Low-value consumables mainly include

Low-value consumables mainly include general tools, special tools, replacement equipment, packaging containers, and labor protection supplies.

Low-value consumables refer to labor materials whose individual value is below the prescribed limit and whose useful life is less than one year. They can be used multiple times and basically maintain their physical form. Low-value consumables and fixed assets are both labor instruments in an enterprise. The difference is that fixed assets are the main labor instruments.

Low-value consumables refer to labor materials that have a unit value of more than 10 yuan and less than 2,000 yuan, and have a service life of less than one year, and cannot be used as fixed assets. It is similar to fixed assets. It can be used multiple times during the production process without changing its physical form. It also needs maintenance during use and may have a residual value when scrapped.

Because of its low value and short service life, a simple method is used to amortize its value into the product cost. In the new accounting system in 2006, packaging and low-value consumables were combined into packaging and low-value consumables, and the account number was: 1412. In the 2014 accounting system, low-value consumables and packaging were combined Materials are classified under the accounting account of turnover materials.

Amortization allocation of low-value consumables:

1. Usually by preparing an amortization allocation table of low-value consumables. When amortization is allocated, the relevant cost and expense items should be recorded in accounts such as production costs, manufacturing expenses, administrative expenses and their detailed accounts according to different use departments and purposes. Low-value consumables that are used in large quantities at one time when the enterprise puts into production and operation can be amortized in installments as deferred expenses.

2. If an enterprise adopts the one-time amortization method or the installment amortization method, its low-value consumables are calculated according to the planned cost. At the end of the month, the low-value consumables should be calculated based on the category differences of the low-value consumables. Rate, adjust planned costs to actual costs.