Chapter 6

Accounting for revenue and

business result

1
 Purpose of study

• Provide basic knowledge about accounting for revenue and

business result
• Improve learners’ understanding about presentation on financial
statement
• Applied knowledge flexibly to deal with case study and exercise

2
 Learning material

• Vietnamese accounting standard: VAS 02 – Inventory, VAS 14 –

Revenue and other income, VAS 16 – Borrowing expenses, VAS 17
– Corporate income tax…
• Circular 200/TT-BTC dated 22/12/2014
• Chapter 7 – Financial Accounting - text book
• Other related materials

3
 Contents
6.1. Purpose of accounting for revenue, business result and result
distribution
6.2 Accounting for revenue
6.3. Accounting for selling expenses and administrative expenses
6.4. Accounting for financial expenses and financial income
6.5. Accounting for other expenses and other income
6.6. Accounting for corporate income tax expenses
6.7. Accounting for business result and result distribution
6.8. Ledgers, journals and presentation on financial statement

4
6.1. Purpose of accounting for revenue, business result
and result distribution

6.1.1. Some issues related to accounting for revenue and

business result
6.1.2. Management requirement
6.1.3. Purpose of accounting

5
6.1. Purpose of accounting for revenue, business result
and result distribution
6.1.1. Some issues related to accounting for revenue and business
result

- Sales activities in an enterprise include:

+ Finished goods
+ Commercial goods
+ Services

- Sale definition (according to VAS 14)

6
6.1.1. Some issues related to accounting for revenue and business
result
- Classification of sale:
* Based on payment method:
+ Credit sale
+ Cash sale

* Based on transfer date:

+ Sale directly (Whole sale, retail, sale with payment by
installment )
+ Sent on consignment

- Revenue and other income

7
6.1.1. Some issues related to accounting for revenue and business
result

- Expenses
- Business result
- Business distribution

8
6.1. Purpose of accounting for revenue, business result and result
distribution

6.1.2. Management requirement

+ Management of sale plan
+ Management of product quality
+ Management of selling expenses, administrative expenses
+ Management of business result

9
6.1. Purpose of accounting for revenue, business result and result
distribution

6.1.3. Purpose of accounting (Text book)

10
6.2. Accounting for sale
6.2.1. Accounting for cost good sold
6.2.2. Accounting for revenue
6.2.3. Accounting for revenue deduction

11
6.2.1 Accounting for cost of good sold
a. Based on control right transfer
- Sale directly: (**)
+ Buyer go to the enterprises’ warehouse to received goods
according to purchase contract
+ Date of receiving goods and confirming payment
obligation is date of sale completion
- Sent on consignment:
+ Seller sent goods on consignment to agents
+ Date of sale completion: date of goods sales and
confirming payment obligation

12
6.2.1 Accounting for cost of goods sold
b. Cost of good sold calculation
- If the company applies perpetual method
COGS calculation is based on Good issuing Notes
- If the company applies periodic method
COGS calculation is based on the following equation
Cost of
Cost of
goods
Cost goods Cost of
sent on
COGS in of sent on goods Cost of
consig
the perid = invent + consig + receive - inventor - nment
ory at nment d in y at the
at the
the at the the end
end
beg. beg. period

13
c. Account used: (Perpetual method)
* Acc 632: Cost of good sold
Acc 632

+ Cost of good sold in + Transfer cost of good

the period sold to income summary
+… +…

* Acc 157 “ Good sent on consignment”

Acc 157
Cost of goods sent on Cost of goods sent on
consignment in the period consignment has been sold
Cost of goods sent on
consignment at the end 14
c. Account used: (Periodic method)

Acc 632
+ Transfer last month EB of COGS + Transfer cost of finished goods in
+ Transfer last month EB of cost of warehouse at the end
goods sent on consignment + Transfer last month cost of goods
+ Transfer cost of finished goods in sent on consignment at the end
the period + Transfer COGS in the period to
income summary

Acc 157
Transfer cost of finished Transfer cost of finished
goods/services sent on goods/services sent on consignment
consignment at the beginning

Cost of finished goods/services

sent on consignment at the end
15
6.2.1 Accounting for cost of good sold
d1. Common transactions in perpetual method

Acc 154 Acc 632

Finished goods sold directly Acc 155

Returned goods
TK 155

Sent to Sold from the warehouse

wareh TK 157
ouse TK 911
Sent on
consignment
Transfer COGS during the
Sent on consignment Consignment period
immediately after goods are sold
finished production
process
16
6.2.1 Accounting for cost of good sold
d1. Common transactions in periodic method

Acc 155, 157 Acc 632

Acc 155, 157,…
Transfer cost of
goods at the Transfer cost of goods at the
beginning end
Acc 631
Cost of goods Acc 911
manufactured in the
COGS during the period
period

Example 1:

17
 6.2.2. Accounting for sale and output VAT (VAS 14)

6.2.2.1. Types of revenue, revenue recognition criteria

* Types of revenue

• Selling goods
 Acc 511
• Providing services
• Interest income, royalty, dividend and distributed profit  Acc 515

* Revenue recognition criteria (VAS 14)

• Revenue from selling goods - 5 criteria
• Revenue from providing services - 4 criteria
• Royalty, interest income... – 2 criteria

18
6.2.2.1. Types of revenue, revenue recognition criteria

(2). According to customer types

+ External revenue
+ Internal revenue

(3). According to payment term

+ Revenue from cash sale
+ Revenue from credit sale
+ Unearned revenue

19
6.2.2.2 Accounting for revenue
a. Principles for revenue recognition
b. Principles for revenue recognition in some special cases

20
6.2.2.2 Accounting for revenue
c. Source documents and account used
* Source documents :
• VAT invoice (Form No.01-GTKT)
• Sales invoice (Form No.02 - GTTT)
• Payment documents (Receipt note, cheque,...)
• VAT declaration (Form No.07A/GTGT)
• Other related documents

TH¤NG T¦ liªn tÞch

21
 6.2.2.2 Accounting for revenue

c. Source documents and account used

* Used accounts
- Acc 511 – Revenue
- Acc 3331 – VAT payable
- Acc 3387 – Unearned revenue
- Other related accounts (Acc111, 112, 131, 632,...)

22
 Account 511 - Revenue

Acc 511

Special consumption tax, export tax Revenue from selling

và non-deductible VAT goods/providing services
Revenue deduction in the period
Transfer net revenue

+ Notes:

23
* Used accounts
Acc 511 has 6 sub-accounts

- TK 5111 – Revenue from goods provision

- TK 5112 – Revenue from finished goods provision
- TK 5113 – Revenue from service provision
- TK 5114 – Revenue from government grants
- TK 5117: Revenue from investment properties
- TK 5118: Other revenue

24
 Acc 3331– VAT payable

Acc 3331
• Input VAT deducted • VAT payable for sold goods and
•Deductible VAT of services
returned goods • VAT payable for financial activities
• VAT paid to state budget and other activities
• VAT payable on imported goods

VAT payable at the end of period

Sub accounts:

TK 33311: Output VAT

TK 33312: VAT payable on imported goods

25
Acc 3387 “Unearned revenue”

Acc 3387

Transferred Unearned revenue

revenue earned in incurred
the period

Unearned revenue at
the end of period

Other related accounts: Acc 111, 112, 131,…

26
 * Sale for external enterprise (within Vietnam)

1. Sold directly
5. Sold through agency
to customers (**)
(**)

3. Sale of good in 4. Goods sent on

2. Installment sale exchange for other consignment (**)
(**) dissimilar one (**)

* Internal sale (***)

11. Deductible VAT is
deducted (*)
6. Used finished
goods for business
activities (**) 10. Sale with cash
discount
7. biếu tặng sản phẩm H.hóa
cho các tổ chức xã hội (**) 8. Salary payment to
employees by products
27
d. Common transactions
A- If indirect tax payable is recorded separately from revenue

1. Cash sale or credit sale without interest on late payment:

(1a). Revenue
Acc 511 Acc 111, 112
Revenue Payment in cash
(1a) 1
Acc131
Acc 333 (1)
Receivable from
VAT payable customer
(if any)
(1b.) Cost of good sold (Perpetual method)
Acc 154, 155, 156 Acc 632
(1b) COGS

This transaction is not applicable for periodic method 28

Special casas:
- Sale goods with replacement tools
- Inventory are released for promotion or advertisement with
additional conditions that the customers are required to buy goods
(e.g. buy two, get one free, etc)

Example 2:

29
2. Credit sale with interest payment, installment sale
Revenue = Cash sale price
Interest income = Credit sale price – cash sale price

(2a). Revenue
Acc 111, 112
(2a) Received money
Acc 511 from customer
Acc 131
Receivable (2b)
from customers
Acc 333 (1)
VAT (if any)

Acc 515 Acc 3387

Interest
2c

(2b).Cost of goods sold – similar to case (1)

30
Example 3
 3. Dissimilar exchange of goods SĐ 7.6

* Revenue
Acc 131 Acc 152, 153...
Acc 511 Revenue Payable to (3)c Value of
(3)a exchange received goods
parner
Acc 333(1)
VAT
Acc 133
Acc 111, 112 Deductible
VAT
(3)d

* Cost of goods sold

Related Acc Acc 632
COGS
(3)b
Example 4: 31
4. Goods sent on consignment

Cost of good sold

Acc 154, 155, 156

Acc 157 Acc 632
4(a) 4(c)

Revenue

Acc 511 Acc 111, 112, 131

4(b)

Acc 3331

32
 5. Goods sent on consignment with fixed price
a. At consigner’s site
- Cost of good sold
Related Acc. Acc. 157 Acc. 632
5(a) 5(c)

Sent goods on consignment Goods was sold

- Revenue recognition: When goods are sold by consignees .

Case 1: Consignees deduct commission fee before making payment
to consigners Acc. 133
(if any)

Acc. 511 Acc. 641

Revenue Commission
5(b1)
Acc. 111, 112, 131
Acc. 333
(1) 33
VAT
a. At consigners site
Case 2: Commission fee is paid seperately
Acc. 511 Acc. 111,112,
5(b2 ) 131
Revenue
Total sale
Acc. 3331 revenue
Output
VAT Acc. 133
Sau đó tính tiền hoa hồng phải trả cho đại lí
Acc. 111,112 Acc. 641
b. At consignee’s site 5(d)

- When received goods: Record on the detailed journal for goods sent
on consignment
- When sold the goods to customer:

34
 SĐ 7. 10
Case 1: Commission fee is deducted before make payment to
consigners
Acc. 331 Acc. 111,112, 131
Payable to consigner
Acc. 511 Total sale
Commission fee revenue

Acc. 333(1)
Output VAT

Case 2: Commission fee is calculated and paid the end of period

Acc. 331 Acc. 111,112, 131

Total sale revenue paid to

consigner
Acc. 511 Acc. 111,112, 131
At the end of period:
Commission fee
Acc. 333(1)
35
Output VAT
6. Product used for internal usage (i.e. material, tool, fixed assets…)
or for promotion purposes

• Internal revenue

Acc 511 Acc 621, 211, 627, 641, 642

Acc 333 (1) Acc 133

(if any) (if any)

• Cost of good sold

Acc 154, 155 Acc 632

36
7. Used for activities which are financed by fund for employee
benefit
Acc 511 Acc 353
Internal revenue

Acc 333 (1)

(if any)

Acc 154, 155, 156... Acc 632

Cost of good for internal usage

8. Salary payment by products

TK 511 TK 334
Internal revenue

TK 333 (1)
(if any)

37
Cost of goods sold transaction (similar to case 7)
9. Sale with payment discount
Cash sale with payment discount

Acc 511 Acc 111, 112

Acc 333 (1)

Acc 635
(if any) Payment discount

Credit sale with payment discount

Acc 111, 112

Acc 511 Acc 131

Acc 333 (1) At date of When make Acc 635

sale payment
Payment
discount
38
10. Deductible VAT

Acc 133 Acc 333(1)

Deductible VAT

39
B – If the company cannot separate indirect tax in sale transactions
Price is included VAT, import tax and special consumption tax

Acc 111,112,131
Acc 333 Acc 511

Tax payment to State Budget

Acc 111,112 Acc 333

40
6.2.3. Revenue deduction
- Sale discount
- Sale allowances
- Returned goods

41
6.2.3 Accounting for revenue deduction
a. Nature of revenue deductions

Sale discount: ?

Sale allowance: ?

Returned goods:?

42
6.2.3 6.2.3 Accounting for revenue deduction
b. Account used:
Acc. 521 – Revenue deduction: (Article 81 – Circular 200, p.g 378)
Acc. 521
Sale discount, sale Transfer sale discount, sale
allowance and returned allowance and returned goods
goods incurred for net revenue calculation

Acc 521 has 3 TK sub-account:

- TK 5211 - Sale discount

- TK 5212 - returned goods
- TK 5213 - Sale allowance

43
6.2.3 Accounting for revenue deduction transactions

c. Common transactions
(1) Sale discount, sale allowance and returned goods incurred

TK 111, 112 TK 5211, 5213

TK 511
Amount has (2). Transfer
been paid
TK 131 TK 333 (1)
Amount has Reduced VAT
not paid payables

44
 SĐ
(2) Returned goods 7.17

- Revenue deduction from returned goods

Acc 5212 Acc 511
Acc 111, 112
Transfer

Acc 131 Acc 333 (1)

(if any)

- COGS of returned goods

TK 632 TK 155, 156...

TK 111, 112 TK 641

Other related expenses
45
At the end of the period

After recording revenue deduction at time inccurred, accountants

calculate net revenue before transfer to income summary account

Net revenue = Total revenue – Revenue deduction

Acc 911 Acc 511

Transfer

46
6.3. Accounting for selling expenses and
administrative expenses

6.3.1. Accounting for selling expenses

6.3.2. Accounting for adminstrative expenses

47
6.3.1. Accounting for selling expenses
6.3.1.1. Contents
* Definition
*Selling expenses includes:
1) Sale staff expenses
2) Material and packing material expenses
3) Tools and instruments expenses
4) Fixed asset depreciation expenses
5) Warranty expenses
6) Outside services expenses
7) Other expenses

* Notes: Selling expenses incurred is transferred to income

48
summary for business result calculation
6.3.1.2. Accounting for selling expenses
a. Source documents:
- Salary and social insurance allocation sheets
- Material allocation sheet
- Depreciation allocation sheets
- VAT invoice, Sale invoice
- Payment voucher, Credit notes from bank
-….
b. Accounts used: Acc641 – Selling expenses
( Article 91-Cir 200, pg. 418)

49
6.3.1.2. Accounting for selling expenses
b. Accounts used:

Acc 641
- Items reduced selling
Selling expenses expense in the period
incurred in period.
- Transferring “Income
Summary” accounts

TK 6411 - Sale staff expenses

TK 6412 - Material and packing material exp.
Sub
accounts of TK 6413 - Tools and instruments expenses
Acc 641 TK 6414 - Fixed asset depreciation expenses
TK 6415 - Warranty expenses
TK 6417 - Outside services expenses
50
TK 6418 - Other expenses
6.3.1.2. Common transactions

Acc 641
Acc 334, 338
Acc 152, 111,..
(1) (6)
Acc 152,153, 242…

(2)
Acc 214 Acc 911

(3)
(7)
Acc 111, 112, 352…
(4)
Acc 133
Acc 331, 111, …
(5)

51
Flow chart explaination
1. Sales staff’s salary, wages and social insurance, health
insurance, trade union fees…
2. Costs materials/tools and allocation costs of supplies and
tools.
3. Depreciation of fixed assets used for selling and distribution
purposes
4. Provisions for warranty expenses or warranty expenses
incurred without previous provision.
5. Services and other expenses in cash.
6. Reducing selling expenses (Reverse provision…)
7. Selling expenses allocated and transferred to determine
operation result. 52
6.3.2. Accounting for administrative expenses
6.3.2.1.Contents
* Definitions:
*Contents:

1) Administrative staff expenses 5) Taxes, fees and charges

2) Office supply expenses 6) Provision expenses
3) Office equipment expenses 7) Outside services
4) Fixed asset depreciation 8) Other expenses

Notes: Selling expenses incurred is transferred to income

summary for business result calculation

53
6.3.2.2. Accounting for administrative expenses
a. Source documents:
- Salary and social insurance allocation sheets
- Material allocation sheet
- Depreciation allocation sheets
- Tax declaration: License tax,…
- VAT invoice, Sale invoice
- Payment voucher, Credit notes from bank
-….
b. Account used: Acc 642 – Administrative expenses

54
6.3.2.2. Accounting for administrative expenses
Accounts used: TK 642
Administrative - Items reduced selling expense in the
expenses incurred in period
period. - Transferring “Income Summary”
accounts

Sub accounts of Acc 642

Acc 6421 - Administrative staff expenses
Acc 6422 - Office supply expenses
Acc 6423 - Office equipment expenses
Acc 6424 - Fixed asset depreciation
Acc 6425 - Taxes, fees and charges
Acc 6426 - Provision expenses
Acc 6427 - Outside services
55
Acc 6428 - Other expenses
6.3.2.2. Common transactions
Acc 642
Acc 334, 338 Acc 111, 152,…
(1)
(7)

Acc 152,153, 242…

(2)
Acc 911

Acc 214
(3)
(8)
Acc 333
(4)

Acc 2293, 352

(5)
Acc 133
Acc 331,111, …

(6)
56
 Flowchart explanations
1. Office staff’s salary, wages and related social insurance, health
insurance, trade union fees…
2. Costs and allocation costs of supplies and tools.
3. Depreciation of fixed assets used for general administration
purposes
4. Business tax, land rentals and other fees
5. Provisions for doubtful debts and other provision payables for
business restructuring, loss from risky contracts..
6. Services rendered and cash expenses.
7. Reducing administration expenses
8. Administration expenses allocated and transferred to determine
operation result.

57
 Expenses Manufacturing Sales Business
overhead administration

Acc. 627 Acc. 641 Acc. 642

Contents
Employee expenses 6271 6411 6421
Material expenses 6272 6412 6422
Tool expenses 6273 6413 6423
Depreciation expenses 6274 6414 6424
Warranty expenses  6415 
Tax, fee, charges   6425
Provision expenses   6426
Outside services 6277 6417 6427
Other expenses 6278 6418 6428
58
6.4. Accounting for financial income and
financial expenses

6.4.1. Content of financial income and financial expenses

6.4.2. Source documents
6.4.3. Account used
6.3.4. Common transactions

59
6.4.1. Contents of financial income and financial expenses
TRANSACTIONS
Content Financial expenses incurred
1. Interest Part of interest expenses
2. Loss from the investment is deducted from
Financial investment capital
investment Loss from the investment transfer
Expenses related to financial investment
3.Ch.khấu Payment discount paid
thanh toán
4. Chênh - Loss from exchange rate difference
lệch tỉ giá (business activities + construction process)
hối đoái -Loss from revaluating closing balance of
foreign currency monetary items (business
activities + construction process):
4131 635
- Allocate loss from exchange rate
difference (construction before operation)
4132 242 635 ( 5 years)
...
Financial income incurred
Lãi cho vay, lãi tiền gửi
- Dividend, distributed profit ...
- Profit from the investment transfer
Payment discount received
- Profit from exchange rate difference
(business activities + construction process)
-Profit from revaluating closing balance of
foreign currency monetary items (business
activities + construction process):
4131 515
-Allocate profit from exchange rate
difference (construction before operation)
4132 242 635 ( 5 years)
...
60
 6.4.2. Source documents
- Invoices
- Receipt notes, payment notes
- Debit notes, credit notes from bank
- ….

61
6.4.3. Accounts used
Accounts

Acc. 635 – Financial expenses Acc. 515- Financial income

* Acc. 635 - Financial expenses

Acc. 635
Financial expenses Transfer financial
incurred expenses

* Acc. 515- Financial income

Acc. 515

Transfer financial Financial income incurred

income
62
6.4.4. Common transactions

Acc. 221, 222, 228... Acc. 111, 112,...

(2a) transfer financial investment
Acc. 635 2291, 2292
(2b2)Reverse
Acc. 229 provision
(2b1)Make provision Acc. 515
for FX difference Acc. 111, 112, 3387
Acc. 111, 112,...
(1a) Interest expenses (1b) Interest
income
241; 627 Acc. 331, 111, 112
Acc. 131, 111,112 Acc. 911
(3b) payment discount
(3a) payment discount (5a)... (5b)...

Acc. 413 Acc. 413

(4b1) FX difference (4b2) FX difference
242
3387
Acc. 111, 112, 131...
Acc. 152, 211...
(4a) transactions related to foreign exchange incurred 63
6.5. Accounting for other income and other expenses
6.5.1. Content of other income and other expenses
6.5.2. Source documents
6.5.3. Accounts used
6.5.4. Common transactions

64
6.5. Accounting for other expenses and other income
6.5.1. Contents
* Definition of other expenses
* Other expenses includes:
• Expenses relating disposal of fixed assets and their carrying
amount.
• Losses from revaluation of materials, goods and fixed asset
which are contributed in joint ventures, associates…
• Compensations for breaches of contracts;
• Tax penalty;
• Other expenses.

65
6.5.1. Contents

Definition of other expenses:

Other expenses includes:

• Proceeds of disposal of fixed asset;
• Gains from the revaluation materials, goods and fixed asset that are
used to contribute or invest into associates or other long-term
investment;
• Gains from contract compensation by the customers;
• Tax refund from the State Budget;
• Accounts unidentifiable as to whom they are payable;
• Sales-related tips or awards (if any offered by suppliers which are not
included in sales)
• Gifts or donations in cash or in kind by organizations and individuals;
• Other incomes

66
6.5. Accounting for other income and other expenses
6.5.2. Source documents
- Invoices
- Receipt notes, payment notes
- Debit notes, credit notes from bank
- Tax receipt
- ….

67
67
6.5. Accounting for other income and other expenses
6.5.3. Accounts used

Acc. 811- Other expenses

Other expenses Transfer other expenses
incurred

Acc. 711- Other income

Other income Transfer other income

incurred

68
6.5. Accounting for other income and other expenses
6.5.4. Common transactions
Acc. 111,..
Acc. 811 Acc. 711 Acc. 111,…
(1) (2)
Acc. 911

(3a) (3b)

69
6.6 Accounting for current Corporate Income Tax
expenses

6.6.1. Process of current corporate income tax calculation

- Periodically (quarterly)
- End of financial year
- …

70
6.6 Accounting for current CIT expenses
6.6.2. Accounts used
• Acc. 821 – Corporate Income Tax expenses
• Acc. 8211 – current Corporate Income Tax expenses
(Article 95 – Circular 200, pg. 439)

Acc. 8211
- CIT payables charged to current - Current CIT actually paid during year <
income tax expenses during year current CIT temporarily paid
- CIT payables increase due to - CIT payable decrease due to detecting
detecting important errors of insignificant errors of the previous year
previous years - Transferring current CIT expenses to Dr.
- Transferring current CIT 911 “Income Summary”.
expenses to Dr. 911 “Income
Summary”.

71
6.6.3 Common transactions

(3b) At the end of the period, Total

Acc. 111, 112,.. Acc. 3334 debit side < Total crebit side
Acc. 8211 Acc. 911
(1a) Temporary CIT
(3a) At the end
(2) CIT payable
of the period,
payment
Total debit side
(1b1) Remaining CIT
> Total crebit
payable (Final tax
side
declaration...)

(1b) Overpaid CIT (final tax

declaration)

72
6.7. Accounting for business result and profit distribution

6.7.1. Contents
6.7.2. Accounts used
6.7.3. Common transactions

73
 6.7.1. Contents
Definition
From normal business activities

Business result
From other activities

Result from normal business activities

Financi Adminis Financ

Business Net CO Selling ial
= - + al - - trative -
result from exp.
revenue GS income income
normal exp.
business
activities Gross revenue

74
Result from other activities
Result from other activities = Other income - Other expenses

Profit before CIT = Business + Other

result result
Profit after = Profit before CIT - CIT
CIT expenses

CIT expenses = Current CIT + Deferred

expenses CIT expenses

Current CIT = Taxable income x CIT rate

expenses (per tax
regulation)
75
6.7.1. Contents
* Profit distribution
* Business result in a period could be profit or loss
+ If the company makes loss  ….
+ If the company makes profit, profit distribution as
follow:
• Pay dividend for investors
• Pay for previous year’s loss
• Make reserves from remaining amount

* In an enterprise, profit distribution has 2 stages:

Stage 1- Temporary distribution: periodically, distribute profit as
planned before
Stage 2- Final distribution: when the financial year ends

76
6.7.2. Accounts used
Acc. 911, Acc. 421 and other related accounts
*Acc. 911- Income summary

Content:
Transfer revenue, income and expenses for business result

Acc. 911
Transfer expenses Transfer revenue, income
Transfer profit Transfer loss
 * Acc. 421- Undistributed post-tax profit
Content To record post-tax profit/loss and distributed profit/loss of
an enterprise
Acc. 421

- Loss from business activities - Profit from business activities

- Profit distribution - Loss distribution

Undistributed loss Undistributed profit

Acc. 4211 - Undistributed post-

Acc 421 has 2 sub- tax profits of previous year
accounts:
Acc. 4212 - Undistributed post-
tax profits of current year 78
 Acc. 632 Acc. 911 Acc. 511
Transfer COGS
Transfer revenue

Acc. 641,642
Acc. 515
Transfer selling expenses,
Transfer financial
administrative expenses
income
Acc. 635
Transfer financial expenses Acc. 711
Transfer other
Acc. 811 income
Transfer other expenses
Acc. 8212
Acc. 8211, 8212 If Dr. side of acc. 8212 If Dr. side of
>Dr. side of that account acc. 8212
Current CIT expenses, >Dr. side of
Acc. 111, 112 that account
Acc. 4212
Temporary dividend payment,
profit distribution to related parties Transfer profit
Acc. 414, 353, 418,… after CIT
Make temporary reserves
Acc. 3388
Acc. 111, 112 FY end, identify
Dividend preference share Transfer loss
79

payment payables
Additional profit distribution
In next financial year, accountants transfer balance of Acc. 421(2)
to Acc. TK 421(1) and make final profit distribution
Acc. 421(1)
Acc. 111,112 Acc. 338(8) Acc. 136
Dividend, profit Notifications on dividends Profit receivable
payment payment to shareholders or from subsidiaries
profit payment to investors
Acc. 414, 353,418
Final distribution to reserves

Acc. 336, 111, 112

Profit payment to parent company or
to the company’s subsidiaries.

Acc. 411
Retained earnings for business
activities

80
Common transactions on business results
Acc. 911 Acc. 111, Acc. 511,
Acc. 632 112, 131 Acc. 521 Acc. 111, 112
DT

Acc. 635, 641, 642 TK 333(1), Acc. 131,

333(2), 333(3) 136
Acc. 333(4)
Acc. 3387
TK8211, 8212
Acc. 152,
Acc. 515 153
TK 421(2)
Acc. 336 Profit
payment to
parent Transfer Acc. 333(1)
company profit Acc. 711
Acc. 414,
418, 353...
Trích các
quĩ
Acc. 111,
112, 338
Profit
payment
Transfer loss
6.8 Journals/Ledgers and information presentation on
financial statement

6.8.1 Journals/ledgers on revenue, business result and

profit distribution
6.8.2 Information presentation on financial statement

82
6.8.1 Sổ kế toán BH, XĐKQ và PPKQ

* Sổ kế toán chi tiết:

- Thẻ kho, Sổ chi tiết thành phẩm,
- Sổ chi tiết phải thu khách hàng
- Sổ chi tiết TK 155, 632, 511, 521, 641, 642. 635....
* Sổ kế toán tổng hợp:
Hình thức NK- SC:
+ Bảng tổng hợp chứng từ
+ Sổ Nhật ký sổ cái;

Hình thức NKC:

+ Sổ nhật ký chung
+ Sổ nhật ký bán hàng, nhật ký thu tiền…
+ Sổ cái TK 155, 632, 511, 521, 641, 642, 635, 515, 711, 811,
83
911....
 6.8.1 Sổ kế toán BH, XĐKQ và PPKQ

Hình thức CTGS:

- CTGS
- Sổ đăng ký CTGS
- Sổ cái TK 155, 632, 511, 641, 642, 635, 515, 711, 811, 911....
Hình thức NK- CT:
- Nhật ký chứng từ số 8
- Bảng kê số 5, 8, 10, 11
- Sổ cái TK 155, 632, 511, 641, 642, 635, 515, 711, 811, 911....

84
 6.8.2 Presentation on Financial Statement

- Income Statement
- Balance sheets
- Notes

85