Form working capital statement on the accounts of synthetic accounting. It must contain a column with the account name and the three pairs of columns to calculate debit and credit for the initial balance, the turnover for the period and ending balance. Based on the data of the previous reporting period, make the debit and credit figures for the opening balance.
Determine the turnover for the reporting period. On the basis of accounting data enter the amounts of the debits and credits for each account. Verify that the amounts match with the primary documentation. Otherwise mistakes can lead to inaccuracies in the abandonment of the annual balance sheet.
Analyze the nature of the account for which you want to determine the ending balance. They are divided into active, passive and actively-passive. This must be done because the procedure for calculating the balance at the end of the reporting period, they have different.
Calculate the ending balances for active accounts. Income on these accounts is recorded on the debit side and the outflow – credit. When calculating the balance at the end of the month you need to debit initial debit balance to add and subtract momentum credit momentum. The result is the number of beds debit balance on an active account.
Calculate the ending balance for all accounts. Reflection of receipts and Disposals for it affects credit and debit, respectively. In this regard, at the end of the reporting period, the credit is calculated the ending balance that is equal to the initial amount of the credit balance and credit turnover less the debit turnover.
Determine the ending balance for an active-passive accounts who have both a credit and a debit side. To do this, first it is necessary to sum the initial debit balances and transactions and subtract them from the credit indices. If the resulting value is greater than zero, then it refers to debit the final balance, and if less, then the loan without minus.
Advice 2: How to determine the active-passive account
Active-passive account is an accountused in accounting, which simultaneously affect the assets or the company assets and liabilities, sources of its formation. Active-passive account has characteristics of both active, and passive the accounta, ie the balance will be reflected on the debit and the credit.
On the active-passive accountOh considered indicators that can take positive or negative value. For example, at the expense ofe 99 "Profits and losses" reflects the indicator of financial result of the current period. It can take a positive value, and then there is a profit, and negative, in which we talk about the loss.
When defining active-passive accountand remember that they he may have unilateral balance (either debit or credit) and bilateral (debit and credit). Account 99 is the expense of one-way balance. When the excess of income over expenditure, i.e. the profit, the balance is reflected on the loan and refers to the liabilities side of the balance because profit is a source of assets. Conversely, in the presence of losses of balance is reflected in the debit account.
To active-passive accountof am include the expense of 60 "RAaccounts with suppliers and contractors", 62 "RAaccounts with buyers and customers", 71 "RAaccounts with accountable persons", 75 "RAaccounts with the founders," 76 "RAaccounts with different debtors and creditors", etc.
The General scheme of operations in an active-passive accountAh can be represented as follows. On the opening balance on the debit reflects the existence of accounts receivable on the accounting period beginning respectively on the loan – creditor. Turnover on the debit represents an increase of receivables and decrease in payables and, to the contrary, the credit reflects the increase in accounts payable and decrease in receivables.
For example, at the expense ofe 60 firm takes into account the RAaccounts with two counterparties. While one of the suppliers made advance payments in the amount of 100 thousand rubles., and the second needs 30 thousand rubles. Thus, the debit accountand will reflected the advance (accounts receivable), credit debt (accounts payable). At the same time remains in an active-passive accountof am are shown in expanded form, as rolled-up amounts can lead to inaccurate presentation of financial statements.
The main active-passive accounts are: 71 "Calculations with accountable persons"; 75 "Calculations with founders"; 76 "Calculations with different debtors and creditors"; of 99 "Profits and losses". Active-passive account can be located both in assets and in liabilities.
Regarding account 99, which were previously regarded as passive, you must say the following: all businesses operating with the main objective of making a profit, but if for some reason they have a loss, in this case the score becomes 99 active-passive. Consider the example of how to keep records of account 99 "Profits and losses".