Why is taxation not direct theft?

Where the problems are:

  • The right account
  • Material / goods spoilage
  • Theft of goods
  • Extent of material / goods spoilage

1 How to account correctly!

Practice guide:

"The right account"

Account name

Incoming goods 19% input tax
Own chart of accountsSKR 03
6085SKR 04
Cost center / key

Practice guide:

"The right account"

Account name

Losses from the disposal of fixed assets
Own chart of accountsSKR 03
6962SKR 04
Cost center / key

How to account correctly!

Corruption and theft reduce profits. So it is important that these amounts are recorded correctly. In the case of goods theft, there is no direct need for action because the goods are already transferred to the expense account "goods purchase 19% input tax" 3400 (SKR 03) or 5400 (SKR 04) or to the expense account "goods purchase 7% input tax" 3300 (SKR 03). or 5300 (SKR 04) have been posted.

Booking record:

Goods Receipt

in trade payables

If fixed assets are stolen from an entrepreneur, the remaining book value must be booked as an expense. The entrepreneur posts the involuntary departure to the account "Losses from the disposal of fixed assets" 2320 (SKR 03 or 6900 (SKR 04)

Booking record:

Losses from the disposal of fixed assets

of economic goods

2 Practical example for your accounting: theft or destruction of fixed assets

Mr. Krüger runs a bistro. During the nice summer weather he leaves the grill, secured with a chain, on the bistro terrace. After a hectic day, he forgets to chain up the grill. This negligence leads to the grill being stolen later in the night. His insurance company refuses to compensate for the damage. In his bookkeeping, the grill is still shown with a book value of EUR 1,400. Mr. Krüger must now write off this amount.

Booking proposal:

SKR 03

2320Losses from the disposal of fixed assets1.400at0400Operating equipment (grill)1.400

SKR 04

9970Losses from the disposal of fixed assets1.400at0690Operating equipment (grill)1.400

In the event of a loss of fixed assets, the entrepreneur posts the book value as an expense. Namely, he may no longer show an asset that is no longer available in his fixed assets. It doesn't matter whether the item was stolen or destroyed. He also books the loss of fixed assets if the insurance reimburses the damage. In the case of new value insurance, the insurance i. d. Usually the fair value, which does not match the book value. If z. B. If the insurance reimburses Mr. Krüger's damage with an amount of 1,800 EUR, he books the asset disposal as stated above. He records the reimbursement of the insurance as follows:

Booking proposal:

SKR 03

1200Bank1.800at2742Insurance compensation1.400

SKR 04

1800Bank1.800at4970Insurance compensation1.400

3 Theft or loss of goods

The spoilage of goods is not recorded because the effect on profit results automatically. Purchases of goods and materials are posted as an expense in total, to the "Goods purchase" account or to the "Purchase of raw materials and supplies" account. This means that the goods that are spoiled are already recorded as expenses from the outset. The same applies to material that has become unusable over time.

The expense that was posted via the "Purchase of goods" or "Purchase of raw materials and supplies" accounts,

  • is and remains an expense if the profit is created using an income surplus calculation,
  • is corrected when accounting for the inventory of goods / materials that existed at the beginning and end of a year.

The consumption of goods / materials (= final expenditure) for the respective year is obtained as soon as the change in the inventory of goods / materials is taken into account. The inventory of goods and materials is determined by an inventory.

With an inventory, the entire inventory is recorded at the end of the year. The inventory of goods as well as raw, auxiliary and operating materials takes place in the form that each individual article is counted and entered in a directory. Material that is no longer usable may no longer be counted. The actual cost of goods or material use, which also includes spoiled goods and no longer usable material, is to be determined according to the following scheme:

Purchase of materials
+Material stock from 1.1.
-Material inventory on December 31
=Material input (effort)

Theft of goods

Mr. Krüger runs a grocery store. He has to dispose of some of his goods because they have spoiled or the expiry date has expired. In spite of all precautionary measures, he cannot prevent goods from being stolen.

However, Mr. Krüger has no way of determining the extent to which goods are stolen from his shop. That would only be possible if he caught every thief directly. That would be the ideal case, because then no sh ...

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