First, the basic principles of the accounting system of individual industrial and commercial households
The accounting system of individual industrial and commercial households follows the basic principles of accounting, including authenticity, accuracy, completeness and timeliness. Individual industrial and commercial households shall conduct accounting according to the actual economic business to ensure the authenticity and reliability of account books, vouchers and statements; At the same time, it shall accurately reflect the nature, amount and occurrence time of economic business, and shall not fabricate or conceal transactions; In addition, individual industrial and commercial households should also fully record all economic businesses and must not miss important information; Finally, individual industrial and commercial households should make timely accounting and declaration to ensure the timeliness of information.
Two, individual industrial and commercial households accounting system accounting content
The accounting contents of the Accounting System for Individual Industrial and Commercial Households include assets, liabilities, owners' equity, income, expenses and profits. Individual industrial and commercial households shall conduct accounting in accordance with the prescribed accounting subjects and accounting methods to ensure the correct classification and measurement of various economic businesses. At the same time, individual industrial and commercial households should also establish and improve the internal control system to prevent fraud and errors.
Three, individual industrial and commercial households accounting system reporting requirements
Individual industrial and commercial households shall prepare financial statements in accordance with the prescribed format and content, including balance sheet, income statement and cash flow statement. Financial statements should truly, accurately and completely reflect the financial status and operating results of individual industrial and commercial households, and provide a basis for tax declaration, loan application and external audit. Individual industrial and commercial households should also conduct regular financial analysis and forecast to provide strong support for management decision-making.
To sum up:
The Accounting System for Individual Industrial and Commercial Households is an important system to standardize the accounting and financial reporting of individual industrial and commercial households. It requires individual industrial and commercial households to follow the basic principles of accounting and accurately and completely record and reflect their economic activities; At the same time, individual industrial and commercial households should also conduct accounting and report preparation in accordance with the prescribed accounting contents and reporting requirements. By establishing a sound accounting system, individual industrial and commercial households can better manage financial activities and improve economic benefits and competitiveness.
Legal basis:
People's Republic of China (PRC) accounting law
Article 5 provides that:
The state practices a unified accounting system. The unified national accounting system shall be formulated and promulgated by the financial department of the State Council in accordance with this Law.
The relevant departments of the State Council may, in accordance with this Law and the unified national accounting system, formulate specific measures or supplementary provisions for implementing the unified national accounting system in industries with special requirements for accounting and accounting supervision, and submit them to the financial department of the State Council for examination and approval.
The General Logistics Department of the People's Liberation Army of China may, in accordance with this Law and the unified national accounting system, formulate specific measures for the army to implement the unified national accounting system and report them to the financial department of the State Council for the record.
Article 23 provides that:
All units should adhere to the two lines of revenue and expenditure, and are not allowed to directly offset expenses or expenditures with funds that should be included in income.
Article 25 provides that:
Companies and enterprises must confirm, measure and record assets, liabilities, owners' rights and interests, income, expenses, costs and profits according to the actual economic and business matters and the provisions of the unified national accounting system.