Bankruptcy liquidation of the accounting items mainly include what
According to the Enterprise Bankruptcy Law of the People’s Republic of China, the Company Law of the People’s Republic of China and the Interim Provisions on the Accounting Treatment of The Trial Bankruptcy of State-owned Enterprises, the main contents and procedures of bankruptcy liquidation accounting are as follows.
1, take over the accounting materials and other documents of the bankrupt enterprise files, set up new accounts, and the assets and liabilities of the bankrupt enterprise according to the requirements of bankruptcy liquidation accounting reclassification, end the old accounts;
2, a comprehensive inventory of the bankrupt enterprise’s property, debt, confirm the measurement of bankruptcy assets and bankruptcy debt, the preparation of the inventory after the balance sheet;
3. Realized bankrupt assets, recorded realized value and realized profit and loss;
4. Accounting bankruptcy gains and losses, including liquidation expenses, liquidation gains and liquidation losses, etc.;
5. Pay off bankruptcy debts in legal order and distribute the remaining assets;
6. Prepare accounting statements for bankruptcy liquidation and finish liquidation work. According to “state-owned enterprises try out bankruptcy related accounting treatment problem interim provisions”, the liquidation group should establish 23 accounting subjects, according to the nature of its subjects can be divided into three categories.
The first category is assets, including “cash”, “bank deposits”, “notes receivable”, “receivables”, “materials”, “semi-finished products”, “finished products”, “investment”, “fixed assets”, “construction in progress” and “intangible assets”.
The second kind, balance sheet subject, including “loan”, “payable notes”, “other payable”, “payable wages”, “payable welfare funds”, “payable taxes”, “payable profits”, “other payable funds” and “payable bonds” a total of 9 subjects.
The third category is liquidation gains and losses, including “liquidation costs”, “land transfer gains” and “liquidation gains and losses”.