What are low-value consumables? What are the classifications?

Low-value consumables refer to various appliances that are not accounted for as fixed assets, such as tools, management appliances, glassware, packaging containers, etc. used in the business process.

Classification of low-value consumables:

(1) production equipment. Refers to all kinds of production tools used in the process of property management, such as trolleys, pickaxes, ash hoppers, etc.

(2) management appliances. Refers to all kinds of furniture used in management and service, such as tables, chairs, cabinets, etc.

(3) labor supplies. Refers to all kinds of labor protection articles used to protect workers' labor safety in the process of property management, such as work clothes, safety helmets, rain boots, safety belts, etc.

Characteristics of low-value consumables in extended data;

1. Low-value consumables refer to artificial materials whose unit value is more than 10 yuan and less than 2,000 yuan, or whose service life is less than one year, and cannot be used as fixed assets.

2. It is similar to fixed assets. It can be used many times in the production process without changing its physical form. It also needs maintenance when it is used, and there may be residual value when it is scrapped.

3. Because of its low value and short service life, we adopt a simple method to spread its value into the product cost. In the new accounting system in 2006, packages and low-value consumables were merged into packages and low-value consumables, and the account number was 14 12.

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