The law on accounting for the amount of the sale price, also known as the “price booking, physical accountability system”, applies mainly to retail enterprises and its scope of application and related points are as follows:
1. Type of enterprise: this applies mainly to retail enterprises. It allows for a large number of inventory items to be accounted for and split into small quantities by physical owner, simplifys accounting and helps to strengthen māori marketing controls in commodity retail enterprises and is widely used。
2. Managing demand: retail enterprises use the method of accounting for the amount of the sale price, whereby inventory items are accounted for only in amounts and not in quantities, to the detriment of strengthening the physical management of inventory commodities. In order to avoid this deficiency, a number of different trade cabinets need to be divided according to the type of product to be operated and kept in custody, with responsibility for the quantity and quality of all the goods they operate, i. E., the establishment of physical responsibility. The enterprise divides all the goods it operates into physical units, by variety, type and the need to manage them, identifies the person in charge of the goods, operates a system of physical responsibility, and the person in charge has full financial responsibility for the goods it operates。
3. Accounting characteristics: inventory commodities are accounted for at the sale price, the inventory commodity ledger is recorded at the sale price, and the volume at the sale price is an overview of the increases and decreases in inventory commodities and their results; the inventory items are set up by the business cabinet and the sales price is used to control the goods operated and kept by the business cabinet. The “commodity price difference” account, which is an adjustment account for the “inventory commodities” account, is used to account for the difference between the sale price and the purchase price. For example, the sale price of goods at the beginning of a retail business was $10,000, and the price differential was $2,000; the total sale price of the goods purchased during the period was $20,000, and the difference was $4,000. The price differential for commodities is $ (2000 + 4000)\div (10000 + 20000)\times1 if the proceeds from the sale of commodities in the current period are $15,000, the difference in the value of the sale of commodities in the current period is $150 = $3000, and the cost of the sale of commodities in the current period is $15 000 - 3000 = $12,000。
4. The inventory system: the system of physical inventories should be strengthened, the inventory of commodities should be carried out on a monthly basis, and the stock of various commodities operated by the business cabinets should be multiplied by the sum of the value of each commodity sold, in line with the book reconciliation, in order to assess the performance of the positions of the business cabinets and to strengthen the physical management of inventory commodities。
5. System of formalities: to establish a sound system of business processes, clarify financial responsibilities and strengthen management. Retail enterprises are required to put in place a sound system of business procedures for the acquisition, sale, pricing, inventory, lift, loss, etc. Of goods, and to complete relevant business vouchers to strengthen price management, commodity management and sales money management。
