Account 154 of unfinished production and business costs is often used to reflect and compare the synthesis of production and business costs to serve the calculation of product and service costs at enterprises that regularly apply the method of accounting and inventory declaration. To be able to grasp the principles, structure, and content of accounting for account 154 of unfinished production and business costs according to Circular 200, please read the article of MISA MeInvoice .
Accounting system according to the latest circular 200 Excel file
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1. Principle of account 154: production kuwait telegram data and business costs in progress
2. Structure and content of account 154
2.1. For the debtor
2.2. For the party with
3. Method of applying account 154
3.1. In industry
3.2. Accounting methods for some major economic transactions in the industry
3.3. In agriculture
3.4. Accounting methods for some major economic
transactions in the agricultural sector
3.5. In the service industry
3.6. Accounting methods for some major budgets we promise there will be a economic transactions in the service industry
3.7. In the construction industry
3.8. Accounting methods for some major canada data economic transactions in the construction industry
4. Conclusion
1. Principle of account 154: production and business costs in progress
– Regarding Article 27 of Circular 200/2014/TT-BTC issued on December 22, 2014 on the enterprise accounting regime, regulations on account 154 are stipulated. When accounting and declaring account 154 – unfinished production and business costs, the following principles must be ensured.
– This account is used to reflect the total production and business costs for calculating the cost of products and services in enterprises applying the regular declaration method in inventory accounting. In enterprises applying the periodic inventory method in inventory accounting , account 154 only
reflects the actual value of unfinished products and services
– Account 154 “Work in progress” reflects the production and business costs incurred during the period; production and business costs of the volume of products and services completed during the period; unfinished production and business costs at the beginning and end of the period of main and secondary production and business activities and outsourcing processing at manufacturing enterprises or at service enterprises. Account 154 also reflects the production and business costs of production, processing, or service provision activities of commercial enterprises, if these types of activities are organized.