Instruction
1
To calculate the net profit you will have at the end of the specific fiscal year in order to determine the performance of the company during the year. She is the ultimate financial result is taken into account at the expense of the 99 chart of accounts. To calculate the net profit by the following formula:
2
The net profit for a particular accounting period = Profit from sales of products (core activities) Income from other activities – the Amount of income tax (it must be calculated in accordance with the requirements of RAS 18/02 and the tax code) – Penalties assessed for violation of tax legislation.Therefore, with increasing total profits include:- the Amount of payments under the profit tax;
- Tax penalties.
3
Loan 99 account you have to reflect accounting profit before tax (i.e. before tax on profit), formed by all the rules of accounting at the end of the reporting year. While debit 99 account you have to reflect the different penalties for tax offenses and the sum of conditional income tax expense in the profit that you needed to be calculated in accordance with the requirements set out in paragraph 20 of PBU 18/02.
4
On the last day of each year 99 account should be closed, that is, there must be a reformation of the balance sheet. The amount received by the enterprise net profit deducted with 99 accounts in credit of account 84 "retained earnings".
5
You should make the following Postings:D 99 To 84 - when you write off a net profit of a particular accounting year;
D 84 To 99 - when you write off the loss of the reporting year.Then the amount received should be reflected in the form No. 2 of financial statements - "profit and loss" in the relevant "Net profit of the year".