In order to properly conduct accounting, you need to understand the terminology. The same principle applies here as in the well-known expression “Learn materiel.”
That is, before doing anything, need to be competent in this very matter. And accounting is no exception to this rule. Let's start with something simple and try to explain everything in the most accessible language.
An accounting loan and a bank loan are two different things, and when working in accounting, it will be better if you completely forget the meaning of the word loan in everyday life.
Even the stress in the word “credit” falls on different syllables in these two areas. In banking, the stress falls on the last syllable, as in French, that is, the letter “I,” and in accounting, the stress falls on the first syllable, that is, the letter “E.” You need to be able to separate concepts so that you don’t get confused about their meanings later.
Now let's talk about the meanings of these two words, which are the basis in accounting. Again, do not confuse the meaning with banking operations, because the words “Debit” and “Credit” exist in this area.
In accounting, the word “Debit” in simple words means cash receipt, A consumables are called I am “Credit”, but don’t think that everything is so simple. These two concepts are more interconnected than they initially seem.
There is a rule in accounting that if a certain amount goes out, then it must come in. Which can be simply explained like this: If money leaves one magazine, then another magazine must be created for this money to come into it.
Let's try to understand it with an example. You have one accounting book, and you give a certain amount of money to the supplier for the goods. This amount must be recorded 2 times!
To do this, we will record this amount for the first time in our accounting book under the word “Credit”, since the money has left our pocket. And for the second entry, we need to create another journal for the supplier to whom this money came, but we will record it under the word “Debit”.
It is worth clarifying as an example we take working with money and describe everything in a simple way, but in real accounting not only cash is recorded, but also goods and property.
Using the same example, we can analyze everything again. You made 2 entries of money leaving your pocket and coming into the supplier’s pocket, but for this money the supplier must give you something in return. We will first record this product in the supplier’s journal under the word “Credit” and then in our accounting book under the word “Debit”.
This method of accounting is called double wiring from the word “double”, that is, write twice.
Record structure
After we have understood the basic concepts, we need to understand in what form this double wiring is recorded.
It has long been the case that Debit and Credit are written in two different columns, and the faster you remember and learn to use it quickly, the faster and better you will begin to keep your accounting records.
The left column is for incoming funds and property and is called “Debit”, and the right column is for outgoing funds and property and is called “Credit”.
You need to know this in order to easily navigate in the future, because there can be many accounts into which you need to enter information, but in each there is one scheme and one rule: Incoming money is in the left column, and outgoing money is in the right column.
What is Balance
So, now we have looked at the most basic concepts of accounting and found out how to keep records correctly, however, this is not all the knowledge that will be useful to you in this matter. Let's turn to the concept of balance.
Balance there are two types: debit balance and credit balance. In simple terms, this is account balance at the end of the month. Let's try to understand it with an example. To do this, let’s again take two accounts: our account and the supplier’s account.
We agreed with the supplier that we would pay for half of the goods this month, and the second half next month, and the full amount of the entire goods is twenty thousand rubles. So, first we write down the amount that we transferred, that is, ten thousand rubles. Don’t forget to write it down twice to our account and to the supplier’s account.
The supplier, in turn, brings us goods worth twenty thousand rubles - we write it down. Let's assume that there will be no transactions between our accounts this month, and let's sum up the results for the month.
To do this, subtract the smaller number from the larger number of each account. Thus, ten thousand rubles went out of our account on Credit, but goods worth twenty thousand rubles arrived on Debit. It turns out that the final balance on our account is Debit, since more funds came in than went out.
The supplier account is a different story. We transferred him ten thousand, but he brought us goods for twenty thousand. We subtract the smaller from the larger and get a final balance of ten thousand under the Credit. Such a record does not allow you to forget about your debts and helps you quickly calculate your profits.
Conclusion
Thus, we analyzed with examples main points of introducing accounting.
But remember that in real accounting the count may be several dozen and the complexity will increase several times, but there is nothing that cannot be understood.
The terms “debit” and “credit” are familiar to almost every person, even those not associated with accounting. However, what exactly is meant by them is not known to everyone. At the same time, these concepts are needed not only by specialists, since they help streamline financial flows not only in an enterprise, but also in the personal budget of each family.
Debit-credit in simple words
Debit and credit are central concepts in accounting. These terms were known 500 years ago. The first mentions of them date back to medieval Italian entrepreneurship. Knowledge of Latin will help you understand these terms better. So, debet means “they owe me”, and credit means I owe.
Credit and debit denote monetary amounts, as well as material assets in monetary terms. In the simplest words, debit represents profit from the results of the operation of the enterprise, and credit represents expenses for individual items: wages, materials, maintenance of the management apparatus, etc.
At the same time, to organize the information, monetary amounts are assigned to one or another account depending on whether it is an incoming or outgoing transaction, on the period of placement of funds, on the purpose of the amount of money, etc.
Accountants and other interested parties use a special Chart of Accounts, which is regularly updated. We will get acquainted with accounts in more detail in the next section.
From a graphical point of view, debit and credit are entries in a table on the left or right side.
Active and passive accounting accounts, subaccounts
To understand the concepts in detail, you should take a short excursion into the basics of accounting. The concepts of debit and credit are closely related to active and passive balance sheet accounts. Therefore, let's understand these terms first.
Accounting is maintained at every enterprise and is necessary to reflect movements in accounts. The latter are divided into three types:
- active;
- passive;
- active-passive.
On active accounts those amounts that are at the disposal of the organization are taken into account. They are divided by type. According to the Chart of Accounts, several codes are distinguished: from 01 (“Fixed assets”) to 97 (“Deferred expenses”).
Let's look at some of the nuances associated with active accounts:
- they only have a debit balance at the beginning or end of the period;
- for a loan, transactions are recorded based on the expenditure of assets, and for a debit, transactions are recorded based on income.
- the active part of the balance displays the balance. It means the presence of an asset in monetary terms.
- To calculate the final balance for the period, you should subtract the credit turnover from the sum of the balance of the opening and debit turnover.
Passive accounts combine the sources of the amounts recorded for the asset. Let us note the following nuances associated with them:
- in credit, entries indicate an increase in sources, and in debit - their decrease (remember that for active accounts everything happens the other way around);
- the balance can only be a credit balance (as opposed to active accounts);
- To find out the balances at the end of the period, you should calculate the sum of the balance of the initial and credit turnover and subtract the debit turnover from it.
Accounts can also be active-passive. If the active account displays the organization’s funds, and the passive account displays their sources, then the active-passive account can be indicated in two opposite balance sheet lines. Depending on the company’s performance, they may also contain balances that are indicated on only one side.
To record correctly, each situation should be analyzed separately. For example, if amounts are classified as liabilities, then movement in the account occurs as in a passive account, and vice versa. Here are examples of active-passive accounts:
- settlements with entities that can be both debtors and creditors;
- retained earnings or loss;
- financial results of the activities of a business entity.
In addition to the accounts discussed above, there are also subaccounts. They are intermediate links between analytical and synthetic accounts. They help group indicators.
Double entry in accounting
This is another important term that is useful for understanding the essence of debit and credit. This method is an accounting method that is the basis for the formation of information about recorded objects.
In the balance sheet of any organization, the same amount is reflected in the debit of one account, but also in the credit of another. In this case, the accounts interact with each other, or correspond. It is called correspondence of accounts.
Please note that any transaction is reflected on the basis of primary documents. They confirm this operation. Double entry allows stakeholders to understand the sources of funds and their distribution.
As a result, the asset should always be equal to the liability on the balance sheet. This shows the accuracy of the accounting entries.
Video explains what double entry is in accounting:
Balance sheet
To better understand debit and credit, let's look at the organization's balance sheet. This is the fundamental form of reporting for any enterprise or bank. It displays the company's funds in monetary terms on a specific date. At the same time, other forms of reporting are prepared for the balance sheet, explaining and explaining its data. The balance sheet reflects active transactions first, then passive ones.
There are strict standards for completing balance sheet items. Accounting accounts serve as sources of information. Each of them has two parts: debit and credit. Every accounting account has an opening balance, or balance. Subsequently it decreases or increases. You can set the ending balance at any time. To do this, add the amount of the increase to the original balance. And subtract the amount of reduction from the resulting balance.
One of the main rules of accounting is that any information must be documented. Therefore, information is entered into the balance sheet based on data from the relevant reports.
Another important point: when reflecting the financial result, full months are taken into account, which is associated with the monthly closure of accounts.
Assets are divided according to time: short-term and long-term. They can accordingly be negotiable or non-negotiable. Liability items are divided into equity and borrowed capital. Borrowed capital consists of short-term and long-term liabilities.
Let us note the following nuances that are important for drawing up the organization’s balance sheet:
- the value of the items “fixed assets” and “intangible assets” is indicated after deduction of depreciation;
- the amount of inventories is reduced by the amount of created reserves and the trade margin;
- balance sheet items that account for credit obligations and financial investments are divided by maturity;
- detailed display of receivables and payables in assets and liabilities.
How is debit different from credit?
Now you can fully introduce the concepts of debit and credit.
For active and passive accounts, debit and credit will be different. Thus, a debit represents the receipt of funds in active accounts, and a credit records expenditure transactions in active accounts. On passive accounts, everything happens the other way around.
To better understand the terms, let's look at the accounting entries. Accounting entries represent the movement of funds across accounts, which is reflected in the balance sheet using the double-entry method. To do this, income is reflected on the left side of the table, and expenses are reflected on the right. Those. Dt (debit) is recorded on the left, and Kt (credit) is recorded on the right.
With the help of these tables, any operation performed by the organization is recorded. The important thing is that they are displayed in both the right and left columns at the same time.
The main difference between these two concepts is that a credit is a decrease in the assets of a business, and a debit is an increase.
A credit is reflected in liabilities as an increase in the company's liabilities, and a debit shows their decrease.
The easiest way to show the differences between the accounts is with an example. We will present it in the next section.
Debit and credit plastic card
The concepts of debit and credit are also important for understanding the basic functioning of plastic cards. Currently, almost every resident of the country has at least one card. Such cards can be divided into two main types:
- debit;
- credit
Everyone knows about a credit card. This is access to an account from which an entity can borrow a certain amount of money (limit). However, not everyone knows that a regular card to which salaries are received is a debit card.
Let's remember what debit is. This is when “we are owed”. Therefore, according to debit card its holder receives amounts of money (for example, the same salary).
At the same time, at the request of the holder, it can be used, that is, he can spend funds above the account balance by an agreed amount, i.e. and “go into minus.” He will be able to return the funds to the bank the next time he credits the card. They will be written off automatically.
The main purpose credit card– in spending funds that do not belong to its holder, i.e. he takes them on credit (remember, the translation of credit from Latin is “I owe”).
All this makes a credit card an excellent alternative to a cash loan. However, the interest rate on it is significantly higher. At the same time, many banks offer a preferential interest-free lending period.
Thus, debit and credit are fundamental accounting terms. They are important for drawing up a balance sheet and implementing the double entry method.
Video - double entry in accounting, what is it:
Many people find accounting difficult to understand, confusing and even mysterious! But nothing is impossible and it is possible to understand even such a complex subject. Let's try to understand two basic terms on which, in principle, the entire accounting system rests.
Origin of terms
The words themselves " debit" And " credit"came to us from the Latin language. Word " debit" means debt, and " credit" - believe. And from an accounting point of view, a debit means an increase in an asset (cash, materials, fixed assets) and a decrease in a liability (loan obligations, retained earnings, authorized capital), and a credit, on the contrary, means a decrease in an asset and an increase in a liability. That's right, it's not just the income and expenses of the enterprise. It is worth knowing that, unlike the banking sector, where borrowed funds are called loans, the accounting term “ credit"pronounced with emphasis on the first syllable!
For the first time, the double entry system in accounting was proposed by the mathematician Luca Pacioli back in 1494. In fact, he did not invent anything new - he simply systematized the accounting system that was then accepted among merchants. In a nutshell, double entry means that one transaction action is reflected in two accounting accounts at once, using debit and credit.
Let us clarify right away - the company accounts for all assets and liabilities in accounting accounts regulated by the Chart of Accounts, approved back in 2001. In this Plan, each asset and liability is named and has its own number. Materials are accounted for on account No. 10, settlements with customers - on account No. 62. Accountants say "10th account" and "62nd account". All business transactions of the company related to its activities are reflected in these accounts using postings. What is wiring? This is exactly the same double entry using debit and credit of these accounts!
Debit and credit for dummies using an example
Let's try to understand these concepts. Let's take a separate business transaction, the example of which will clearly show how double entry is made and how debit and credit are used.
For example, an organization paid a supplier for a shipment of goods. It is obvious that her accounts receivable, that is, the amount that third parties or organizations owe her, has increased - the part of the funds transferred from the current account was debited by the accountant to account 60, “Settlements with suppliers and contractors.” At the same time, the company lost part of its assets, because a certain amount left the current account, and the asset in account 51 – “Current Account” – decreased.
Accounting is a strict, clearly structured system that does not tolerate discrepancies. Since ancient times, it has been the case that when recording a business transaction, the posting always looks like this: first there is a debit, then a credit. Now accountants actively use computer programs, but even there, when opening a business transaction, you can easily observe this posting structure - in the table we will see a debit on the left and a credit on the right.
So, our posting will look like this: Debit 60 Credit 51, “Payment to supplier for goods.”
Next, the company received the paid goods from the supplier. What happened? First of all, the asset of the organization called “Goods”, account 41, increased, because the quantity of goods in the warehouse increased. And at the same time, the supplier’s receivables to the company decreased - again, account 60 appears, but for a loan.
Debit 41 Credit 60, “The supplier delivered previously paid goods.”
This is how the double entry system works, and you can clearly see how the debit and credit of accounts are recorded.
Mezentseva Vasilisa
The ability to control your expenses, income, competently manage funds and keep accurate records of them - not only an accountant, but also an ordinary citizen should have these properties. After all, his future well-being will depend on the correct distribution of financial resources. Incoming and outgoing transactions are carried out repeatedly every day. Information about what debit and credit are in simple language will allow you to freely navigate the financial situation of both a large enterprise and an individual family.
The responsibilities of an organization's accountant include the correct reflection of each transaction relating to the receipt or expenditure of funds. Debit, credit, balance are the main words without which accounting is impossible. Even issuing a regular bank card implies the need to understand what a loan is and what the essence of the differences between certain banking transactions described in account statements is.
General meaning of the term
To understand how to define debits and credits, it is necessary to clarify basic accounting terms and their actual application. The word “debit” is a borrowing from the German language, but many believe the original source is the word debitum from Ancient Rome, translated meaning “debt”.
In its modern meaning, the word “debit” is primarily associated with taking into account all activities related to the financial and property position of the enterprise, which is reflected in accounting. With the help of accounting, the management of an enterprise will be able to correctly determine profit after deducting expense items from income.
The concepts of credit and debit, what they are in simple words, will help in studying the financial condition of the enterprise. For an accountant, the debit of active accounts means income, and the credit is associated with recording expenses. When it comes to passive accounts, the meanings of these concepts are opposite. Thus, when determining a particular accounting transaction, it is important to classify an account as active or passive.
Debit includes profit from any activity (commercial, industrial, etc.), sales, sale of services and products. The loan includes the reflection of expenses for the purchase of raw materials, payment of wages, etc.
For an accountant, the most important thing is to correctly post transactions. The information must be reflected in the accounting account, a table consisting of two columns with records of expenses and receipts of funds. This table is a method of accounting that reflects the turnover of funds in the form of double entries.
Learning the double entry method will help you distinguish and correctly classify it as a credit or debit. The fact is that debit in accounting involves reflecting each operation related to the activities of the organization in both columns, but with different meanings.
If we talk about what debit and credit are in accounting through the eyes of a simple layman, then in this case the information is entered in two columns: for each transaction there are two entries in both columns.
The goal of any accountant is to find out the remaining funds after expenses are deducted from the income. Accounting allows you to display the difference in the sum of all entries, in other words, determine the balance for a specific period.
When income is greater than expenses, the balance is reflected in the table with an active account and is called a debit account. If expenses are higher than the enterprise's income, the balance is recorded in a passive account as a credit balance.
A comparison will help you understand the situation with the company’s financial transactions. A profitable organization has an account with excess debits on active accounts. When deriving the ending balance to determine the final profit or loss for an annual period, the intermediate value (for example, when deriving the balance for a quarter) does not play any role. Thus, debit and credit serve to derive the final value, allowing you to evaluate the work of the enterprise and clarify the amount of net profit.
The simplified meaning of debit can be seen in the analogy with such types of services as a debit card or an account and a credit card for bank customers.
The essence of a debit card is the storage and use of the holder's funds. Only the amount that is in the account is used. Debit plastic is used to receive salaries, other transfers, benefits, government payments with further management of finances (non-cash expenses and cash withdrawals). At the same time, a debit card allows you to receive income on the balance, which is also credited to the card account.
Credit card
The main purpose of a credit card is to obtain additional finance that the client needs. Lending allows you to satisfy current needs for funds with the possibility of spending funds non-cash or by withdrawing cash. However, like any loan, a credit card will require expenses associated with paying for financial services and using bank funds.
Opening and using a bank account also involves the need to understand the state of the client’s finances, which is reflected in the statement provided by the credit institution. The bank statement contains information about the movement of funds - receipts and debits.
You can only receive a bank statement showing a specific transaction the next day after the transaction is completed.
A bank statement of an enterprise is a document with information about the account number, bank details, as well as a table with data on all transactions on a specific account (type of transaction and amount). The debit and credit amounts that relate to a particular account are shown in two separate columns. The debit column reflects the write-offs that have occurred, the credit column indicates the amounts credited. For an accountant, this statement allows you to monitor the movement of the account, and in case of discrepancies, ask for clarification from the servicing bank.
In this article we will look at debit and credit in accounting. Let's find out what debit and credit are. Let's figure out how to determine the debit and credit of an account.
The main terms in accounting are debit and credit, since it is on their basis that all accounting is constructed and all transactions are posted to corresponding accounts. Both debit and credit are inherent in each of the accounts, since through them the main accounting mechanism is implemented - the principle of double entry.
What role do debit and credit play?
Debit and credit are the main account parameters according to which accounting is carried out. It should be noted that both the first and second are characteristics of the same account, that is, they apply to absolutely all accounting accounts. Debit refers to the left side of an account and credit refers to the right side, and their interaction results in the calculation of the balance (or total) of the account.
The main function of debit and credit is to display any economic and financial transaction on accounting accounts, and here two accounts are certainly affected, that is, the principle of double entry is implemented. In other words, if an action is reflected in the debit of one account, then it must also be reflected in the credit of another account.
Account structure and characteristics
Any accounting account is a kind of table divided into two columns - debit (left) and credit (right). The amount for any operation can be assigned either to the right or to the left column, depending on what specific action needs to be reflected.
The total of the account, that is, its balance is also displayed by debit or credit, and is designated debit or credit. Its characteristics are determined by which account the result belongs to.
As for the parameter of accounts, they can be active, active-passive and passive, depending on the category they belong to - assets or liabilities of the company.
- Active accounts are accounts that reflect the movement of an organization’s assets, that is, the placement of funds in the active part of the ledger. balance. For active accounts, the total is displayed in the debit of the account, also the increase is shown in the debit, and the decrease in the credit;
- Passive accounts are used to display the sources of capital formation of the company, as well as obligations to other persons - creditors, the state, individuals. Passive accounts always have a credit balance, reflected in the right column of the account. This balance reflects the amount of funds from which the company’s capital was formed or what obligations it has in conducting its financial and economic activities. The credit of the account reflects its increase, and the debit of the account reflects its decrease. The ending balance will also be a credit balance;
- Active-passive accounts are a rather interesting category of accounts, since, depending on the situation, they can have both a debit and a credit balance. They display both the company’s assets and the sources of its formation.
How to determine the debit and credit of an account
To determine where the account is debited and credited when carrying out any operation, it is necessary to analyze what exactly this action reflects. If it involves an increase in the company’s property, as well as receivables from other persons, then this amount should be debited to a certain account. At the same time, accounts receivable are what is owed to us.
If an action involves an increase in the company’s liabilities or an increase in its authorized (share) capital, then it is displayed on the credit of the account and acts as accounts payable. At the same time, accounts payable are what we owe.
For a more complete understanding and definition of the debit and credit of an account, you should always remember that the debit is on the left side and the credit is on the right side of the account. As for where exactly the amount for the transaction should be attributed, it should be understood that it will be simultaneously reflected in two accounts - the debit of one and the credit of the other. When performing one operation, two actions can be observed at once in two versions:
- growth of the company's assets and reduction of liabilities;
- decrease in company assets and increase in liabilities.
It should be noted that these are not the only options when an active account is correlated with a passive account in correspondence. In practice, there are other transactions, for example, they can be formed from two active accounts - this is subject to the operation recorded in accounting.
Reconciling debits with credits and identifying the result
Note that initially the account may or may not have a balance, and if there is one, it is also used in calculating the final balance. The reduction of debit and credit with the conclusion of the final balance is carried out using a simple mathematical formula, which can be presented in the following form:
S-to con. = C-beginning + Increase – Decrease
Let us derive a formula for calculating the final result for active and passive accounts. It may look like this:
Derivation of the ending balance is not just a mathematical calculation of the total amount. The ending balance is a definite statement indicating the fixation of the result, for example, “at the end of the month, the amount of funds in the bank account amounted to 1 million rubles.”
“Airplane” - a simple form of balance calculation
Almost every accountant knows what they are talking about when they talk about an “airplane” for calculating account balances. This is a simple colloquial name for the scheme that is used to determine the total of an account. Schematically, the “airplane” can be depicted in the following way:
- for active account
- for passive account
By substituting the values into this “airplane” and using the mathematical formulas presented above, you can calculate the ending balance for each account.
Posting examples
The following transactions can be considered as examples of transactions:
- D-t 51 K-t 50 – cash proceeds deposited into the current account;
- D-t 10 K-t 60 – materials received from the supplier;
- D-t 70 K-t 50, 51 – wages were paid through the cash register or sent to salary cards.
Note that in the first example there are two active accounts, and one of them increases and the other decreases. In the second case, the active account 10 “Materials” increases, and the active-passive account 60 “Settlements with suppliers and contractors” also increases. In other words, the amount of materials at the enterprise increases, but the accounts payable to the supplier also increases.
In the third case, passive account 70 “Settlements with personnel for wages” decreases, and cash accounts also decrease. Simply put, wages owed to staff are reduced because money is spent from the cash register or current account.
Special forms of off-balance sheet accounts
In the chart of accounts, there are special accounts, called off-balance sheet accounts, for which the principle of double entry is not used. In other words, they have debits and credits, but they do not correspond with each other or with the main accounting accounts.
Receipts to the account are reflected as a debit, and write-offs as a credit. These accounts are necessary to reflect property that is not the property of the enterprise. They do not participate in the main accounting and are not reflected in the balance sheet, but rather serve to assist the accountant in reflecting specific transactions that are not typical for the organization. These accounts also have an ending balance which is calculated as:
Balance = Beginning balance + turnover according to D-tu – turnover according to K-tu
Due to the fact that these accounts are somewhat special in relation to the main chart of accounts, their balance is always debit and cannot in any way be credit.
An example of making transactions for one account with displaying the balance on it
LLC “Entrepreneur” has a balance of materials at the beginning of the month in the amount of 500 units. in the amount of 500,000 rubles. During the month of May, the company purchased an additional 100 units. in the amount of 100,000 rubles. from the counterparty Spectr LLC, paying for the purchase through a bank account. During the same month, materials were transferred to production in the amount of 300 units. in the amount of 300,000 rubles.
Corresponding entries will be presented in the following form:
- D-t 10 K-t 60 (RUB 100,000) – purchased materials were received from the counterparty;
- D-t 60 K-t 5 (RUB 100,000) – materials paid from a bank account;
- Dt 20 Kt 10 (RUB 300,000) – materials transferred for production;
- D-t 43 K-t 20 (RUB 600,000) – manufactured products are capitalized in the warehouse.
The balance (result) on account 10 “Materials” (active account) for the month of May will be calculated as follows:
Balance = 500,000 + 100,000 – 300,000 = 300,000 rub. However, not all transactions used in this action contain 10 accounts, and therefore they will be reflected in other corresponding accounts.
Debit and credit in accounting: 4 important questions about debit and credit accounts
Question No. 1. How exactly do you understand whether an account is active or passive? If, for example, there is some operation that needs to be reflected in accounting, and the attribution accounts are known, what should be put as a debit and what as a credit?
Answer: In order to decide which account is active or passive, you need to use the chart of accounts, which, as a rule, indicates this characteristic. In addition, you can use standard transactions and, based on them, create correspondence for the operation that needs to be carried out.
The main thing is to understand what kind of operation is being carried out and what it represents, that is, what exactly is decreasing or increasing. Based on this information, you should choose where it will be reflected - on the debit or credit of the account.
Question No. 2. Is the list of off-balance sheet accounts a strictly regulated list or is it possible to somehow adjust it?
Answer: The organization has the right to supplement the list of off-balance sheet accounts if there is an objective need for this. In the main chart of accounts, they cannot be changed; you can only adjust the subconto, that is, further decoding in the context of one account.
Question No. 3. Do you need to use the entire chart of accounts that is available in your accounting?
Answer: The organization has the right to develop a working chart of accounts, which specifically indicates which accounts it will use in accounting for its financial and economic activities. This working chart of accounts must be approved by the head of the enterprise.
Question No. 4. Where in the 1C program can you see “airplane” diagrams for accounts?
Answer: These diagrams are used by the accountant independently as additional assistance in posting information on transactions, and therefore they are not contained in 1C software products. However, the principle that is used in the schemes for calculating the final balance can be observed in various reports, for example, in account cards, balance sheets, payroll statements.