Chapter 6

Accounting for revenue and

business result

1
 Learning materials

• Vietnamese accounting standard: VAS 02 – Inventory, VAS 14 –

Revenue and other income, VAS 16 – Borrowing expenses, VAS 17
– Corporate income tax…
• Circular 200/TT-BTC dated 22/12/2014
• Chapter 7 – Financial Accounting - text book
• Other related materials,…

2
 Contents
6.1 Accounting for revenue
6.2. Accounting for cost of goods sold
6.3 Accounting for selling expenses and
administrative expenses
6.3. Accounting for financial expenses and financial
income
6.4. Accounting for other expenses and other income
6.5 Accounting for corporate income tax expenses3
 6.1 Accounting for revenue

6.1.1 Definition
6.1.2 Recognition criteria
6.1.3 Measurement
6.1.4 Accounting for sales and sales
deductions

4
 6.1.1
6.1.1 Revenue
Revenue -Definition
-Definition
Revenue
Revenue isis the
the gross
gross inflow
inflow of of economic
economic benefits
benefits
during
during the
the period
period arising
arising in
in the
the course
course ofof the
the ordinary
ordinary
activities
activities of
of anan entity
entity when
when those
those inflows
inflows result
result in
in
increases
increases inin equity,
equity, other
other than
than increases
increases relating
relating to
to
contributions
contributions from
from equity
equity participants
participants (VAS (VAS 0101 ––
Framework)
Framework)

5 5
 6.1.2 Revenue recognition points
– Manufacturing Cycle

6
 6.1.2 Revenue – Recognition criteria
Specific rules for recognition of revenue from sales of
goods (VAS 14)
a.The entity has transferred to the buyer the significant risks
and rewards of ownership of the goods;
b.The entity retains neither continuing managerial
involvement to the degree usually associated with ownership
nor effective control over the goods sold;
c.The amount of revenue can be measured reliably;
d.It is probable that the economic benefits associated with the
transaction will flow to the entity; and
e.The costs incurred or to be incurred in respect of the
transaction can be measured reliably.
7
 Example 6.1

• If the business received $45,000 in cash for

goods sold in the year and was owed $5,000
for sales on credit at the end of the year,
what was the income for the year?
• $50,000
• $45,000
• $40,000

8
 6.1.3 Revenue – Measurement
Revenue shall be measured at the fair value of the
consideration received or receivable
•Net sales=Total sales-Sale deductions
.
•Revenue to be received: Revenue shall be determined by
converting the nominal value of amounts receivable in future into
the actual value at the time of turnover recognition at the current
interest rates. The actual value at the time of revenue recognition
may be smaller than the nominal value receivable in future.
Eg 6.2: N company sells goods with a cost of 100,000 to M
company for 140,000 and a credit period of six months. N
company’s normal cash price would have been 125,000 with a
credit period of one month or with a 5,000 discount for cash on
delivery
9
 6.1.3 Revenue – Measurement
Revenue shall be measured at the fair value of the
consideration received or receivable
.
•Exchange of goods or services:
+Goods or services of a similar nature are exchanged, no
transaction has occurred and no revenue is recognized.
+ Goods or services of a dissimilar nature are exchanged,
a revenue transaction is recognizes at the fair value of the
goods or services received. If such fair value is not readily
determinable, revenue is recognized at the fair value of
the goods given up or services provided. In both cases,
revenue is adjusted for any cash or cash equivalent
transferred. 10
 Revenue Deductions
• Trade discount is the amount of money that enterprise
credited or paid to customers who bought goods and services
in large volume in accordance with the agreement that the
seller will give trade discount to the buyer.
• Sales returns is the amount of goods sold which have
subsequently been returned due to the following reasons:
breaching the commitment or the economic contract, or in a
wrong quantity, quality or specifications.
• Sales allowance is a reduction made when the goods are not
the same specification as those mentioned in the economic
contract.
• Taxes: VAT in direct method, export duty
11
 6.1.4 Accounting for revenue and revenue
deductions
Source documents and accounts used
* Source documents :

• VAT invoice (Form No.01-GTKT)

• Sales invoice (Form No.02 - GTTT)
• Payment documents (Receipt note, cheque,...)
• VAT declaration (Form No.07A/GTGT)
• Other related documents

TH¤NG T¦ liªn tÞch

12
6.1.4 Accounting for revenue and revenue
deductions
Accounts used:
.
Acc. 511 – Revenues
Acc. 521 – Sale deductions:
Acc. 5211 Trade/Sales discounts
Acc. 5212 – Sales returns
Acc. 5213 – Sales allowances
Acc. 333 – Tax and statutory obligations
Acc 3387 – Unearned revenue

13
Account 511 - Revenue

Acc 511

Special consumption tax, export tax Revenue from selling

và non-deductible VAT goods/providing services
Revenue deduction in the period
Transfer net revenue

14
* Used accounts
Acc 511 has 6 sub-accounts

- TK 5111 – Revenue from goods provision

- TK 5112 – Revenue from finished goods provision
- TK 5113 – Revenue from service provision
- TK 5114 – Revenue from government grants
- TK 5117: Revenue from investment properties
- TK 5118: Other revenue

15
 Acc 3331– VAT payable

Acc 3331
• Input VAT deducted • VAT payable for sold goods and
•Deductible VAT of services
returned goods • VAT payable for financial activities
• VAT paid to state budget and other activities
• VAT payable on imported goods

VAT payable at the end of period

Sub accounts:

TK 33311: Output VAT

TK 33312: VAT payable on imported goods

16
Acc 3387 “Unearned revenue”

Acc 3387

Transferred Unearned revenue

revenue earned in incurred
the period

Unearned revenue at
the end of period

Other related accounts: Acc 111, 112, 131,…

17
 BASIC TRANSACTIONS

1. Sold directly
to customers
6. Sale with cash discount

3. Sale of goods in 5. Goods sent on

2. Installment sale exchange for other consignment
dissimilar one

4. Finished goods
for business
activities

18
1. Cash sale or credit sale without interest on late payment:
(1a). Revenue
Acc 511 Acc 111, 112
Revenue Payment in cash
(1a) 1
Acc131
Acc 333 (1)
Receivable from
VAT payable customer
(if any)
(1b.) Cost of good sold (Perpetual method)
Acc 154, 155, 156 Acc 632
(1b) COGS

This transaction is not applicable for periodic method 19

2. Credit sale with interest payment, installment sale
Revenue = Cash sale price

Interest income = Credit sale price – cash sale price

(2a). Revenue
Acc 111, 112
(2a) Received money
Acc 511 from customer
Acc 131
Receivable (2b)
from customers
Acc 333 (1)
VAT (if any)

Acc 515 Acc 3387

Interest
2c

(2b).Cost of goods sold – similar to case (1)

20
Example 6.3
 3. Dissimilar exchange of goods

* Revenue
Acc 131 Acc 152, 153...
Acc 511 Revenue Payable to (3)c Value of
(3)a exchange received goods
parner
Acc 333(1)
VAT
Acc 133
Acc 111, 112 Deductible
VAT
(3)d

* Cost of goods sold

Related Acc Acc 632
COGS
(3)b
Example 6.4:
21
4. Product used for business activities (i.e. material, tool, fixed
assets…) or for promotion purposes

• Internal revenue

Acc 511 Acc 621, 211, 627, 641, 642

Acc 333 (1) Acc 133

(if any) (if any)

• Cost of good sold

Acc 154, 155 Acc 632

22
5. Goods sent on consignment

Cost of good sold

Acc 154, 155, 156

Acc 157 Acc 632
4(a) 4(c)

Revenue

Acc 511 Acc 111, 112, 131

4(b)

Acc 3331

23
 5. Goods sent on consignment with fixed price
a. At consigner’s
- Cost of good sold
Related Acc. Acc. 157 Acc. 632
5(a) 5(c)
Sent goods on consignment Goods was sold

- Revenue recognition: When goods are sold by consignees .

Case 1: Consignees deduct commission fee before making payment
to consigners Acc. 133
(if any)

Acc. 511 Acc. 641

Revenue Commission
5(b1)
Acc. 111, 112, 131
Acc. 333
(1) VAT 24
a. At consigners
Case 2: Commission fee is paid seperately
Acc. 511 Acc. 111,112,
5(b2 ) 131
Revenue
Total sale
Acc. 3331 revenue
Output
VAT Acc. 133
Commission fee paid for consignees:
Acc. Acc. 641
b. At consignee 111,112 5(d)

- When received goods: Record on the detailed journal for goods sent
on consignment
- When sold the goods to customer:

25
Case 1: Commission fee is deducted before payment to consigners
Acc. 331 Acc. 111,112, 131
Payable to consigner
Acc. 511 Total sale
Commission fee revenue

Acc. 333(1)
Output
VAT
Case 2: Commission fee is calculated and paid at the end of period
Acc. 331 Acc. 111,112, 131

Total sale revenue paid to

consigner
Acc. 511 Acc. 111,112, 131
At the end of period:
Commission fee
Acc. 333(1)
26
Output VAT
6. Sale with cash discount
Cash sale with cash discount

Acc 511 Acc 111, 112

Acc 333 (1)

Acc 635
(if any) Payment discount

Credit sale withcash discount

Acc 111, 112

Acc 511 Acc 131

Acc 333 (1) At date of When make Acc 635

sale payment
Payment
discount
27
 sale transactions with deductible VAT

Acc 133 Acc 333(1)

Deductible VAT

28
 sale transactions with non-deductible VAT
Price is included VAT, import tax and special consumption tax

Acc 111,112,131
Acc 333 Acc 511

Tax payment to State Budget

Acc 111,112 Acc 333

29
6.1.4 Accounting for revenue deduction
b. Account used:
Acc. 521 – Revenue deduction: (Article 81 – Circular 200, p.g 378)
Acc. 521
Sale discount, sale Transfer sale discount, sale
allowance and returned allowance and returned goods
goods incurred for net revenue calculation

Acc 521 has 3 TK sub-account:

- TK 5211 - Sale discount

- TK 5212 - returned goods
- TK 5213 - Sale allowance

30
6.1.4 Accounting for revenue deduction

(1) Sale discount, sale allowances

TK 111, 112 TK 5211, 5213

TK 511
Amount has (2). Transfer
been paid
TK 131 TK 333 (1)
Amount has Reduced VAT
not paid payables

31
(2) Returned goods
- Revenue deduction from returned goods
Acc 5212 Acc 511
Acc 111,
112 Transfer

Acc 131 Acc 333 (1)

(if any)

- COGS of returned goods

TK 632 TK 155, 156...

TK 111, 112 TK 641

Other related expenses
32
At the end of the period

After recording revenue deduction at time inccurred, accountants

calculate net revenue before transfering to income summary
account

Net revenue = Total revenue – Revenue deduction

Acc 911 Acc 511

Transfer

33
 6.2
6.2 Accounting
Accounting for
for cost
cost of
of goods
goods sold
sold
Cost of good sold calculation
- If the company applies perpetual method
COGS calculation is based on Good issuing Notes
- If the company applies periodic method
COGS calculation is based on the following equation
Cost of
Cost of
goods
Cost goods Cost of
sent on
COGS in of sent on goods Cost of
consig
the perid = invent + consig + receive - inventor - nment
ory at nment d in y at the
at the
the at the the end
end
beg. beg. period

34
6.2
6.2 Accounting
Accounting for
for cost
cost of
of goods
goods sold
sold

Accounts used:
• Acc. 155 – Finished goods
• Acc. 156 – Merchandise goods
• Acc. 157 – Goods on consignment
• Acc. 632 – Cost of goods sold

35
 Account 155 “Finished goods”
 Value of finished goods  Value of finished goods
increases decreases
 Surplus of finished goods  Shortage of finished goods
detected in the physical detected in the physical
inventory count inventory count
 Transfer the closing balance  Transfer the opening balance
of finished goods (the periodic of finished goods (the periodic
inventory method) inventory method)

Value of finished goods in

stock at the end of the period

36
 Account 632 “The perpetual inventory method”
 Cost of goods sold and  Cost of goods returned
services during the period.  Reverse of provision for
 Other cost recorded to cost of inventory at the end of fiscal
goods sold year
 Provision for inventory  Cost of goods sold transferred
to account 911

Acc 632 has no ending balance

37
 Account 632 “The periodic inventory method”
 Cost of finished goods and out  Cost of finished goods and out of
of the warehouse but not yet the warehouse but not yet sold
sold at the opening of transferred to the debit side of
accounting period account 155,157 at the end of
accounting period
 Cost of finished goods during
the period  Reverse of provision for
inventory at the end of fiscal year
 Provision for obsolete stock
 Cost of goods sold transferred to
account 911

Acc 632 has no ending balance

38
 Accounting for cost of goods sold
(The perpetual inventory method)

Ac. 154,155,
156,157… Ac. 632 Ac. 155,156

1 3

Ac. 154,627, Ac.911

241,138…
4
2

39
 Explanations
1. Cost of goods sold incurred during the period
2. Other costs recorded to ac. cost of goods sold
(to be charged to profit/loss account)
3. Cost of goods returned
4. Cost of goods sold transferred to Ac. 911 at
the end of the period (to determine business’s
performance)

40
 Accounting for cost of goods sold
(The periodic inventory method)
Ac. 155,157 Ac. 632 Ac. 155,157
1
4

Ac. 631
2 Ac.911
5

Ac. 611
3

41
 Explanations
1. At the beginning period, transferring the opening balance
of finished goods in stock and finished goods sent on
consignment to account 632
2. At the end of the period recording cost of finished goods
during the period
3. At the end of the period recording cost of merchandise
goods sold
4. At the end of period, transfer the ending balance of
finished goods in stock and finished goods sent on
consignment to the debit side of account 155,157
5. At the end of the period, transfer cost of
finished/merchandise goods sold to Ac. 911
42
6.3. Accounting for selling expenses and
administrative expenses

6.3.1. Accounting for selling expenses

6.3.2. Accounting for adminstrative expenses

43
6.3.1. Accounting for selling expenses
6.3.1.1. Contents
* Definition
*Selling expenses includes:
1) Sale staff expenses
2) Material and packing material expenses
3) Tools and instruments expenses
4) Fixed asset depreciation expenses
5) Warranty expenses
6) Outside services expenses
7) Other expenses

* Notes: Selling expenses incurred is transferred to income

44
summary for business result calculation
6.3.1.2. Accounting for selling expenses
a. Source documents:
- Salary and social insurance allocation sheets
- Material allocation sheet
- Depreciation allocation sheets
- VAT invoice, Sale invoice
- Payment voucher, Credit notes from bank
-….
b. Accounts used: Acc641 – Selling expenses
( Article 91-Cir 200, pg. 418)

45
6.3.1.2. Accounting for selling expenses
b. Accounts used:

Acc 641
- Items reduced selling
Selling expenses expense in the period
incurred in period.
- Transferring “Income
Summary” accounts

TK 6411 - Sale staff expenses

TK 6412 - Material and packing material exp.
Sub
accounts of TK 6413 - Tools and instruments expenses
Acc 641 TK 6414 - Fixed asset depreciation expenses
TK 6415 - Warranty expenses
TK 6417 - Outside services expenses
46
TK 6418 - Other expenses
6.3.1.2. Common transactions

Acc 641
Acc 334, 338
Acc 152, 111,..
(1) (6)
Acc 152,153, 242…

(2)
Acc 214 Acc 911

(3)
(7)
Acc 111, 112, 352…
(4)
Acc 133
Acc 331, 111, …
(5)

47
Flow chart explaination
1. Sales staff’s salary, wages and social insurance, health
insurance, trade union fees…
2. Costs materials/tools and allocation costs of supplies and
tools.
3. Depreciation of fixed assets used for selling and distribution
purposes
4. Provisions for warranty expenses or warranty expenses
incurred without previous provision.
5. Services and other expenses in cash.
6. Reducing selling expenses (Reverse provision…)
7. Selling expenses allocated and transferred to determine
operation result. 48
6.3.2. Accounting for administrative expenses
6.3.2.1.Contents
* Definitions:
*Contents:

1) Administrative staff expenses 5) Taxes, fees and charges

2) Office supply expenses 6) Provision expenses
3) Office equipment expenses 7) Outside services
4) Fixed asset depreciation 8) Other expenses

Notes: Selling expenses incurred is transferred to income

summary for business result calculation

49
6.3.2.2. Accounting for administrative expenses
a. Source documents:
- Salary and social insurance allocation sheets
- Material allocation sheet
- Depreciation allocation sheets
- Tax declaration: License tax,…
- VAT invoice, Sale invoice
- Payment voucher, Credit notes from bank
-….
b. Account used: Acc 642 – Administrative expenses

50
6.3.2.2. Accounting for administrative expenses
Accounts used: TK 642
Administrative - Items reduced selling expense in the
expenses incurred in period
period. - Transferring “Income Summary”
accounts

Sub accounts of Acc 642

Acc 6421 - Administrative staff expenses
Acc 6422 - Office supply expenses
Acc 6423 - Office equipment expenses
Acc 6424 - Fixed asset depreciation
Acc 6425 - Taxes, fees and charges
Acc 6426 - Provision expenses
Acc 6427 - Outside services
51
Acc 6428 - Other expenses
6.3.2.2. Common transactions
Acc 642
Acc 334, 338 Acc 111, 152,…
(1)
(7)

Acc 152,153, 242…

(2)
Acc 911

Acc 214
(3)
(8)
Acc 333
(4)

Acc 2293, 352

(5)
Acc 133
Acc 331,111, …

(6)
52
 Flowchart explanations
1. Office staff’s salary, wages and related social insurance, health
insurance, trade union fees…
2. Costs and allocation costs of supplies and tools.
3. Depreciation of fixed assets used for general administration
purposes
4. Business tax, land rentals and other fees
5. Provisions for doubtful debts and other provision payables for
business restructuring, loss from risky contracts..
6. Services rendered and cash expenses.
7. Reducing administration expenses
8. Administration expenses allocated and transferred to determine
operation result.

53
6.4. Accounting for financial income and financial
expenses

6.4.1. Content of financial income and financial expenses

6.4.2. Source documents
6.4.3. Account used
6.4.4. Common transactions

54
6.4.1. Contents of financial income and financial expenses
TRANSACTIONS

Content Financial expenses incurred Financial income incurred

1. Interest Part of interest expenses Interest income

2. Loss from the investment is deducted from
- Dividend, distributed profit ...
Financial investment capital
investment Loss from the investment transfer - Profit from the investment transfer
Expenses related to financial investment
3.Payment Payment discount paid Payment discount received
discounts
4. Foreign - Loss from exchange rate difference - Profit from exchange rate difference
exchange (business activities + construction process) (business activities + construction process)
differences -Loss from revaluating closing balance of -Profit from revaluating closing balance of
foreign currency monetary items (business foreign currency monetary items (business
activities + construction process): activities + construction process):
4131 635 4131 515
- Allocate loss from exchange rate -Allocate profit from exchange rate
difference (construction before operation) difference (construction before operation)
4132 242 635 ( 5 years) 4132 242 635 ( 5 years)
... ...
55
 6.4.2. Source documents
- Invoices
- Receipt notes, payment notes
- Debit notes, credit notes from bank
- ….

56
6.4.3. Accounts used

Accounts

Acc. 635 – Financial expenses Acc. 515- Financial income

* Acc. 635 - Financial expenses

Acc. 635
Financial expenses Transfer financial
incurred expenses

* Acc. 515- Financial income

Acc. 515

Transfer financial Financial income incurred

income
57
6.4.4. Common transactions

Acc. 221, 222, 228... Acc. 111,

(2a) transfer financial investment 112,...
Acc. 635 2291, 2292
(2b2)Reverse
Acc. 229
provision
(2b1)Make provision Acc. 515
for FX difference Acc. 111, 112, 3387
Acc. 111, 112,...
(1a) Interest expenses (1b) Interest
income
241; 627 Acc. 331, 111, 112
Acc. 131, 111,112 Acc. 911
(3b) payment discounts
(3a) payment discounts (5a)... (5b)...

Acc. 413 Acc. 413

(4b1) FX differences (4b2) FX differences
242
3387
Acc. 111, 112, 131...
Acc. 152, 211...
(4a) transactions related to foreign exchange incurred 58
6.5. Accounting for other income and other expenses
6.5.1. Content of other income and other expenses
6.5.2. Source documents
6.5.3. Accounts used
6.5.4. Common transactions

59
6.5. Accounting for other expenses and other
income
6.5.1. Contents

* Other expenses includes:

• Expenses relating disposal of fixed assets and their carrying
amount.
• Losses from revaluation of materials, goods and fixed asset
which are contributed in joint ventures, associates…
• Compensations for breaches of contracts;
• Tax penalty;
• Other expenses.

60
6.5. Accounting for other income and other expenses
6.5.2. Source documents
- Invoices
- Receipt notes, payment notes
- Debit notes, credit notes from bank
- Tax receipt
- ….

61
61
6.5. Accounting for other income and other expenses
6.5.3. Accounts used

Acc. 811- Other expenses

Other expenses Transfer other expenses
incurred

Acc. 711- Other income

Other income Transfer other income

incurred

62
6.5. Accounting for other income and other expenses
6.5.4. Common transactions
Acc. 111,..
Acc. 811 Acc. 711 Acc. 111,…
(1) (2)
Acc. 911

(3a) (3b)

63
6.6 Accounting for current Corporate Income Tax
expenses

6.6.1. Process of current corporate income tax calculation

- Periodically (quarterly)
- End of financial year
- …

64
6.6 Accounting for current CIT expenses
6.6.2. Accounts used
• Acc. 821 – Corporate Income Tax expenses
• Acc. 8211 – current Corporate Income Tax expenses
(Article 95 – Circular 200)

Acc. 8211
- CIT payables charged to current - Current CIT actually paid during year <
income tax expenses during year current CIT temporarily paid
- CIT payables increase due to - CIT payable decrease due to detecting
detecting important errors of insignificant errors of the previous year
previous years - Transferring current CIT expenses to Dr.
- Transferring current CIT 911 “Income Summary”.
expenses to Dr. 911 “Income
Summary”.

65
6.6.3 Common transactions

(3b) At the end of the period, Total

Acc. 111, 112,.. Acc. 3334 debit side < Total crebit side
Acc. 8211 Acc. 911
(1a) Temporary CIT
(3a) At the end
(2) CIT payable
of the period,
payment
Total debit side
(1b1) Remaining CIT
> Total crebit
payable (Final tax
side
declaration...)

(1b) Overpaid CIT (final tax

declaration)

66
6.7. Accounting for business result and profit distribution

6.7.1. Contents
6.7.2. Accounts used
6.7.3. Common transactions

67
 6.7.1. Contents
Definition
From normal business activities

Business result
From other activities

Result from normal business activities

Financi Financ
Business Adminis
Net CO al Selling ial
result from = - GS
+ - expens
- trative -
revenue income expens
normal expense
es es
business s
activities Gross revenue

68
Result from other activities
Result from other activities = Other income - Other expenses

Profit before CIT = Business + Other

result result
Profit after = Profit before CIT - CIT
CIT expenses

CIT expenses = Current CIT + Deferred

expenses CIT expenses

Current CIT = Taxable income x CIT rate

expenses (tax regulation)

69
6.7.1. Contents
* Profit distribution
* Business result in a period could be profit or loss
+ If the company makes loss  ….
+ If the company makes profit, profit distribution as
follow:
• Pay dividend for investors
• Pay for previous year’s loss
• Make reserves from remaining amount

* In an enterprise, profit distribution has 2 stages:

Stage 1- Temporary distribution: periodically, distribute profit as
planned before
Stage 2- Final distribution: when the financial year ends
70
6.7.2. Accounts used
Acc. 911, Acc. 421 and other related accounts
*Acc. 911- Income summary

Transfer revenue, income and expenses for business result

Acc. 911
Transfer expenses Transfer revenue, income
Transfer profit Transfer loss
 * Acc. 421- Undistributed post-tax profit
Content To record post-tax profit/loss and distributed profit/loss of
an enterprise
Acc. 421

- Loss from business activities - Profit from business activities

- Profit distribution - Loss distribution

Undistributed loss Undistributed profit

Acc. 4211 - Undistributed post-

Acc 421 has 2 sub- tax profits of previous year
accounts:
Acc. 4212 - Undistributed post-
tax profits of current year 72
 Acc. 632 Acc. 911 Acc. 511
Transfer COGS
Transfer revenue

Acc. 641,642
Acc. 515
Transfer selling expenses,
Transfer financial
administrative expenses
income
Acc. 635
Transfer financial expenses Acc. 711
Transfer other
Acc. 811 income
Transfer other expenses
Acc. 8212
Acc. 8211, 8212 If Dr. side of acc. 8212 If Dr. side of
>Dr. side of that account acc. 8212
Current CIT expenses, >Dr. side of
Acc. 111, 112 that account
Acc. 4212
Temporary dividend payment, profit
distribution to related parties Transfer profit
Acc. 414, 353, 418,… after CIT
Make temporary reserves
Acc. 3388
Acc. 111, 112 FY end, identify
Dividend preference share Transfer loss
73

payment payables
Common transactions on business results
Acc. 911 Acc. 111, Acc. 511,
Acc. 632 112, 131 Acc. 521 Acc. 111, 112
DT

Acc. 635, 641, 642 TK 333(1), Acc. 131,

333(2), 333(3) 136
Acc. 333(4)
Acc. 3387
TK8211, 8212
Acc. 152,
Acc. 515 153
TK 421(2)
Acc. 336 Profit
payment to
parent Transfer Acc. 333(1)
company profit Acc. 711
Acc. 414,
418, 353...
Funds and
reserves
Acc. 111,
112, 338
Profit
payment
Transfer loss