SRL versus ONG, asemănări și deosebiri privind tratamentul contabil al stocurilor
LLC vs. NGO, Similarities and Differences in the Accounting Treatment of Inventories
Author(s): Elena StănciulescuSubject(s): Economy, Accounting - Business Administration
Published by: Corpul Experților Contabili și Contabililor Autorizați din România (CECCAR)
Keywords: inventory; asset with a long production cycle; donation; value depreciation; commercial discount; dismantling;
Summary/Abstract: In this article we aim to present the main resemblances and differences between accounting the carried out by LLCs and the double entry accounting of NGO regarding inventories. Thus, we will highlight matters regarding the features related to donations received/made, value depreciations and commercial discounts, the recording of goods resulting from dismantling, as well as the accounting treatment of assets with a long production cycle, so that there is no confusion regarding the application of the appropriate accounting treatment.
Journal: CECCAR Business Review
- Issue Year: 2/2021
- Issue No: 07
- Page Range: 3-13
- Page Count: 11
- Language: English, Romanian