In accounting all business transactions are recorded using double entry, that is, one and the same operation is recorded twice on one account (debit) and the second (loan). This is called wiring. For example, the organization has acquired the asset. The accountant should reflect this in the following way: Д08 "Investments in non-current assets" K60 "accounts payable". Thus, the score 08 – active and 60 passive. From this we can conclude that the asset is a vehicle (property, materials, value) and a liability – the funds with which you purchased the object. As a rule, balances in asset is always debit, and liability credit. If you add up the momentum of the asset and the liability, they will be equal, but will be written differently – in the debit and the credit. Thus, the same amount will be held twice – on the assets side and the liabilities side. For example, you purchased the materials. To reflect this you must use the debit account 10. It shows which products were purchased. And you need to specify where they came from, for example, you bought them from a supplier, a – 60. Thus, 10 – Aktiv, 60 –passive. The amount of them will be equal. Exists and is active-passive account. From the title you can guess that they can be both active and passive. For example, account 76 "Settlements with debtors" - the balance can be written as debit and credit. Making transaction, you will not be able to overcome active or passive account. Otherwise, you will not agree the balance sheet, this means that any business transaction that you are properly registered. If you provide the balance of the tax Inspectorate, then it will have a lot of questions, because any medium there somewhere, and not at the instant of a magic wand.
Advice 2: What is asset and liability in accounting
People engaged in accounting, know all their activities are built on working with the assets and liabilities. What are these two components?
The assets and liabilities in bookkeeping is the first and the second part of the balance sheet. The set of results collected in a single list in a table with two sides is called the balance sheet.
This table shows the number of economic resources and education in key cash rate for a specified period. For all active accounts accounting visible available funds, and the balance on the active account shows how the funds are distributed, that is, where they are directed.
The passive accounts are visible sources of formation of economic resources. The remains of the passive accounts show how there are funds available. Definitely need to remember that in accounting, the assets and liabilities is the same money, just split into different groups. Hence, the amount of assets will always equal total liabilities. The entire amount of assets (or liabilities) is the "currency balance", but to the currency of other countries this term is irrelevant and only serves to determine the volume of economic activities of a firm. At any time, looking at the balance of the organization, you can obtain information about its cash position. It also shows the estates of the organization on the date of balance sheet. The balance sheet has two parts. In the first part of the property is presented broken down by cells of education is the liabilities, and in the second part the property is presented in appearance, placement and number of items are assets.
Some people think that accounting is very complex and incomprehensible. To some extent this is true, because a large proportion of the accounting profession lies in the study of complex instructions on specifically which accounts and in what sequence to do accounting any work.