1. At the time of purchase:
Borrow: inventory goods-gold
Loans: bank deposits
2. When selling:
Debit: bank deposit
Loan: income from main business
3. Carry-forward costs at the same time:
Debit: main business cost
Credit: Inventory goods-gold
4. If it is held for a short time, it shall be included in trading financial assets or available-for-sale financial assets:
Borrow: transactional financial assets
Loan: other monetary funds-spot electronic trading of precious metals
Extended data:
The new accounting standards for business enterprises require the following accounting treatment for inventories:
1. This account is used to calculate the actual cost (or purchase price) or planned cost (or selling price) of various commodities in enterprise inventory, including finished products in inventory, purchased commodities, commodities stored in sales department for sale, displayed commodities and commodities stored outside.
Substitute products processed and manufactured with supplied materials and those processed and repaired for other units shall be accounted for as finished products of the enterprise after the acceptance of manufacturing and repair.
Enterprises (real estate development) develop products, and this course can be changed to "1405 product development" course. Agricultural products harvested by enterprises (agriculture) can be changed to the subject of "1405 agricultural products".
2, this course can be detailed accounting according to the types, varieties and specifications of goods in stock.
Baidu encyclopedia-physical gold
Baidu encyclopedia-accounting accounting
Baidu encyclopedia-inventory goods