unused balances of funds at the end of the period

[Joywtome231]

During the period of realization of the useful life of the received object, income of future periods is attributed to other income of the current period.

Debit 98.2 Credit 91

Reflection of future period income in balance sheet lines
The DBPs within the balance sheet are recorded as part of liabilities, even though they take into account the organization's income. The fact is that the received DBPs still represent debt to clients, which is similarly repaid as the company fulfills its main obligations.

When a person has paid for a music subscription for a year in advance, the service has not yet had time to provide the entire service. Therefore, the business is kind of "owed" to the client, since it has already received the full payment. Such "income" must be attributed to a specific line of the balance sheet - 1530. And, as already mentioned, the line "Income of future periods" above can only contain receipts that are stipulated in the regulatory documents of the Russian Federation.

For example, future income includes:

grants;
leasing;
budget funds to finance expenses, etc.

Now let's figure out why line 1530 is used and how it is "equalized" with assets. The main romania phone number list feature is that the line is connected with another part of the liabilities - "Retained earnings (uncovered loss)". This section indicates that the company has a profit that must be returned to the owners (debt). Below is an example of liabilities of the balance sheet and the necessary lines are highlighted.


In real life, it happens that funds have already been received, but there is no debt to the owners yet, the date has not arrived. Let's look at an example.


As a result, the 700,000 rubles that were credited to the current account cannot be recognized as profit. In the context of accounting, this is only an advance from the state. That is, such funds will become income and can be recorded in the corresponding articles only in the future. Line 1530 "Income of future periods" is where such accounting is conducted. It was created specifically for such situations.