Debit 75 credit 80 — the very first entry in the accounting records of any newly created company. Record debit 75 credit 80 reflects the registration of the company's authorized capital in the amount of participants' contributions. Read about who the shareholders and shareholders are, in what ways capital can be received and how to properly account for it in an LLC or JSC.
Authorized capital of LLC
Authorized capital (hereinafter referred to as the authorized capital) is the amount of monetary or material resources, necessary to start the primary production cycle. It refers to the personal reserves of the enterprise and is recorded in the credit of account 80 “Authorized capital”, which is passive. That is, its balance is always credit and always corresponds to the amount specified in constituent documents.
What is your own reserve and how to take it into account in the balance sheet, see the material.
The procedure for entering the capital code of an LLC is regulated by the Law “On LLC” dated 02/08/1998 No. 14-FZ. Its minimum limit is 10,000 rubles. (v. 14). The upper limit of a participant's share may be limited by the charter of the enterprise.
The founders - owners of the business - contribute the capital by transferring funds to the current account, to the cash desk of the enterprise, as well as by transferring property, material assets or rights to own property at the disposal of the company (Article 15).
Shareholders can be both legal and individuals. Each of them contributes the share specified in the agreement on the establishment of the LLC, in accordance with which, based on the results tax period will receive dividends. Accounting for mutual settlements with shareholders is reflected in account 75 “Settlements with founders” in the context of counterparties.
Each participant is obliged to pay his part within 4 months from the date of registration of the LLC (Article 16).
Registration of capital Dt 75 Kt 80 and accounting for its receipt
Based on the constituent documents, an entry is made on the date of registration of the company debit 75 credit 80 for the entire amount provided for by the contract, regardless of the payment of the management company.
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Document |
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The Criminal Code is added to the account |
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The Criminal Code has been entered into the cash register |
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Certificate of acceptance and transfer of OS (NMA) |
The capital is transferred in the form of a fixed asset (IMA) |
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Commissioning certificate |
OS (intangible assets) accepted for accounting |
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Certificate of acceptance and transfer of MPZ |
The Criminal Code is entered in the form of goods and materials |
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Assignment agreement |
Criminal Code in the form of assignment of the right to claim debt |
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Bill, share |
Criminal Code in the form securities |
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Agreement on the use of property |
Management company in the form of the right to use assets |
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In addition, entry Dt 75.1 Kt 80 records an increase in capital by attracting additional contributions from shareholders, and Dt 75.2 Kt 80 - due to retained net profit.
Authorized capital of PJSC
The Criminal Code is introduced in the same way in public joint stock companies(PAO). However, a PJSC forms a management company by issuing shares, i.e., their initial sale to investors.
The management company of PJSC consists of a certain type of shares (common or preferred) various denominations. They are own funds companies as a legal entity, and on the other hand, represent the amount of shareholder contributions.
Accounting for the management company of PJSC is carried out in the context of the stages of formation of shares, shareholders and types of shares. In this case, additional sub-accounts are opened for account 80.
The procedure for forming the management company of a PJSC is established by the Law “On Joint-Stock Companies” dated December 26, 1995 No. 208-FZ. The minimum amount of the management company of PJSC is 100,000 rubles. (v. 26).
Results
The authorized capital of LLCs and JSCs is reflected in the credit of account 80 in correspondence with account 75 “Settlements with founders”. Posting Dt 75 Kt 80 also records an increase in capital by attracting contributions from equity holders (shareholders) or from retained earnings.
Score 80 accounting- this is a passive account “Authorized capital”, opens section Ⅶ “Capital” of the chart of accounts and serves to accumulate information about the state and movement of the authorized capital, in other words, the “airbag” of creditors. Consider the use of 80 counts in accounting, typical wiring and an example of increasing the size of the authorized capital.
Application of 80 accounts in accounting
Depending on the legal form, authorized capital companies may have different sizes, distribution by shares of owners and even different names: share capital, authorized capital, etc. Types of authorized capital are presented in the figure:
The balance of account 80 “Authorized capital” reflects the size of the authorized capital, which is recorded in the constituent documents of the company. Operations to form and increase or decrease the authorized capital are carried out only by decision of the founders when making changes to the constituent documents.
IN analytical accounting for account 80, it is important to ensure that information is reflected on the founders, types of deposits and agreements, stages of capital formation and types of shares - depending on the form of ownership.
The procedure for forming the authorized capital is regulated by the legislation of the Russian Federation and the constituent documents of the company.
Typical entries for account 80 “Authorized capital”
Since this is a passive account, all contributions to the authorized capital are reflected as a credit, and all decreases are reflected as a debit of the account.
The main entries for account 80 “Authorized capital” are formed in the table:
| Account Dt | Kt account | Wiring description | Base document |
| 75 | 80 | Registration of the declared amount of the capital | |
| 08 | 75 | Actual receipt of deposits of founders/participants (according to subaccounts depending on the type of deposit) | Constituent documents, accounting certificate (Act No. OS-14, n-r) |
| 82/83/84 | 80 | Crediting reserve capital/additional capital/profit to the management company. | Constituent documents |
| 50,51,52,55/04,41, etc. | 80 | Crediting the contributions of partners under a simple partnership agreement (cash, property). Return – reverse posting. | Constituent documents, accounting certificate |
| 80 | 84 | Write-off of loss from the balance sheet reporting year(amount of capital = net assets) | Balance sheet, constituent documents |
| 80 | 75 | Withdrawal of deposits from the management company by the founders, reduction in the par value of shares/incomplete payment after registration | Constituent documents |
| 80 | 81 | Reflection of a decrease in capital through the cancellation of purchased joint stock companies own shares/shares from shareholders/participants. | Constituent documents, accounting certificate |
Example with transactions to increase the size of the authorized capital
The authorized capital of Vesna JSC is 200,000 rubles. and divided into 100 shares with a par value of 2,000 rubles. accordingly, in this case:
- At the end of the year, a revaluation of fixed assets was carried out and as a result, the initial cost of fixed assets increased by 40,000 rubles, and the amount of accumulated depreciation by 20,000 rubles. Accordingly, additional capital increased by 20,000 rubles.
- At the general meeting of shareholders, it was decided to increase the authorized capital by the specified amount by converting all shares of Vesna JSC into shares of a higher par value - 1,200 rubles. per unit.
The accountant of Vesna JSC generated the following entries in account 80 when increasing the size of the authorized capital:
| Account Dt | Kt account | Transaction amount, rub. | Wiring description | Base document |
| 01 | 83 | 40 000 | Revaluation of the initial cost of the operating system | Documents on market value, revaluation statement, asset accounting inventory card |
| 83 | 02 | 20 000 | Additional assessment of depreciation on fixed assets | Accounting certificate-calculation |
| 83 | 80 | 20 000 | Increase in capital | Constituent documents |
It is important to take into account that if a founder-legal entity makes a contribution to increase the authorized capital before the official registration of changes in the constituent documents, the Federal Tax Service may require it to be taken into account as gratuitously received funds.
Therefore, it should always be indicated in the “purpose” field as “contribution to the authorized capital” in the payment order or invoice, depending on the type of contribution.
One of the main stages of creating an organization is the formation of its authorized capital. In the course of business, the size of the authorized capital can be either increased or decreased. In addition, it is possible to sell the share of the authorized capital of the founder or participant. The amount of the authorized capital for accounting purposes is reflected in account 80 of the accounting department. In the article we will look at each of these operations under the Criminal Code using examples of postings.
The first stage is the determination of its size by the founders of the organization. At the same time, the size of the authorized capital must comply with the necessary legislative requirements.
The period during which the founders must contribute funds to the authorized capital account should not exceed 4 months from the date of state registration of the enterprise.
Contributions can be made as per in full, and in the amount of 50% upon initial deposit of funds.
The founder can make a contribution both in money and material assets(movable and real estate, machinery, equipment, etc.).
Payment of the authorized capital in accounting is reflected in the credit of account 80.
Examples of transactions for the formation of authorized capital on account 80
Let's look at an example:
The founders of Admiral JSC are V.I. Shestopalov. (18% shares) and Jupiter LLC (82% shares). The authorized capital of JSC Admiral is divided into 120 ordinary shares with a par value of 380 rubles per share.
In the accounting of Admiral JSC, entries were made on credit to account 80:
Increasing the size of the authorized capital
In the course of the company's activities, it is possible to increase the amount of its initial authorized capital. can be done in one of the following ways:
- by contribution by participants (or third parties who are accepted into the company) additional deposits;
- at the expense of the organization's own property.
Let's look at each of the above options as an example.
Postings to increase the authorized capital due to additional deposits
The participants of Phantom LLC, whose authorized capital is 954,000 rubles, are K.P. Malyshev. (share 22%) and JSC Aurora (share 78%). In 2016, the minutes of the board’s decision recorded an increase in the authorized capital of Phantom LLC by 265,000 rubles. Phantom LLC paid 780 rubles for paperwork.
In the accounting of Phantom LLC, entries were made to accounting account 80:
| Dt | CT | Description | Sum | Document |
| The debt of Aurora JSC for an additional contribution to the authorized capital was repaid (RUB 265,000 * 78%) | RUB 206,700 | Bank statement | ||
| 50 | The debt of K.P. Malyshev was repaid. for an additional contribution to the authorized capital (RUB 265,000 * 22%) | RUB 58,300 | Receipt cash order | |
| 68 | The amount of state duty has been transferred | 780 rub. | Payment order | |
| 80 | The increase in the authorized capital is reflected | 265,000 rub. | Board minutes | |
| 68 | The amount of state duty is included in other expenses | 780 rub. | Application for state registration of changes in the charter |
Increase from the organization’s own property
According to the decision of the board of LLC “Faza”, the authorized capital of the organization was approved at the expense of additional capital in the amount of 380,000 rubles. The amount of additional capital was formed earlier as a result of the revaluation of a group of fixed assets. For the preparation of documents, Faza LLC paid a state fee of 780 rubles.
In the accounting of Faza LLC, the entries were reflected as follows:
Sale of a share of the authorized capital
A founder or participant who has fully repaid the debt on the contribution to the authorized capital has the right to sell his share (or part of the shares):
- to third parties;
- to another participant;
- directly to the organization.
In accounting, the sale of a share (shares) is reflected by posting Dt 81 Kt 75, regardless of the method and type of sale.
Let's look at an example:
A participant in Ryabina LLC, K.T. Markov, who owns a share worth 780,000 rubles, decided to sell the share in favor of the organization.
Entries were made in the accounting of Ryabina LLC.
In this material, which continues the series of publications devoted to the new chart of accounts, an analysis of account 80 “Authorized capital” of the new chart of accounts is carried out. This commentary was prepared by Y.V. Sokolov, Doctor of Economics, Deputy. chairman Interdepartmental Commission on reforming accounting and reporting, member of the Methodological Council on Accounting under the Ministry of Finance of Russia, first President of the Institute professional accountants Russia, V.V. Patrov, professor of St. Petersburg state university and N.N. Karzaeva, Ph.D., deputy. Director of the audit service of Balt-Audit-Expert LLC.
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By number 80, the compilers of the chart of accounts understand two completely different accounts: the “Authorized Capital” itself and “Deposits of Partners”.
Authorized capital
Let's analyze the name of this account. “Capital represents the investments of owners and profits accumulated over the entire period of the organization’s activities” (clause 7.4 of the accounting concept in market economy Russia). Account 80 “Authorized capital” does not take into account the entire capital of the organization, but only that part of it that is indicated in its charter, hence the name of this part of the capital.
Authorized capital is minimum size property of an organization that guarantees the interests of its creditors. By decision of the founders (participants), the amount of the authorized capital may increase or decrease, but at the same time, appropriate changes must be made to the charter so that the balance of account 80 “Authorized capital” corresponds to the amount of the authorized capital recorded in the charter.
The authorized capital of joint stock companies is equal to the nominal value of their shares, regardless of the price actually paid for them. Similarly, the authorized capital of an LLC is equal to the nominal value of the shares of its participants.
Some organizations (full partnership, limited partnership) according to the law do not have a charter in their constituent documents, therefore the amount of funds contributed by the founders is called share capital.
As is known, state and municipal unitary enterprises are not endowed with the right of ownership of the property assigned to them by the owner, as a result of which the total amount of this property is called the “authorized capital”. Based on the above, account 80 “Authorized capital” should have a more precise name “Authorized (share) capital (fund)”, but for convenience it was called more briefly “Authorized capital”.
Currently, a procedure widespread in the West has been adopted, according to which the credit of account 80 “Authorized capital” should always show the same amount, equal to that specified in the organization’s charter. As soon as it is registered, an entry is made immediately:
Credit 80 "Authorized capital"
And if entries are constantly made on almost all accounts throughout the entire activity of the enterprise, as a result of which their balance changes, then the balance on account 80 “Authorized capital” always remains unchanged.
And only in those cases when the founders decide to either increase or decrease the amount of the authorized capital, and this happens rarely, account 80 “Authorized capital” is either debited (in case of a decrease) or credited (in case of an increase).
Outwardly, the account seems symbolic, since there is no movement on it, but it is precisely it that serves as the primary source that gives life to the enterprise and supports this life.
For many organizational and legal forms of organizations, the law provides for a minimum amount of authorized capital (for example, for an OJSC - no less than a thousand times, for CJSC and LLC - no less than a hundred times the amount of the minimum wage established by federal law on the date of state registration of the company). This is done to protect the interests of the organization's creditors.
An increase in the authorized capital of an organization can be either from its own sources (additional capital, retained earnings, etc.) or from additional contributions from participants.
In a joint stock company, increasing the authorized capital due to:
- funds received by the issuing joint stock company from the sale of its shares in excess of their nominal value (share premium);
- retained earnings of the issuing joint stock company;
- funds from the revaluation of fixed assets of the issuing joint stock company
occurs as a result of the placement of additional (including convertible) shares by distributing them among its shareholders.
According to paragraph 3.4 of the resolution of the Federal Commission for the Securities Market dated September 17, 1996 No. 19 “On approval of standards for issuing shares when establishing joint-stock companies, additional shares, bonds and their prospectuses" amendments to the charter of a joint-stock company regarding the assessment of shareholders' contributions to the authorized capital and state registration of changes made to the charter must be carried out on the basis of a decision to increase the authorized capital by placing additional shares and a registered report on the results of the issue of additional shares. Procedure The issue of additional shares of the joint-stock company, placed by distributing them among shareholders, includes the following stages:
- preparation of a prospectus for the issue of additional shares (in the event that state registration of the issue of additional shares must, in accordance with the standards, be accompanied by registration of their prospectus);
- state registration of the issue of additional shares and (if the state registration of the issue of additional shares must, in accordance with the standards, be accompanied by the registration of their issue prospectus) registration of their issue prospectus;
- distribution of additional shares;
- registration of a report on the results of the issue of additional shares.
After registering the report on the results of the issue of additional shares placed by distribution among shareholders, changes are made to the charter of the joint-stock company related to an increase in the authorized capital by the par value of the additional shares placed, an increase in the number of placed shares and a decrease in the number of authorized shares of the corresponding categories (types).
In accordance with clause 8.1 of the resolution of the Federal Commission for the Securities Market dated September 17, 1996 No. 19, state registration of the issue of shares must be accompanied by registration of their prospectus in the case of:
- distribution of shares among the founders of a joint-stock company upon its establishment, if the number of founders exceeds 500 and (or) the nominal value of the issue (volume of issue) of shares exceeds 50 thousand minimum wages;
- distribution of shares among shareholders of the joint-stock company, if their number exceeds 500 and (or) the nominal value of the issue (volume of issue) of shares exceeds 50 thousand minimum wages;
- conversion of shares in cases where the number of their acquirers exceeds 500 and (or) the nominal value of the issue (volume of issue) of shares exceeds 50 thousand minimum wages;
- open subscription;
- closed subscription for securities, if the number of their acquirers exceeds 500 and (or) the nominal value of the issue (volume of issue) of securities exceeds 50 thousand minimum wages.
In accordance with clause 16 of Article 251 of the Tax Code of the Russian Federation, the cost of shares additionally received by the shareholder organization, distributed among shareholders by decision general meeting in proportion to the number of shares they own, or the difference between the par value of new shares received in exchange for the original ones and the par value of the initial shares of the shareholder when distributing shares among shareholders when increasing the authorized capital of a joint-stock company (without changing the shareholder's share of participation in this joint-stock company) is not taken into account when determining tax base to calculate income tax.
The authorized capital at the expense of additional contributions from shareholders is increased by subscription, which means the placement of securities on the basis of agreements (including purchase and sale agreements, exchange). The placement of securities by open subscription (public placement, public issue) involves the placement of securities among an unlimited circle of persons, by closed subscription (private placement) - among a predetermined circle of persons.
Amendments to the charter of a joint stock company and their state registration are also carried out on the basis of a decision to increase the authorized capital by placing additional shares by subscription and a registered report on the results of the issue of additional shares. In this case, the procedure for issuing additional shares of the joint-stock company, placed by subscription, includes the following stages:
- approval by the joint stock company of the decision to issue additional shares;
- preparation of a prospectus for the issue of additional shares (in the event that state registration of the issue of additional shares must, in accordance with these Standards, be accompanied by registration of their prospectus);
- state registration of the issue of additional shares and (in the event that state registration of the issue of additional shares must, in accordance with these Standards, be accompanied by registration of their issue prospectus) registration of their issue prospectus;
- production of share certificates (in case of placement of additional shares in documentary form) and (if state registration of the issue of additional shares was accompanied by registration of their issue prospectus) disclosure of information contained in the share issue prospectus;
- subscription to additional shares;
- registration of a report on the results of the issue of additional shares;
- disclosure of information contained in the report on the results of the issue of additional shares (if the state registration of the issue of additional shares was accompanied by registration of their prospectus).
The placement of shares by subscription is carried out within the period specified in the registered decision on the issue of securities. This period cannot exceed one year from the date of approval of the decision to issue securities.
Legislative acts establish restrictions on the price at which shares can be purchased by shareholders. Payment for company shares is carried out at market value, but not lower than their nominal value (clause 1, article 36 Federal Law dated December 16, 1995 No. 208-FZ and clause 11.18. Resolution of the FCSM dated September 17, 1996 No. 19). When establishing a joint stock company, the founders pay for shares at their nominal value.
The Company has the right to place shares at a price below their market value in the following cases:
- placement of additional ordinary shares to shareholders - owners of ordinary shares of the company in the event that they preemptive right acquisition of such shares at a price that cannot be lower than 90% of their market value;
- placement of additional shares with the participation of an intermediary at a price that cannot be lower than their market value by more than the amount of the intermediary's remuneration, established as a percentage of the placement price of such shares.
In accordance with clause 10.1 of the resolution of the Federal Commission for the Securities Market dated September 17, 1996 No. 19, the placement of securities (with the exception of the distribution of shares among the founders of a joint-stock company upon its establishment) before the state registration of their issue is prohibited. State registration of the issue of shares cannot be carried out:
- until full payment of the authorized capital of the joint-stock company - issuer (except for the issue (issues) of shares placed by distributing them among the founders of the joint-stock company upon its establishment);
- before registering reports on the results of all previously registered issues of shares and making appropriate changes to the charter of the issuing joint stock company.
When increasing the authorized capital, the amount of the increase is reflected in the credit of account 80 “Authorized capital” in correspondence with the accounts:
- - due to additional contributions of participants;
- 83 "Additional capital"- due to additional capital;
- - at the expense of retained earnings;
- 66 “Settlements for short-term loans and borrowings” and/or 67 “Settlements for long-term loans and borrowings”- by converting the company's bonds into shares.
According to paragraph 4 of Article 35 of the Federal Law of December 26, 1995 No. 208-FZ “On Joint-Stock Companies”, if at the end of the second and each subsequent financial year the value of the net assets* of the joint stock company will be less than the authorized capital; the company is obliged to reduce its authorized capital to an amount not exceeding the value of its net assets. If the value of the net assets of a joint stock company becomes less than the minimum amount of authorized capital determined by law, the company is subject to liquidation.
*Note: The methodology for their calculation is determined by the joint order of the Ministry of Finance of Russia and the Federal Commission for the Securities Market dated August 5, 1996 No. 71 and 149 “On the procedure for assessing the value of net assets of joint-stock companies.”
When the authorized capital is reduced, the amount of the decrease is reflected in the debit of account 80 “Authorized capital” in correspondence with the accounts:
- 75.1 "Calculations for contributions to the authorized (share) capital"- for the amount of incomplete payment of deposits on time or failure to comply with the requirements for registration of changes in constituent documents;
- 84 "Retained earnings (uncovered loss)" - when reducing the authorized capital in order to bring it into line with the size of the company’s net assets;
- 81 "Own shares (shares)"- cancellation of shares (stakes) purchased from shareholders (participants).
The explanations to account 80 “Authorized capital” say: “Analytical accounting for account 80 “Authorized capital” is organized in such a way as to ensure the formation of information on the founders of the organization, stages of capital formation and types of shares.” To do this, for account 80 “Authorized capital” it is necessary to open analytical accounts for each founder indicating the amount of his contribution to the authorized capital. This information is necessary to resolve questions about the amount of income from participation in the organization to be paid to each participant, about the distribution of property between the founders of the enterprise upon its liquidation, etc.
The founders, within three months from the date of registration of the partnership or company, must make contributions in the amount of at least 50% of the authorized (share) capital, and the remaining amount - within deadline(usually within a year from the date of registration of the organization). Therefore, analytical accounting for account 80 “Authorized capital” must be maintained in such a way as to provide information on the amount of paid and unpaid capital and compliance with payment deadlines. For this purpose, in particular, in joint-stock companies it is recommended to open the following sub-accounts for account 80 “Authorized capital”: “Announced capital” (in the amount recorded in the charter of the joint-stock company), “Subscribed capital” (for the value of the shares for which the subscription was made) , “Paid-up capital” (in the amount of funds contributed by the founders), “Withdrawn capital” (for the value of shares withdrawn from circulation by repurchasing them from shareholders), etc.
After the state registration of a joint-stock company, an entry is made for the amount of its authorized capital:
Debit 75.1 "Calculations for contributions to the authorized (share) capital"
Credit 80 "Authorized capital" subaccount "Announced capital"
The nominal value of the shares for which the subscription was carried out:
Debit 80 "Authorized capital" subaccount "Announced capital"
Credit 80 "Authorized capital" subaccount "Subscribed capital"
As shares are paid for, an entry is made for their value:
Debit 80 "Authorized capital" subaccount "Subscribed capital"
The following entry is made for the amount of own shares purchased from shareholders:
Debit 80 "Authorized capital" subaccount "Paid-up capital"
Credit 80 "Authorized capital" subaccount "Withdrawn capital"
Upon further sale of own shares purchased from shareholders:
Debit 80 "Authorized capital" subaccount "Withdrawn capital"
Credit 80 "Authorized capital" subaccount "Paid-up capital"
Joint stock companies have the right to place ordinary shares, as well as one or more types preferred shares. If this is the case, then account 80 “Authorized capital” in joint-stock companies should include a section analytical accounting by type of shares placed.
Comrades' contributions
Under a simple partnership agreement (joint activity agreement), two or more persons (partners) undertake to pool their contributions and act together without forming a legal entity to make a profit or achieve another goal that does not contradict the law. The fact that a simple partnership does not function as legal entity, facilitates its creation in many ways, since state registration is not required.
The contribution of a comrade is recognized as everything that he contributes to the common cause, including money, other property, as well as professional and other knowledge, skills and abilities, business reputation and business connections. The partners' contributions are assumed to be equal in value, unless otherwise follows from the simple partnership agreement. The amount of contributions is assessed by agreement between the partners.
Property contributed by partners is recognized as their common property shared ownership, unless otherwise provided by law or a simple partnership agreement. Responsibilities of fellow keepers common property and the procedure for reimbursement of expenses associated with the performance of these duties are determined by the contract.
The procedure for accounting for transactions of simple partnerships is established by instructions for reflecting in accounting transactions related to the implementation of a simple partnership agreement, approved by Order of the Ministry of Finance of Russia dated December 24, 1998 No. 68n.
They may entrust accounting of common property to one of the partners of the partnership. The partner entrusted with the management of common affairs acts on the basis of a power of attorney issued by the remaining participants in the simple partnership agreement. The property contributed by the participants is accounted for on a separate balance sheet of the partner who is entrusted with the management of the common affairs of the parties to the agreement. Data from a separate balance sheet are not included in the balance sheet of a partner enterprise conducting common affairs.
Each partner reflects his contributions under the simple partnership agreement in the debit of account 58 " Financial investments"with crediting of accounts for recording valuables transferred to the partnership.
Upon termination of the contract, things transferred into the common possession and/or use of the partners are returned to the partners who provided them and are reflected in the debit of the accounts for recording valuables and the credit of account 91 “Other income and expenses.” For the amount of depreciation of fixed assets and intangible assets, an entry is made in the credit of accounts 02 “Depreciation of fixed assets” and 05 “Depreciation of intangible assets” and in the debit of account 91 “Other income and expenses,” respectively. At the same time, an entry is made to the debit of account 91 “Other income and expenses” and the credit of account 58 “Financial investments”.
Accounting for transactions under a simple partnership agreement, including accounting for income and expenses, as well as calculation and accounting financial results carried out by a partner conducting common affairs in accordance with the generally established procedure.
Accounting for objects of property contributed by partners is carried out on the basis primary documents on the posting of property. In this case, the partners’ contributions are reflected in the debit of the accounts of property objects (51 “Current accounts”, 01 “Fixed assets”, 41 “Goods”, etc.) and the credit of account 80 “Deposits of the partners”. Before switching to new plan accounting accounts, in accordance with the above instructions, account 74 “Settlements on property allocated to a separate balance sheet” was credited to the subaccount “Settlements under a simple partnership agreement”.
Upon expiration of the term of the simple partnership agreement or its termination, the property located in common property comrades, subject to division. When returning this property, the partner conducting common affairs debits account 80 “Deposits of partners” in correspondence with account 91 “Other income and expenses”. At the same time, an entry is made in the debit of account 91 “Other income and expenses” in correspondence with the property accounting accounts (01 “Fixed assets”, 10 “Materials”, 41 “Goods”, etc.). The amount of depreciation of fixed assets and intangible assets is recorded accordingly in the debit of accounts 02 “Depreciation of fixed assets” and 05 “Depreciation of intangible assets” in correspondence with account 91 “Other income and expenses”.
In order not to get confused where in the account contributions are taken into account and where dividends are taken into account, it can be divided into 2 sub-accounts: the sub-account “Contributions to the authorized capital” and the sub-account “Dividends”. Also according to account. 75 you can keep analytical records for each individual founder. Postings for accrual and payment of dividends:
- D84 K75 – accrual of dividends;
- D75 K51 – payment of dividends.
As you can see, the process of paying dividends is divided into two stages: accrual and direct payment. For convenience, we will summarize all the postings given in the article into one table. Table with postings Video: Accounting for management capital in 1C In the article, we got acquainted with two accounts in the Chart of Accounts: 80 “Authorized capital” and 75 “Settlements with founders”, analyzed the accounting of the authorized capital, and made the first few entries. Read also about how a founder can provide financial assistance to the enterprise.
Account 80 in accounting: entries for authorized capital with examples
Return of funds transferred by the founder on account of his contribution upon termination of the joint activity agreement 80 81 Authorized capital is reduced by the amount of canceled shares purchased from shareholders Typical entries for the credit of account 80 “Authorized capital” D-t Set Contents business transaction 04 80 A participant in a simple partnership transfers intangible asset(the right to use the program, for example) on account of his contribution 11 80 A participant in a simple partnership makes a contribution to a simple partnership in the form of an animal 75 80 The founder’s debt on contribution to the authorized capital has been accrued 83 80 Increase in the authorized capital of the company due to additional capital 84 80 Increase in the authorized capital for account of net profit remaining at the disposal of the company How to calculate vacation pay correctly and have time to relax.
Account 80 "authorized capital"
In the accounting of LLC “Faza”, the entries were reflected as follows: Dt Ct Description Amount Document 68 51 The amount of state duty 780 rubles was transferred. Payment order 83 80 The authorized capital of LLC “Faza” was increased due to its own property RUB 380,000. Minutes of the board 91_2 68 The amount of state duty is included in other expenses 780 rubles.
Application for state registration of changes in the charter Sale of a share of the authorized capital A founder or participant who has fully repaid the debt on contribution to the authorized capital has the right to sell his share (or part of the shares):
- to third parties;
- to another participant;
- directly to the organization.
In accounting, the sale of a share (shares) is reflected by posting Dt 81 Kt 75, regardless of the method and type of sale. Let's consider an example: A participant in Ryabina LLC, K.T. Markov, who owns a share worth 780,000 rubles, decided to sell the share in favor of the organization.
Prednalog.ru
Until 2014, a different procedure was followed for depositing funds into a current account:
- Opened savings accounts before registering an LLC.
- They contributed 50% or more of the authorized capital to the account.
- The remainder was paid within a year after the organization was registered.
Depositing money into a bank account must be completed for each participant separately (according to the available share). If the participant in the creation of the company does not pay for the share on time, it will be transferred to other founders. The fact that funds have been deposited into the account, tax authority or any other authority does not need to be notified.
All information will be reflected in accounting documents and reports.
After these changes are approved by the relevant order and changes are made to the constituent documents of the enterprise, it will be possible to change the amount of the authorized capital on the account. 80, increasing or decreasing it by appropriate wiring. This happens extremely rarely, so, as a rule, every month when we close an account, we get the same thing credit balance and move it to the next month. And we will continue to do this from month to month until the founders decide to liquidate the LLC for any reason, then count.
80 will be closed by writing the same amount as a debit and closing balance will become equal to 0. Founders of the company The founders (participants) of the company form the management company. Each founder must make a contribution to the authorized capital in accordance with the size of his share. Depending on the size of the share in the management company, profits from the organization’s activities will be distributed.
- Account 80 “authorized capital”
- Accounting for authorized capital and settlements with founders (accounts 80 and 75).
- Posting debit 80 credit 80 (nuances)
- Authorized capital: postings
Account 80 in accounting: entries for authorized capital with examples Description of entry Document-basis 01 83 40 000 Increase in the initial cost of fixed assets Documents on market value, revaluation sheet, inventory card for accounting for fixed assets 83 02 20 000 Increase in depreciation for fixed assets Accounting reference-calculation 83 80 20 000 Increase in the capital Constituent documents It is important to take into account that if the founder-legal entity makes a contribution to increase the authorized capital before the official registration of changes in the constituent documents, the Federal Tax Service may require it to be taken into account as gratuitously received funds.
What entries are used for authorized capital
Attention
Mainly, the minimum value depends on the size of the minimum wage (minimum wage), which is indexed annually. For example, in 2013 the minimum wage was 5,205 rubles, in 2014 - 5,554 rubles. Only the minimum value of the charter capital for an LLC does not depend on the minimum wage and is a fixed value, and quite small.
Info
Minimum permissible amount of authorized capital:
- for LLC and partnership - 10 thousand rubles;
- for closed joint stock companies - 100 minimum wages;
- for OJSC - 1000 minimum wage;
- for municipal enterprises - 1000 minimum wages;
- for a state enterprise - 5000 minimum wage.
The authorized capital, along with additional and reserve capital, form the organization's own capital. Video lesson “Score 75, 80 in accounting. Accounting for authorized capital. Accounting for settlements with founders" The video describes accounting accounts 75 and 80 in detail, and discusses typical transactions and transactions.
For this purpose, there is a corresponding account in the Chart of Accounts. Authorized capital accounting account - 80, it is intended to summarize information about the state and movement of the authorized capital (share capital, authorized capital) of the organization. The cost of capital is entered into credit 80, while not forgetting the principle of double entry. This principle applies to every business transaction, and if we deposit something on credit, then we deposit the same amount in debit; all that remains is to determine which account should be debited with this amount. There is an account. 75 “Settlements with founders”, the cost of the starting capital is entered into its debit. That is, in in this case the posting will look like: Debit 75 Credit 80 (D75 K80).
Postings for the formation of the authorized capital Amount Debit Credit Name of transaction xxxx 75 80 The debt of the founders for contributions to the authorized capital is reflected Please note, the account.
The authorized capital of the LLC since 2018, posting 80 account which subaccount
Production cooperatives have their own specifics. As follows from the Instructions, they can add the following subaccounts to the chart of accounts:
- “Mutual fund”, on which a record of the amounts of participants’ contributions and the value of their shares will be kept.
- “Collective fund”, on which the amounts of the main parts not distributed into shares will be recorded, as well as working capital cooperative.
Read more about accounting for authorized capital in the article “Accounting Procedures” equity organization (nuances)". You will find information on the formation of equity capital in the article “Main sources of formation of equity capital.” Business transactions reflected by the posting Debit 80 Credit 80 Entry Debit 80 Credit 80 is used in accounting to reflect transactions in subaccounts or analytical accounts of the “Authorized Capital” account. Let's consider several cases of the appropriateness of such wiring: 1.
You will only need to choose which account DT to enter information into. The posting may look like this - Dt 75 Kt 80. Passive accounts have a credit balance, which can be changed when changes are approved by orders. But usually the credit balance remains unchanged. Through the cash desk The founders have the right to contribute funds to the authorized capital through the cash register. The company manages these funds without depositing them into current accounts. But remember that the size of net assets at the end of all periods (from the second) should be higher minimum amount, which is reflected in the charter. In 2014, a law was adopted according to which founders can contribute funds to the authorized capital of up to 10 thousand.
rubles in cash (Article 66.2 Civil Code). The amount that exceeds this limit can be contributed in cash or property equivalent. Participants have the right to decide whether to deposit money through the cash register or into a current account.
The lesson is taught by an expert from the site “Accounting for Dummies”, chief accountant Gandeva N.V. ⇓ You can download the presentation for the video using the link below. Download the presentation “Account 75, 80 in accounting” in PDF format Accounting for settlements with founders To account for settlements with founders, there is an account 75. As mentioned earlier, from credit 80 to debit 75 we record the value of the authorized capital of the enterprise.
Credit 75 includes contributions from the founders as they are received. Depending on the type of contribution account. 75 corresponds with the corresponding accounts. Redemption of share in authorized capital may be in cash or in the form of property.
If the founders transfer the contribution to the authorized capital in money to the current account, then the posting will be as follows: D51 K75, making a contribution to the cash desk - D50K75. If the founder makes a contribution in the form of goods, then the posting will look like: D41 K75, where account. 41 "Products".
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