Inventory of assets and liabilities in accordance with FSBU 28/2023 «Inventarization»

Abstract

To ensure the reliability of accounting indicators and accounting (financial) statements, as well as economic security, it is necessary for agricultural organizations to conduct a timely inventory of assets and liabilities. Inventory is the most important accounting tool and methodological method of economic control for identifying the actual presence of assets and liabilities in an organization, as well as establishing their actual existence, assessing their condition and the validity of their presence in an economic entity. Therefore, a systematization of cases has been carried out for the mandatory inventory of the organization’s assets and liabilities. The qualifications, procedure for registration and evaluation of inventory results in accounting are given. Correspondence accounts for transactions reflecting inventory results in accounting were compiled.