How should the company s purchase of office furniture be accounted for?

If the office expenses are large, they can be placed in the expenses to be amortized and divided over one year.

Let's apportion, but you can't record fixed assets. Because the value of a single piece is too small.

The value of 50,000 yuan should be entered into fixed assets, but some enterprises directly enter the current expenses in order to offset profits, how to get it depends on the consideration of your company boss, as well as the relationship between you and the tax authorities.

Accounting for office equipment as a fixed asset:

Borrow: Fixed Assets - Office Furniture.

Tax Payable – VAT Payable (Input Tax) Payable

Credit: Bank Deposits Cash on hand.

Office equipment is treated as general office supplies

Borrow: management expenses - office expenses.

Credit: Bank Deposits Cash on hand.

Depending on the size or requirements of your company, generally less than 2,000 yuan can be recorded as low-value consumables without being included in fixed assets, and can be amortized at one time or several times.

One-time amortization: borrow: administrative expenses - amortization of low-value consumables.

Credit: Cash.

Included in fixed assets. I am making office furniture, and in some countries, the furniture will be marked with the label of fixed assets of a certain unit, I hope it will help you.

According to the Accounting Standards for Business Enterprises, fixed assets refer to tangible assets that have the following characteristics at the same time: (1) held for the production of goods, the provision of labor services, leasing or operation and management; (2) The service life is more than one fiscal year. At the same time, the detailed rules for the implementation of the Interim Regulations on Enterprise Income Tax stipulate that fixed assets refer to non-monetary assets held by enterprises for the purpose of producing products, providing labor services, leasing or business management, and having been used for more than 12 months.

The office furniture purchased by your company meets the above requirements and should be included in the "fixed assets" and depreciated according to the service life of not less than 5 years. This way, you can also synchronize with the tax laws and regulations, and avoid the hassle of making adjustments when you settle the final settlement.