It is stipulated that the fixed assets of administrative organs, institutions and social organizations shall not be depreciated. Accounting system of public institutions: account number 120
Fixed assets 1. This course accounts for the original price of fixed assets of public institutions. 2 institutions should be based on the provisions of the fixed assets standards and classification, combined with the situation of the unit, the development of fixed assets directory, as the basis for accounting. 3. The fixed assets of public institutions shall be accounted for according to the following provisions. (1) Fixed assets purchased and allocated shall be accounted for according to the actual purchase price or allocation price, transportation and miscellaneous fees, installation fees, etc. The vehicle purchase surcharge paid in accordance with the regulations is included in the car purchase price. (2) Self-made fixed assets shall be accounted for according to labor, materials and expenses. (3) The fixed assets rebuilt or expanded on the basis of the original fixed assets shall be included in the fixed assets according to the net added value of the expenses incurred in the reconstruction and expansion minus the incomings in the process of reconstruction and expansion. (4) Fixed assets leased by financing shall be accounted for according to the equipment price, transportation and miscellaneous fees and installation fees determined in the lease agreement. (5) Donated fixed assets shall be accounted for according to the market price of similar fixed assets or relevant vouchers provided. The relevant expenses incurred when accepting fixed assets shall be included in the value of fixed assets. (6) Fixed assets with surplus are accounted for at full replacement price. (7) Fixed assets that have been put into use but have not been handed over can be recorded according to the estimated value first, and then adjusted after the actual value is determined. Travel expenses incurred in the process of purchasing fixed assets are not included in the value of fixed assets. 4. Usage of this course: (1) When a public institution purchases fixed assets, it should debit the subjects of "special fund-repair purchase fund", "business expenditure" and "special fund expenditure" respectively according to the source of funds, and credit the subjects of "bank deposit" and "fixed fund" at the same time. (2) the fixed assets donated by the unit shall be debited to this account and credited to the "fixed fund" account. (3) The fixed assets leased by financing shall be debited to this account and credited to the other accounts payable account; When paying the rent, debit the relevant expenditure subjects and credit the "fixed fund" subjects; At the same time, debit "other payables" and credit "bank deposits". (4) The surplus fixed assets shall be debited to the account at the replacement price and credited to the account of "fixed fund". (5) The fixed assets reduced due to scrapping, damage or shortage shall be debited to the "fixed fund" account and credited to the "fixed assets" account according to the original value of the reduced fixed assets. The residual value, incomings and cleaning expenses of the scrapped or damaged fixed assets are all included in the special account of the repair and purchase fund. (6) When selling fixed assets, debit the account of "bank deposit" and credit the account of "special fund-repair purchase fee" according to the actual price received, and debit the account of "fixed fund" according to the original price and credit this account. (7) The transfer of investment in fixed assets shall be handled in accordance with the relevant provisions of the subject of "foreign investment". 5 institutions should set up subsidiary ledger and fixed assets card for detailed accounting according to the classification of fixed assets. Accounting system of administrative units: Article 24 Fixed assets refer to assets with a service life of more than one year and a unit value above the prescribed standard, and basically maintain the original material form during use. Including houses and buildings, special equipment, general equipment, cultural relics and exhibits, books and other fixed assets.
Although the unit price does not meet the prescribed standards, a large number of similar materials used for more than one year should be accounted for as fixed assets.
Fixed assets shall be accounted for according to the actual cost at the time of acquisition or purchase. Inventory surplus and donated fixed assets shall determine the value of fixed assets according to the market price of similar assets or relevant documents.
The net value-added part of the renovation and expansion of fixed assets shall be included in the value of fixed assets.
Fixed assets of administrative units are not depreciated.
Accounting standards for public institutions:
Article 25 Fixed assets refer to assets with a service life of more than one year, a unit value of which is above the prescribed standard, and which basically maintain the original material form during use. Including houses and buildings, special equipment, general equipment, cultural relics and exhibits, books and other fixed assets. Although the unit value can't reach the required standard, a large number of similar assets with a durable time of more than one year should be accounted for as fixed assets.
Fixed assets purchased and constructed shall be accounted for according to the actual cost at the time of acquisition. The interest and related expenses of fixed assets loans and the exchange difference of foreign currency loans shall be included in the value of fixed assets before the final accounts of fixed assets are completed; After the completion of the final accounts, included in the current expenditure or expenses. The donated fixed assets shall be determined according to the market price of similar assets or relevant documents.
Value. The related expenses incurred when accepting the donation of fixed assets shall be included in the value of fixed assets. Fixed assets leased by financing shall be accounted for according to the fixed assets to which they belong, and explained in the notes to the accounting statements. Because of the reconstruction and expansion of fixed assets, the net value-added part should be included in the value of fixed assets. Fixed assets should be counted regularly. The income from the transfer and liquidation of fixed assets and the losses from the scrapping and scrapping of fixed assets should be increased or decreased accordingly. When there is a surplus or loss of fixed assets, the fixed funds shall be increased or decreased accordingly. Article 52 These Standards are not applicable to enterprises affiliated to public institutions. Institutions that have been incorporated into the enterprise accounting system shall be implemented in accordance with the enterprise accounting system. Non-state-owned institutions can refer to this standard.