Accounting processing of fixed assets of public institutions General accounting processing of fixed assets purchased by public institutions: 1. To purchase fixed assets that do not need to be installed, according to the determined fixed asset cost, borrow: Fixed assets loan: Non-current assets fund-fixed assets at the same time

, borrow according to the actual payment amount: business expenses/operating expenses/special funds - repair and purchase fund loans: financial subsidy income/zero balance account amount/bank deposits 2. To purchase fixed assets that need to be installed, first go through the "Under Construction"

Project "account accounting. When the installation is completed and delivered for use, borrow: fixed assets, loan: non-current assets fund - fixed assets, and at the same time, borrow: non-current assets fund - construction in progress, loan: construction in progress, how to calculate the fixed assets of public institutions?

The accounting of fixed assets of public institutions generally adopts the form of double entries. The expenditure for purchasing fixed assets is recognized as current expenditure when the purchase price is actually paid or the repair and purchase fund in the special fund is reduced, and the original value of fixed assets and non-current assets are increased at the same time.

Fund. When accruing depreciation, the non-current asset fund corresponding to the fixed assets is reduced period by period. When the fixed assets are disposed of, the non-current asset fund is reduced accordingly. When a public institution obtains fixed assets, it shall be recorded according to its actual cost. The purchased fixed assets

The cost of an asset includes the purchase price, relevant taxes and fees, as well as transportation fees, loading and unloading fees, installation and commissioning fees and professional service fees that are attributable to the asset incurred before the fixed asset is delivered for use. Accounting processing of fixed assets of public institutions

How to deal with it? In fact, after reading the relevant introductory information mentioned by the editor above, I believe everyone knows that the fixed assets of public institutions are included in the fixed assets account in accounting processing, and only the fixed assets that need to be installed are included in the accounting.

Let’s deal with the accounts of projects under construction first; there is a lot of information on the accounting processing of public institutions on this website. You are welcome to pay attention to this website.