Hello, I'm sorry, I'm a property accountant, and I want to ask about the bookkeeping of low-value consumables. I don't know how to make entries for low-value consumables.

1. When purchasing low-value consumables, the accounting entries are:

Borrow: reusable materials-low-value consumables (inventory)

Loans: bank deposits

Second, the recipients put into use:

Borrow: reusable materials-low-value consumables (in use)

Loan: revolving materials-low-value consumables (inventory)

3. There are generally three distribution methods: 1, one-time write-off method (usually used for low-value consumables), and 2. 55 amortization method (usually used for low-value consumables and high-value consumables), 3. Multiple amortization method (usually used for high-value and low-value consumables). The accounting entries in the amortization period are as follows:

Borrow: management fee

Loan: revolving materials-low-value consumables (amortization)

After the amortization is completed, it will not be amortized and can be left in the account.

Fourth, scrap

When scrapped, it should be recorded and the original value and amortization value should be transferred out. If there is any unamortized amount, it should be transferred to profit and loss.

Borrow: management fees (if there is any unpaid amount, such as under the 50-50 amortization method)

Borrow: revolving materials-low-value consumables (amortization)

Lending: revolving materials-low-value consumables (in use)