail trade. It is the added value to the purchase price of a product. Its purpose is to reimburse the costs of selling, receiving premiums, and paying part of the indirect taxes.

Trade discount– part of the retail price.

Using a $42$ account becomes advisable in automated retail trading. The introduction of such an accounting system makes it possible to simplify and make transparent the balance of goods, their sale and determine profit. This system also helps prevent abuse. Automation will also make it possible to introduce targeted storage, which will simplify the process of accepting goods, their display, tracking the expiration dates of goods, and keeping records of certificates of conformity. Until the implementation of the automated system, accounting is carried out in retail prices.

The main advantage of using the $42$ account– this is the storage and assignment of goods to the financially responsible person. With such accounting, you can daily remove intermediate balances of goods, which is convenient if a trading enterprise has many departments and a wide range of goods.

With all the positive aspects, there are also disadvantages. Namely, with such a system the accounting process becomes more complicated. Accounting entries become more complicated. It is also important to note that in retail trade prices may change frequently. Automation of the accounting process allows you to quickly change the price of a product; all that remains is the human factor - changing the price tags on the product in a timely manner in order to avoid conflict situations with customers.

Note 1

Any business transaction is reflected in the primary document; the trade margin will be reflected in the register of retail prices. This document determines the selling price. The price register must be approved by the head of the enterprise; such a register does not have a uniform form. It must be compiled for each invoice, daily.

Seller control scheme

1. receipt of goods by quantity, acceptance of goods is noted in the invoice, certified by the signature of the materially responsible person.
2. when prices change, the seller is given a register of retail prices and price tags for the goods;
3. invoices are filed with the goods report and checked;
4. The correctness of sales reflection is carried out by reconciling the amounts of the $Z$-report and the amount of the loaded $Z$-report into the automated system. Such an operation can be carried out automatically (a sales receipt is issued in an automated system and when the document is posted, a cash receipt is automatically printed);
5. inventory is carried out.

Another advantage of keeping records using the $42$ account is tax accounting, which is carried out in purchase prices.

To switch to this system you must:

1. change the accounting policy - perhaps once a year, accounting begins in the new year.
2. if an enterprise operates with several stores, the accounting policy must reflect which divisions will use such a system.

Accounting methods and correspondence of accounts

Goods can come from suppliers, consignors, sponsors, etc. When goods are received from suppliers, the following entries must be made:

• Dt $41$ – Kt $60$ – acceptance of goods at the purchase price
• Dt $19$ – Cr $60$ – VAT reflected on received goods
• Dt $42$ – Cr $41$ – trade margin reflected

Invoice $42$ “Trade margin”

Note 2

This account is used to summarize information about trade margins (discounts). The account will be credited with $42$ when goods are accepted for accounting in the amount of the trade margin (discount).

The amounts of the trade margin of goods that were sold, released or written off due to defects, damage, shortages are recorded as a reversal entry:

• Dt $90$ – Ct $42$.

The specificity of the $42$ account is that it is not debited.

Reflection of the $42$ account in the balance sheet

An account of $42$ is shown in the balance sheet in line $214$ “Finished goods and goods for resale.” This line summarizes account balances of $43, $41, $15, $16, minus $42$ and $41$.

Organization of work with a $42$ account in the $1$С program

A special document is intended to reflect sales transactions "Retail Sales Report". By default, the program offers the cash register transaction type; you also need to specify the warehouse and cash flow item. The name of the product and its quantity must be indicated. The document automatically generates transactions:

• Dr $90.02.1$ – Cr $41.02$
• Dr $50.01$ – Cr $90.01.1$
• Dr $90.03$ – Kt $68.02$

Note 3

Although a transaction is generated according to the document for the receipt of funds at the cash desk, an entry in the cash book is not made, since it should be generated on the basis of “Cash receipt orders”. To create the necessary entry, you need to create a document; it will no longer generate a posting, but the funds will go into the cash book.

Also, to organize accounting using this system, the program must reflect the necessary changes in the accounting policies and in the working chart of accounts.

Account 42 "Trade margin" is intended to summarize information about trade margins (discounts, markups) on goods in retail enterprises, if they are recorded at sales prices.

At catering establishments, account 42 “Trade margin” can take into account the amounts of trade discounts and mark-ups on food and goods located in pantries, buffets, in the kitchen, as well as discounts provided by suppliers to organizations engaged in retail trade for possible losses of goods, as well as reimbursement of additional transportation costs.

When registering goods received by trade and public catering enterprises, the trade margin is reflected in the credit of the corresponding subaccount of account 42 “Trade margin” and the debit of the corresponding subaccounts of account 41 “Goods”.

The amounts of trade margins on goods sold or released are reflected by posting to the credit of account 90 “Sales” (subaccount 02 “Cost”) and the debit of account 42 “Trade margins”.

For goods written off due to damage, shortages, etc., the trade margin is reflected in the debit of account 42 “Trade margin” and the credit of account 94 “Shortages and losses from damage to valuables.”

The margin amounts related to unsold goods are clarified on the basis of inventory records by determining the due margin on goods in accordance with the established sizes.

The amount of markup on the balance of unsold goods can be determined by a percentage calculated as follows: 1)

the amount of turnover on the credit of account 42 “Trade margin” is added to the amount of the markup on the balance of goods at the beginning of the month; 2)

the amount of goods remaining at the end of the month (also at sales prices) is added to the amount of goods sold during the month (at sales prices); 3)

the ratio of the total amount of the markup to the amount of goods sold during the month and the remaining goods at the end of the month, multiplied by 100, represents the average percentage of the markup on the cost of these goods at sales prices; 4)

the absolute amount of markups related to unsold goods is the quotient of dividing by 100 the product obtained by multiplying the average markup percentage by the amount of the balance of goods at the end of the month.

Analytical accounting for account 42 “Trade margin” should provide separate reflection of the amounts of discounts (mark-ups) and differences in prices related to goods at retail trade enterprises and to goods shipped.

Table 4.3.

Account 42 "Trade margin" corresponds with accounts Debit Credit 41 "Goods" 4 4 "Sales expenses" 90 "Sales" 94 "Shortages and losses from damage to valuables" W.W.W...I.n.e.t.L.i.b. Ru. -

The company opened a buffet, transferred to the payment of UTII. The buffet workers prepare hot dishes, and the buffet also sells ready-to-sell products. In the reporting period, products for cooking were purchased in the amount of 40,000 rubles. (including VAT) and ready-to-sell products worth RUB 25,000. (including VAT). In total, ready-made meals were sold in the amount of 52,000 rubles, taking into account the trade margin of 12,000 rubles. and products ready for sale in the amount of 32,000 rubles, taking into account the trade margin of 7,000 rubles. In the reporting period, the cost of producing ready-made meals from semi-finished products (including wages and accruals) amounted to 10,000 rubles.

To reflect business transactions for the receipt, preparation and sale of ready-made meals and products, the following accounting entries must be made.

Debit 41 "Goods"

Products for cooking from suppliers were purchased and received;

Debit 41 "Goods"

Credit 60 "Settlements with suppliers and contractors" -

25,000 rub. - purchased and capitalized finished goods from suppliers;

12,000 rub. - reflects the trade margin on products used for preparing dishes;

Debit 41 "Goods"

7000 rub. - reflects the trade margin on finished products;

40,000 rub. - the cost of purchased products is transferred to suppliers;

Debit 60 "Settlements with suppliers and contractors"

Credit 51 "Current accounts" -

32,000 rub. - the cost of purchased finished products is transferred to suppliers;

Debit 29 "Service production and facilities" Credit 41 "Goods" -

52,000 rub. (40,000 + 12,000) - products for cooking were donated;

Debit 29 "Service production and facilities"

Credit 70, 69, 60 -

7000 rub. - the costs of producing ready-made dishes are reflected;

Debit 41-02 "Goods" Credit 41-01 -

32,000 rub. (25,000 + 7000) - ready-to-sell products transferred for sale;

32,000 rub. - revenue from the sale of finished products is reflected;

Credit 41-02 "Goods" -

32,000 rub. - the cost of products ready for sale is written off;

Debit 90-02 "Cost of sales"

Credit 42 "Trade margin" -

7000 rub. - the amount of markup on sold finished products is reversed;

Debit 50 Credit 90-01 "Revenue" -

52,000 rub. - revenue from the sale of ready-made dishes is reflected;

Debit 90-02 "Cost of sales"

Credit 29 "Servicing industries and farms" -

62,000 rub. (52,000 + 10,000) - the cost of sold ready-made meals is written off;

Debit 90-02 "Cost of sales"

Credit 42 "Trade margin" -

12,000 rub. - the amount of markup on sold prepared dishes is reversed;

Let us explain individual accounting entries.

Account 42 “Trade margin” reflects the amounts of trade discounts and mark-ups on food products and goods located in pantries, buffets, and kitchens, as well as the amounts of markups added in the established amount to the cost of kitchen and pantry products at sales prices.

An organization that is a payer of UTII is not recognized as a VAT payer (clause 4 of article 346.26 of the Tax Code of the Russian Federation). According to sub. 3 p. 2 art. 170 of the Tax Code of the Russian Federation in the event of the acquisition (import) of goods (work, services), including fixed assets and intangible assets, by persons who are not taxpayers in accordance with Chapter. 21 of the Tax Code of the Russian Federation or exempt from the taxpayer’s obligations for the calculation and payment of VAT, the amounts of VAT presented to the buyer when purchasing goods (work, services) are taken into account in the cost of such goods (work, services).

Account 42 “Trade margin” is intended to summarize information about trade margins (discounts, markups) on goods in organizations engaged in retail trade, if they are recorded at sales prices.

Account 42 “Trade margin” also takes into account discounts provided by suppliers to organizations engaged in retail trade for possible losses of goods, as well as for reimbursement of additional transportation costs.

Account 42 “Trade margin” is credited when goods are accepted for accounting for the amount of trade margin (discounts, markups).

Amounts of trade margins (discounts, markups) on goods sold, released or written off due to natural loss, defects, damage, shortages, etc., are reversed to the credit of account 42 “Trade margin” in correspondence with the debit bills 90"Sales" and other relevant accounts. The amounts of discounts (mark-ups) relating to unsold goods are clarified on the basis of inventory records by determining the applicable discount (mark-up) on goods in accordance with the established sizes.

The amount of discount (mark-up) on the balance of unsold goods in organizations engaged in retail trade can be determined by a percentage calculated based on the ratio of the amount of discounts (mark-up) on the balance of goods at the beginning of the month and turnover on the credit of account 42 "Trade margin" (excluding reversed amounts) to the amount of goods sold during the month (at sales prices) and the balance of goods at the end of the month (at sales prices).

Analytical accounting for account 42 “Trade margin” should provide separate reflection of the amounts of discounts (mark-ups) and differences in prices related to goods in retail organizations and to goods shipped.

Account 42 "Trade margin"
corresponds with accounts

by debit	on loan
	41 Products 44 Selling expenses 90 Sales 94 Shortages and losses from damage to valuables

Application of the chart of accounts: account 42

• How should the markup (in percentage) be reflected in retail trade in accounting?

  In accounting, account 42 “Trade margin” is used. Account 42 reflects information about trade margins (discounts, mark-ups...). Like any other operation, the markup... ;Goods" and the credit of account 42 "Trade margin" for the difference between the cost... of the selling price of goods on the credit of account 42 "Trade margin" is reversed to the debit... 600,000 rubles, and the trade margin (balance on account credit 42) is 100,000 rubles...

• Formation of the initial (purchase) cost of goods in a retail trade organization

  To reflect trade margins (discounts), account 42 “Trade margins”. The Instructions for account 42 “Trade margin”, approved by the Order... indicate that: “Account 42 “Trade margin” is intended to summarize information on trade margins (discounts, markups... additional transport costs. Account 42 “Trade margin” is credited "When accepting... the components of the trade margin in the following order: · account 42 “Trade margin” subaccount 42-1 “Trade margin”; · account 42 “Trade margin” subaccount 42-2 ...

• Retail trade in glass, porcelain, earthenware
• Retail

  Trade margin (discount) account 42 “Trade margin”. The Instructions for account 42 “Trade margin”, Chart of Accounts indicate that: “Account 42 “Trade margin...” is intended to summarize information about trade margins... at sales prices. Account 42 “Trade margin” also takes into account discounts, ... transportation costs. Account 42 “Trade margin” is credited when accepting...

• Calculation of gross profit in a retail organization using sales prices

  Reverse the amount of the trade margin reflected in account 42 “Trade margin”. This... invoice 42 “Trade margin” for the month); N in - trade margin on disposed goods (debit turnover on account 42 “Trade margin ... account 42 “Trade margin”); N in – trade margin on disposed goods (debit turnover on account 42 “Trade margin”); Nk - trade margin... on the balance of goods at the end of the reporting period (account balance 42 “Trade margin...

• Taking into account the trade margin, naturally, account 41 “Goods” arose in correspondence with account 42 “Trade margin”. In addition... in relation to account 42 “Trade margin” it was said: “Account 42 “Trade margin” is intended to summarize information on trade margins (discounts... sub-accounts, namely: · 42.1 “Trade margin”; · 42.2 “VAT ". Correspondence of accounts Amount, rubles Contents... transactions Debit Credit 41 “Goods” 42.1 “Trade margin...

• Preparation of documents and determination of financial results from the provision of catering services

  The structure of the trade margin in the organization Diana LLC under account 42 “Trade margin” the following sub-accounts are opened: 42.1 “Trade margin”; 42 ... balance and credit turnover on account 42 “Trade margin” (amount A). 2. The final sums up... maintains analytical accounting for account 42 “Trade margin” (42.1 “Trade margin” and 42.2 “VAT”), then a similar... “sub-account “Cost of sales” 42.1 “Trade margin” 2048 Trade margin is reversed , attributable to sold products...

• Markdown of goods. Consider the nuances

  The amount of the trade margin, then the accountant makes a reversing entry in the debit of account 41 ... in correspondence with the credit of account 42 “Trade margin”. EXAMPLE 2 ... 2 pcs.) - the realized trade margin was reversed; DEBIT 90 subaccount “VAT” ... . If the amount of the markdown exceeds the trade margin (that is, the sales value... the entire amount of the trade margin: DEBIT 41 CREDIT 42 - the trade margin on discounted items is reversed... - the markdown of goods in excess of the trade margin is reflected. If we approach the situation formally...

• Accounting for retail sales of glass, porcelain, earthenware

  That is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. According to the Instructions for the Plan... of the month and turnover on the credit of account 42 “Trade margin” (without taking into account reversed amounts) by... the period (balance of account 42 “Trade margin” at the beginning of the reporting period); TN p - trade margin on goods...; ТН в – trade margin on disposed goods (turnover in the debit of account 42 “Trade margin”); T – trade turnover... in the amount of 80,000 rubles; For account 42 “Trade margin” - 15,514 rubles; Behind...

• Retail trade of books
• Furniture retail

  Retail trade organizations reflect the trade margin on the credit of account 42 “Trade margin” in correspondence with the debit... of account 41 “Goods”. Proceeds from the sale..., that is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. This difference, representing the gross... . All goods have a trade markup of 40%. Correspondence of invoices Amount, rubles Contents of the transaction...

• Features of retail trade in air conditioners and ventilation equipment

  Retail trade organizations reflect the trade margin on the credit of account 42 “Trade margin” in correspondence with the debit... of account 41 “Goods”. Proceeds from the sale..., that is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. This difference, representing the gross... . All goods have a trade markup of 40%. Correspondence of invoices Amount, rubles Contents of the transaction...

• Accounting price of products (raw materials) in public catering

  Trade margin. And since it was possible to account for raw materials taking into account the trade margin, naturally, an account arose... 41 “Goods” in correspondence with account 42 “Trade margin”. Entry... or account 41 “Goods”, or at the selling price with the addition of a trade margin and..., respectively, with reflection on account 41 “Goods... adding a trade margin. Let’s assume that at Bogatyr LLC the trade margin is...

• Accounting for the sale of finished products and determining the financial result of a catering organization

  Then, in the credit of account 42 “Trade margin”, the amounts of trade discounts and markups on... prices are taken into account as accounting prices; the trade margin is a source of income. ... » 42 “Trade margin” - reversed The trade discount (margin) relating to sold products and goods is written off Trade margin, ... in practice there are several ways to determine the trade margin, however, the most common is... (account 41.2) Using the average percentage, you can determine what trade margin is...

• Your organization buys goods and materials at a discount

  The application of the Chart of Accounts does not provide for debit turnover on account 42 “Trade margin”. If... the resulting discount is written off to the debit of account 90 ... account 60 and at the same time adjust the trade margin in correspondence with the credit of account 42, then the amount of the trade margin... will decrease. But on the score...