Advice 1: How to put the balance land

After taking possession of the land it must be recorded on the balance sheet. This procedure is regulated by the current legislation. In order to capitalize the land and to put it on the balance sheet of the company need to have information about its cost, to have a certificate of title and to make the act of taking the land.
How to put the balance land
You will need
  • - valuation of land;
  • - transfer act;
  • - certificate of ownership of the land.
Instruction
1
For the production of the land in balance find out first the cost. It should be mentioned in the documents of the disclosing party or the contract of purchase and sale. If the value of the land is unknown, conduct a peer-review using the normative price of land. Note that the cost of land is not reflected on the balance sheet if the organization has received from the state on rights to use. For example, agricultural enterprises consider the land allocated by the state on pozoblanco accounts.
2
Analytical accounting of land spend in hectares pre-arranging it by type of land (hayfields, arable land, orchards, HOMESTEAD land Fund, etc.).
3
Having determined the carrying value of land (net of VAT), organize a special Commission of experts on land issues in order to capitalize the land and to sign the act. This document have specially designed government form 111-APK. In the act reflect the full characteristics take on balance of land: their kind, size, location, and information about fertility, the basis for the acquisition, the carrying amount, configuration, etc.
4
After the signing of all members of the Commission give its approval to the Director, and then pass to the accounting Department for enrollment of land to fixed assets.
5
Make specific notes about your new acquisition in the land registry book. The act, together with the certificate of ownership on the new site, apply for financial help and keep safe.
6
In accounting, land will reflect on the account 01-6 "the Land plots and objects of nature management" in correspondence with account 91.
7
Under current legislation fertility of land over time should not deteriorate, so depreciation land is not depreciated.

Advice 2: How to put on the balance sheet fixed assets

Some organizations are in the process of its business activities, acquire different property. If these assets have a useful life of more than a year, they are the major means. Before use, they must be taken into account, i.e. to put the balance and assign an inventory number.
How to put on the balance sheet fixed assets
Instruction
1
The first thing you need to do is to take an accounting of fixed assets. This is done on the basis of supporting documents. Correspondence, accounts differ depending on the source of income, but are initially recognized on account 08 "Investments in non-current assets". Remember that fixed assets shall be registered only on original cost is written off gradually through depreciation. Such cost includes all costs associated with the acquisition, net of VAT.
2
If an asset received from a vendor, do the wiring:
Д08 K60 – paid value of the asset to the vendor.
This entry is made on the basis of the invoice, waybill or other document.
3
If the assets come into the organization in the form of investments in the authorized capital, record:
Д08 К75.1 – include the receipt of the OS from the founder on account of share capital.
4
After the principal funds are received, they must be put into operation. For this purpose make an order (order), and then based on it make the act of acceptance-transfer of fixed asset (form №FA-1, FA-1 or FA-1B).
5
Next, you need to make inventory cards to determine the inventory number of the asset. The order code definition the asset must be stated in the accounting policy of the organization. Note that if the property consists of several parts with different useful lives, then an inventory number you assign different. After that, the code indicated in the card (form № OS-6, n OS-6A, FA-6b).
6
In order to reflect the commissioning of the accounting record:
Д01 К08 – commissioned fixed assets.
Useful advice
Monthly you need to charge depreciation, i.e., depreciation. Also they need every month to pay the property tax.
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