Financial result postings
The need to allocate them is to differentiate income and expenses from any type of activity of the organization. The features of these accounts are as follows:
they collect information on income - by credit, and on expenses - by debit;
they are unbalanced and, accordingly, are not reflected in the balance sheet. However, it should be borne in mind that their sub-accounts, where income and expenses are accumulated, have balances throughout the reporting period. They are reset to zero at the time of balance sheet reformation on the last day of the current year.
Many people cannot the benefit of using our student database understand how it can happen that there is no balance on a synthetic account, but the balances on its sub-accounts are non-zero? The explanation for this is quite simple: the debit and credit turnovers of accounts 90 and 91 are balanced using the following sub-accounts: 90-9 "Profit or loss from sales" and 91-9 "Balance of other income and expenses".
The turnovers on the sub-accounts of accounts 90 and 91 are the basis for filling in the lines of the Report. In this regard, it is necessary that debit and credit turnovers accumulate throughout the calendar year. Thanks to this, it becomes possible to find out the total amount of such indicators as revenue, cost of sales, other income and expenses cumulatively from the beginning of the reporting year. If you close the sub-accounts on the last day of the reporting period, then the beginning of the new financial period is, as they say, from scratch, and there will be no confusion between the income and expenses of the past and current reporting periods.
How to achieve multiple growth in traffic and sales from your website?
Alexey Boyarkin
Dmitry Svistunov
Head of SEO and Development
Read more posts on my personal blog:
I have always been concerned about the issue of moving to a fundamentally new level. So that the indicators would grow not by 2 or 3 times, but by several orders of magnitude. From a thousand visits to ten thousand or from ten thousand to a hundred thousand, if we are talking about a website, for example.
And I know that such leaps are always the result of painstaking work in five areas:
Technical condition of the site.
SEO.
Collection of site semantics.
Creating useful content.
Working on conversion.
And at the same time, every manager needs an increase in sales and the number of applications from the site at the moment.
To get this growth, download our step-by-step template for increasing sales from the site:
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