What are the accounting entries for the installation of monitoring equipment by property companies?

In order to strengthen security, property companies generally install corresponding monitoring equipment in residential areas. When installing monitoring equipment, it is generally included in the accounting of fixed assets. How to make relevant accounting entries?

Accounting entries of property installation monitoring equipment

Monitoring equipment can be regarded as an accounting entry of fixed assets:

Borrow: fixed assets-monitoring equipment

Loans: bank deposits, etc.

What are fixed assets?

Fixed assets are tangible assets with the following characteristics: they are held by enterprises for producing goods, providing services, renting or managing, and their service life exceeds one fiscal year. Fixed assets are generally divided into productive fixed assets, unproductive fixed assets, leased fixed assets, unused fixed assets, unnecessary fixed assets, financing leased fixed assets and donated fixed assets.

The recorded value of fixed assets includes purchase price and related taxes (including customs duties, deed tax, farmland occupation tax, vehicle purchase tax, etc. ), transportation fees, loading and unloading fees, installation fees and professional service fees that can be attributed to fixed assets before reaching the scheduled usable state.

Fixed assets should be depreciated monthly. Fixed assets newly added in the current month are not depreciated in the current month, but depreciated from next month; Fixed assets reduced in the current month will still be depreciated in the current month, and will not be depreciated from next month.

How to understand bank deposits?

Bank deposit refers to the currency deposited by enterprises in banks and other financial institutions, and cash refers to the inventory currency used for daily sporadic payment. Bank deposit is an asset account, accounting for the amount of bank settlement account in an enterprise. The ending balance generally appears on the debit side, indicating the increase of the company's bank deposits.

Under special circumstances, the balance may also appear in the credit. At this time, it means that the company has outstanding accounts, which need to be adjusted by preparing the bank reconciliation statement, and also need to check whether there are errors (such as wrong direction, repeated expenditure records, etc.). ).