How to translate materials in fixed assets

The costs associated with reconstruction or acquisition of fixed assets are called capital. Accounting of these costs is carried out using an active account 08 "Investments in non-current assets". On the debit side includes expenditure on the construction or acquisition of fixed assets, loan - to-value fixed assets in operation. The debit balance reflects the cost of unfinished construction.

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Instruction

Apply for a receipt of fixed assets in the organization transactions on the basis of income documents:- Debit of account 08 "Investments into intangible assets", Credit of account 60 "Calculations with suppliers" - capitalized major fundsreceived from the supplier; the Debit of account 19 "VAT on purchased material values," Credit account 60 "Calculations with suppliers" - accounted for VAT on the invoiced main meansM.

Reflect the costs associated with the acquisition of this basic tools, making the transaction: the Debit of account 08 "Investments into intangible assets", Credit of account 60 "Calculations with suppliers" - the posted shipping charges of the basic means.

Make the act of acceptance-transfer of basic funds on forms n OS-1 and OS-2 (for commissioning of buildings and constructions), please fill out the inventory card, assigning numbers to the accounting object in the form №OS-6.

Reflect in accounting the commissioning of primary acquired the funds generated by the initial value posting: the Debit of account 01 "Basic means", Credit of account 08 "Investments in intangible assets".

Keep in mind, when the economic mode of production consumed materials for the construction or reconstruction of fixed assets, preparation of Postings: the Debit of account 08 "Investments in non-current assets", Credit of account 10 "Materials". Refer also to the debit of this account the other costs associated with the construction or reconstruction of fixed assets.

If a construction company performs major work for their own needs, keep in mind in this case, the cost of materials and other costs for capital investments on the account 20 "Primary production". Sleep at the end of the work, the cost of transactions: the Debit of account 90 "Sales", Credit of account 20 "Primary production";- the Debit of account 08 "Investments in non-current assets", Credit of account 90 "Sales".

When calculating VAT on the cost of capital investments made for their own needs, complete your transaction: the Debit of account 08 "Investments in non-current assets", Credit of account 68 (the subaccount "Calculations with the budget on VAT").

Make the act of acceptance-transfer of fixed assets form FA-1 (FA-2). If you made a reconstruction of the basic means, make the act of reception delivery of the repaired, reconstructed, modernized objects №OS-3.

Fill in the details about the overhaul in the inventory card of the accounting of fixed assets. Make the following posting at the end of its construction (major repair): the Debit of account 01 "Basic means", Credit of account 08 "Investments in non-current assets".

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