Seniors: Sorry, I am a hotel accountant now. This month, the hotel bought tableware, bowls, plates, cups, tea barrels and so on.

Please refer to the following. But you'd better make another memo for verification.

Low-value consumables refer to articles whose unit value and service life are below the limit stipulated by labor means. The amortization methods of low-value consumables usually include: one-time amortization method (that is, one-time write-off method or one-time accounting method), multiple amortization method and five-five amortization method.

One-time amortization method

Procedure: when collecting money, the total value will be included in the product cost and period expenses of the current month (collection month) at one time; When scrapped, the value of scrapped surplus materials will be deducted from relevant costs and expenses as the reduction of amortization in the current month.

When low-value consumables are daily accounted according to the planned cost, the recipients of low-value consumables shall prepare accounting entries according to the planned cost; At the end of the month, the cost difference of low-value consumables should be adjusted.

Scope of application: This method is generally suitable for low-value consumables with low unit value, short service life or easy breakage.

Amortization by installment

Definition: Amortization method refers to the method of monthly amortization of the value of low-value consumables according to their service life or value. If the amortization period is less than one year, it shall be treated as deferred expenses; If the amortization period exceeds one year, it shall be treated as deferred assets.

Procedure: When collecting money, debit the total value to the account of "deferred expenses" or "deferred assets" and credit the account of "low-value consumables"; When amortizing on a monthly basis, the items such as manufacturing expenses, management expenses and other business expenses are debited, and the items such as deferred expenses or deferred assets are credited. When low-value consumables are scrapped, the recovered residual value will be used as the amortization amount of low-value consumables in the current month to offset related subjects.

Scope of application Some low-value consumables with high unit value, long service life and not easy to be damaged, such as special tools used repeatedly.

Half amortization method

Definition: This method is also called "50% method". Refers to the amortization of half the value of low-value consumables in use and the amortization of the other half when scrapped. In order to reflect the value of low-value consumables in stock, low-value consumables in use and amortization value of low-value consumables, three secondary accounts are set up under the general ledger account of low-value consumables: low-value consumables in stock, low-value consumables in use and amortization of low-value consumables.

Scope of application: The accounting workload of this method is relatively large. Therefore, this method is suitable for low-value consumables with a balance between monthly collection and scrapping and similar monthly amortization.