items - Assets h ¿ ˙ Current assets h ¿ ˙ Cash and cash...

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Unformatted text preview: Assets h ¿ ˙ Current assets h ¿ ˙ Cash and cash equivalents 1001 � Cash 1002 h ¿ ˙ Cash in bank 1009 h ¿ ˙ “ * Other cash and cash equivalents '100901 h ¿ ˙ Other city Cash in bank '100902 h ¿ ˙ Cashier's cheque '100903 h ¿ ˙ Bank draft '100904 � � Credit card '100905 h ¿ ˙ “ * L/C Guarantee deposits '100906 h ¿ ˙ “ Refundable deposits 1101 h ¿ ˙ Short­term investments '110101 � Short­term investments ­ stock '110102 � Short­term investments ­ corporate bonds '110103 � Short­term investments ­ corporate funds '110110 � Short­term investments ­ other 1102 � � � � � � � � Short­term investments falling price reserves � � Account receivable 1111 h ¿ ˙ Note receivable h ¿ ˙ “ * Bank acceptance h ¿ ˙ “ * Trade acceptance 1121 h ¿ ˙ Dividend receivable 1122 h ¿ ˙ Interest receivable 1131 h ¿ ˙ Account receivable 1133 h ¿ ˙ “ Other notes receivable 1141 h ¿ ˙ Bad debt reserves 1151 h ¿ ˙ Advance money 1161 h ¿ ˙ “ Cover deficit by state subsidies of receivable h ¿ ˙ Inventories 1201 h ¿ ˙ Supplies purchasing 1211 � � Raw materials 1221 � � Wrappage 1231 h ¿ ˙ “ Low­value consumption goods 1232 h ¿ ˙ “ * Materials cost variance 1241 h ¿ ˙ “ Semi­Finished goods 1243 h ¿ ˙ Finished goods 1244 h ¿ ˙ “ * Differences between purchasing and selling price 1251 h ¿ ˙ “ * Work in process ­ outsourced 1261 h ¿ ˙ “ * Trust to and sell the goods on a commission basis 1271 h ¿ ˙ “ * Commissioned and sell the goods on a commission basis 1281 h ¿ ˙ “ * Inventory falling price reserves 1291 � � � � � � � � Collect money and send out the goods by stages 1301 h ¿ ˙ Deferred and prepaid expenses Long­term investment 1401 F • “ * Long­term investment on stocks '140101 F • Investment on stocks '140102 F • “ * Other investment on stocks 1402 F • “ * Long­term investment on bonds '140201 F • Investment on bonds '140202 F • “ * Other investment on bonds 1421 � � � � � � � � Long­term investments depreciation reserves � � � � � � � � Stock rights investment depreciation reserves � � � � � � � � Bcreditor's rights investment depreciation reserves 1431 F • Entrust loans '143101 � Principal '143102 � Interest '143103 F • Depreciation reserves 1501 F • Fixed assets � Building � � Structure F • Machinery equipment F • Transportation facilities F • Instruments and implement 1502 F • Accumulated depreciation 1505 � � � � � � � � Fixed assets depreciation reserves � � � � � � � � P ; Building/structure depreciation reserves � � � � � � � � Machinery equipment depreciation reserves 1601 F • Project goods and material '160101 F • Special­purpose material '160102 F • Special­purpose equipment '160103 F • “ * � Prepayments for equipment '160104 � � � � � � � � P ; k Preparative instruments and implement for fabricate 1603 F • Construction­in­process F • Erection works F • “ Erecting equipment­in­process F • “ * Technical innovation project F •“ General overhaul project 1605 � � � � � � � � Construction­in­process depreciation reserves 1701 F • “ * Liquidation of fixed assets 1801 F • Intangible assets � � Patents F • “ Non­Patents � � Trademarks, Trade names � � Copyrights F •“ Tenure � Goodwill 1805 � � � � � � � � Intangible Assets depreciation reserves Patent rights depreciation reserves ( » ˙ “ * � trademark rights depreciation reserves 1815 ( » ˙ “ *� Unacknowledged financial charges ( »˙ “*� Wait deal assets loss or income 1901 ( » ˙ “ * Long­term deferred and prepaid expenses 1911 ( » ˙ “ * � Wait deal assets loss or income 191101 � � � � � � � � Wait deal intangible assets loss or income 191102 � � � � � � � � Wait deal fixed assets loss or income ( »˙ “ Liability ( » ˙ Current liability 2101 ( » ˙ Short­term borrowing 2111 ( » ˙ Notes payable ( » ˙ “ * Bank acceptance ( » ˙ “ * Trade acceptance 2121 ( » ˙ Account payable 2131 ( » ˙ Deposit received 2141 ( » ˙ “ Proxy sale goods revenue 2151 ( » ˙ Accrued wages 2153 ( » ˙ “ Accrued welfarism 2161 ( » ˙ Dividends payable 2171 ( » ˙ Tax payable '217101 ( » ˙ “ value added tax payable '21710101 ( » ˙ Withholdings on VAT '21710102 ( » ˙ Paying tax '21710103 ( » ˙ “ * � Unpaid VAT changeover '21710104 ( » ˙ Tax deduction '21710105 ( » ˙ Substituted money on VAT '21710106 ( » ˙ Tax reimbursement for export '21710107 ( » ˙ “ * Changeover withnoldings on VAT '21710108 ¨ i j ‚ “ * � � — h F Export deduct domestic sales goods tax '21710109 ( » ˙ “ * � Overpaid VAT changeover '21710110 ( » ˙ “ Unpaid VAT '217102 ( » ˙ “ Business tax payable '217103 ( » ˙ “ Consumption tax payable '217104 ( » ˙ “ Resources tax payable '217105 ( » ˙ “ Income tax payable '217106 ( » ˙ “ * � Increment tax on land value payable '217107 � � � � � � � � Tax for maintaining and building cities payable '217108 ( » ˙ “ Housing property tax payable '217109 ( » ˙ “ * � Tenure tax payable '217110 ¤ F • “ * � Vehicle and vessel usage license plate tax(VVULPT) payable '217111 ¤ F • “ * � Personal income tax payable 2176 ¤ F • “ Other fund in conformity with paying 2181 ¤ F • “ Other payables 2191 ¤ F • Drawing expense in advance ¤ F • Other liabilities 2201 ¤ F • “ * Pending changerover assets value 2211 ¤ F • Anticipation liabilities ¤ F • Long­term Liabilities 2301 ¤ F • Long­term loans � � � � � � � � 8: Long­term loans due within one year � � � � � � � � 8: Long­term loans due over one year 2311 ¤ F • Bonds payable '231101 ¤ F • Face value, Par value '231102 ¤ F • Premium on bonds '231103 ¤ F • Discount on bonds '231104 ¤ F • Accrued interest 2321 ¤ F • “ Long­term account payable ¤ F • “ * � Accrued financial lease outlay � � � � � � � � 8 : Long­term account payable due within one year � � � � � � � � 8: Long­term account payable over one year 2331 ¤ F • “ Special payable � � � � � � � � 8 : Long­term special payable due within one year � � � � � � � � 8: Long­term special payable over one year 2341 ¤ F • Deferral taxes � �� �� � �� OWNERS' EQUITY � Capital 3101 � � � ( � � ) Paid­up capital(or stock) ¤ F • Paicl­up capital ¤ F • Paid­up stock 3103 ¤ F • “ Investment Returned � 3111 ¤ F • Capital reserve '311101 � ( � � ) � Cpital(or Stock) premium '311102 � � � � � � � � 8 : k Receive non­cash donate reserve '311103 ¤ F • “ * Stock right investment reserves '311105 ¤ F • Allocate sums changeover in '311106 � � � � � � � � Foreign currency capital '311107 ¤ F • “ * Other capital reserve 3121 ¤ F • Surplus reserves '312101 ˙ “ * Legal surplus '312102 ˙ “ * Free surplus reserves '312103 ˙ “ Legal public welfare fund '312104 ˙ Reserve fund '312105 ˙ “ * Enterprise expension fund '312106 ˙ “ * Profits capitalizad on return of investment � Profits 3131 ˙ Current year profits 3141 ˙ Profit distribution '314101 ˙ Other chengeover in '314102 � � � � � � � � Withdrawal legal surplus '314103 ˙ “ * � Withdrawal legal public welfare funds '314104 ˙ “ * Withdrawal reserve fund '314105 � � � � � � � � Withdrawal reserve for business expansion '314106 � � � � � � � � 5 k Withdrawal staff and workers' bonus and welfare fund '314107 ˙ “ * Profits capitalizad on return of investment '314108 ˙ “ * � Preferred Stock dividends payable '314109 � � � � � � � � Withdrawal other common accumulation fund '314110 ˙ “ * � Common Stock dividends payable '314111 � � � ( � � ) ˙ “ * Common Stock dividends change to assets(or stock) '314115 ˙ “ Undistributed profit ˙“ Cost 4101 ˙ Cost of manufacture '410101 ˙ “ * Base cost of manufacture '410102 ˙ “ * Auxiliary cost of manufacture 4105 ˙ Manufacturing overhead � � Materials ˙ “* Executive Salaries � Wages � � Retirement allowance � Bonus ˙“ Outsourcing fee � � Employee benefits/welfare �� Coferemce ˙ Special duties ˙“ Business traveling � � Correspondence � � Correspondence ˙“ Water and Steam � Taxes and dues Rent � � Maintenance H J • “ Vehicles maintenance � � Vehicles maintenance � � Education and training � � Entertainment H J • “ * Books and printing � Transpotation � � Insurance premium H J • “ Commission � Sundry charges � � Depreciation expense H J • “ Article of consumption H J • “ Labor protection fees H J • “ * � Loss on seasonality cessation 4107 H J • Service costs H J • “ Profit and loss � Income H J • OPERATING INCOME 5101 H J • “ * Prime operating revenue H J •“ * Sales revenue H J • Service revenue 5102 H J • “ * Other operating revenue H J • Sales materials �� � H J • “ Wrappage lease � � ������ Remise right of assets revenue H J • “ Reimbursement of income tax H J • Other revenue 5201 H J • Investment income H J • “ * Current investment income H J • “ * Long­term investment income � ���� � �� i j Withdrawal of entrust loans reserves 5203 H J • Subsidize revenue � � � � � � � � Subsidize revenue from country H J • “ * Other subsidize revenue 5301 H J • “ NON­OPERATING INCOME � ��� �� � � Non­cash deal income H J • Cash overage � �� �� �� � Net income on disposal of fixed assets � � � � � � � � Income on sales of intangible assets Fixed assets inventory profit F • “ Net amercement income � Outlay F • Revenue charges 5401 F • “ * Operating costs F • “* Cost of goods sold F • Cost of service 5402 � � � � � � � � p Tax and associate charge � � Sales tax � � Consumption tax F • “ *� Tax for maintaining and building cities � � Resources tax F •“ Increment tax on land value 5405 F • “ * Other business expense � � � � � � � � Other cost of material sale F • “ * Other cost of service � � � � � � � � p i Other tax and associate charge � Expenses 5501 F • Operating expenses F • “ Consignment commission charge � � Transpotation � � Insurance premium � � Exhibition fees � � Advertising fees 5502 F • Adminisstrative expenses F• Staff Salaries � � Repair charge F •“ * Article of consumption � � Office allowance � � Travelling expense F • Labour union expenditure F •“* Research and development expense � � Employee benefits/welfare F• “ * Personnel education F • “ Unemployment insurance F •“ Labour insurance F •“ Medical insurance � � Coferemce F •“ *� Intermediary organs � � Consult fees � � Legal cost F •“ Business entertainment F • “ Technology transfer fees F •“*� Mineral resources compensation fees Pollution discharge fees � � Housing property tax H J • “ Vehicle and vessel usage license plate tax(VVULPT) H J • “ Tenure tax � � Stamp tax 5503 H J • Finance charge H J • Interest exchange H J • Foreign exchange loss H J • “ Charge for trouble � � � � � � � � Special­borrowing cost 5601 H J • “ Nonbusiness expenditure H J • Donation outlay H J • “ Depreciation reserves H J • Extraordinary loss � �� � ��� � Net loss on disposal of fixed assets � � � � � � � � Loss on sales of intangible assets H J • “ * Fixed assets inventory loss H J • “ * Loss on arrangement H J • Amercement outlay 5701 � � Income tax � � � � �� � � Prior year income adjustment � Cash in hand H J • Cash in bank H J • “ * ­ � � � Other monetary assets ­ cash in other cities H J • “ * ­H J • Other monetary assets ­ cashier‘s check H J • “ * ­H J • Other monetary assets ­ bank draft H J • “ * ­ � � Other monetary assets ­ credit cards H J • “ * ­H J • “ * Other monetary assets ­ L/C deposit H J • “ * ­H J • “ Other monetary assets ­ cash for investment � � � ­H J • Investments ­ Short term ­ stocks � � � ­H J • Investments ­ Short term ­ bonds � � � ­H J • Investments ­ Short term ­ funds � � � ­H J • Investments ­ Short term ­ others � � � � � � �� Provision for short­term investment H J • “ * ­H J • Long term equity investment ­ stocks H J • “ * ­H J • “ * Long term equity investment ­ others H J • “ * ­H J • Long term securities investemnt ­ bonds H J • “ * ­H J • “ * Long term securities investment ­ others � � � � � � � � Provision for long­term investment H J • Notes receivable H J • Dividends receivable Interest receivable ( J • Trade debtors � � � ­ ( J • Provision for doubtful debts ­ trade debtors ( J • Prepayment ( J • “ Allowance receivable ( J • “ Other debtors � � � ­ ( J • “ Provision for doubtful debts ­ other debtors ( J • “ * Other current assets ( J • Purchase � � Raw materials � � Packing materials ( J • “ Low value consumbles ( J • “ * Material cost difference ( J • “ Self­manufactured goods ( J • Finished goods ( J • “ * Difference between purchase & sales of commodities ( J • “ * Consigned processiong material ( J • “ * Consignment­out ( J • “ * Consignment­in � ��� � ��� Goods on instalment sales ( J •“* Provision for obsolete stocks ( J • Prepaid expenses � � ���� �� Unsettled G/L on current assets � �� �� � � � Unsettled G/L on fixed assets � � � ­ � Consignment loan ­ principle � � � ­ � Consignment loan ­ interest � � � ­( J • Consignment loan ­ provision � � � ­( J • “ Fixed assets ­ Buildings � � � ­( J • Fixed assets ­ Plant and machinery � � � ­� � � � � � � � Fixed assets ­ Electronic Equipment, furniture and fixtures � � � ­( J • Fixed assets ­ Automobiles ( J • Accumulated depreciation � � � � �� � � Impairment of fixed assets �� � ­( J • Project material ­ specific materials � � � ­( J • Project material ­ specific equipment � � � ­( J • “ * � Project material ­ prepaid for equipment � � � ­� � � � � � � � o Project material ­ tools and facilities for production ( J • Construction in progress � � � � � � � � Impairment of construction in progress ( J• “ * Disposal of fixed assets � � � ­ � � Intangible assets ­ patent � � � ­( J • “ Intangible assets ­ industrial property and know­how � � � ­ � � Intangible assets ­ trademark rights � � � ­( J • “ Intangible assets ­ land use rights ­ � Intangible assets ­ goodwill � � � � � � � � Impairment of intangible assets ¨˙“* Deferred assets ¨ ˙ “*� Unrecognized finance fees ¨ ˙ “* Other long term assets ¨ ˙“* Deferred assets debits ¨˙ Notes payable ¨˙ Trade creditors ¨˙ Adanvances from customers ¨ ˙“ Consignment­in payables ¨ ˙“ Other payable to government ¨ ˙“ Other creditors ¨˙ Proposed dividends ¨ ˙ “* Donated assets ¨˙ Accrued liabilities ¨ ˙ “* Short­term debentures payable ¨ ˙ “* Other current liabilities ¨˙ Accrued expenses ¨˙ Payroll payable ¨˙“ Welfare payable � � � ­¨ ˙ Bank loans ­ Short term ­ pledged � � � ­¨ ˙ Bank loans ­ Short term ­ credit � � � ­¨ ˙ Bank loans ­ Short term ­ guaranteed � � � � � � � � 8 Long term loans due within one year � ���� � �� 8 Long term payable due within one year ¨˙ Bank loans ­ Long term � � � ­¨ ˙ Bond payable ­ Par value � � � ­¨ ˙ Bond payable ­ Excess � � � ­¨ ˙ Bond payable ­ Discount � � � ­¨ ˙ Bond payable ­ Accrued interest ¨ ˙“ Long term payable ¨ ˙“ Specific payable ¨ ˙“* Other long term liabilities � � � ­ � � Tax payable ­ income tax � � � ­ � � Tax payable ­ VAT � � � ­ � � Tax payable ­ business tax � � � ­ � � Tax payable ­ consumable tax � � � ­ � Tax payable ­ others ¨ ˙ “* Deferred taxation credit � Share capital ¨˙“ Investment returned � � � ­¨ ˙ Profit appropriation ­ other transfer in � � � ­� � � � � � � � Profit appropriation ­ statutory surplus reserve � � � ­¨ ˙ “ * � Profit appropriation ­ statutory welfare reserve ­ L • “ Profit appropriation ­ reserve fund � � � ­� � � � � � � � Profit appropriation ­ enterprise development fund � � � ­� � � � � � � � ‘ e j Profit appropriation ­ staff bonus and welfare fund � � � ­ L • “ * Profit appropriation ­ return investment by profit � � � ­ L • “ * � Profit appropriation ­ preference shares dividends � � � ­� � � � � � � � Profit appropriation ­ other surplus reserve � � � ­ L • “ * � Profit appropriation ­ ordinary shares dividends � � � ­� � � � � � � � ‘ e Profit appropriation ­ ordinary shares dividends converted to shares L • “* � Retained earnings, beginning of the year � � � ­ L • Capital surplus ­ share premium � � � ­� � � � � � � � ‘ e j Capital surplus ­ donation reserve � � � ­ L • “ * Capital surplus ­ cash donation � � � ­ L • “ * Capital surplus ­ investment reserve ��� ­ L • Capital surplus ­ subsidiary � � � ­� � � � � � � � Capital surplus ­ foreign currency translation � � � ­ � Capital surplus ­ others ��� ­ L • “ *� Surplus reserve ­ statutory surplus reserve �� � ­ L •“ *� Surplus reserve ­ other surplus reserve �� � ­ L •“ Surplus reserve ­ statutory welfare reserve � � � ­ L • Surplus reserve ­ reserve fund � � � ­ L • “ * Surplus reserve ­ enterprise development fund � � � ­ L • “ * Surplus reserve ­ return investment by investment L • “ * Sales L •“* Cost of sales � � � � � � � � ‘ Sales tax L • Operating expenses L• General and administrative expenses L• Financial expenses L • Investment income L •“* Other operating income L • “ Non­operating income L• Subsidy income L •“ * Other operating expenses L • “ Non­operating expenses � � Income tax ...
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This note was uploaded on 02/19/2011 for the course BUS 201 taught by Professor Tomos during the Spring '11 term at Indian Institute Of Management, Ahmedabad.

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