Postings on account 42 trade margin. Retail trade margin accounting entries

14.11.201927.05.2017

Account 42 "Trade margin" is intended to summarize information on trade margins (discounts, markups) for goods in organizations engaged in retail trade, if they are recorded at sales prices.

Account 42 "Trade margin" also takes into account discounts provided by suppliers to organizations engaged in retail trade for possible loss of goods, as well as for reimbursement of additional transportation costs.

Account 42 "Trade margin" is credited upon acceptance of accounting goods for the amount of the trade margin (discounts, capes).

The amounts of the trade margin (discounts, markups) for goods sold, released or written off due to natural loss, marriage, damage, shortage, etc., are reversed on the credit of account 42 "Trade margin" in correspondence with the debit bills 90"Sales" and other relevant accounts. The amounts of discounts (markups) related to unsold goods are specified on the basis of inventory lists by determining the due discount (markup) for goods in accordance with the established sizes.

The amount of the discount (markup) on the balance of unsold goods in organizations engaged in retail trade can be determined by the percentage calculated on the basis of the ratio of the amount of discounts (markups) on the balance of goods at the beginning of the month and the turnover on the credit of account 42 "Trade margin" (excluding reversed amounts) to the sum of goods sold during the month (at sales prices) and the balance of goods at the end of the month (at sales prices).

Analytical accounting on account 42 "Trade margin" should provide separate reflection of the amounts of discounts (markups) and price differences related to goods in organizations engaged in retail trade and goods shipped.

Account 42 "Trade margin"
corresponds with accounts

by debit	on credit
	41 Items 44 Selling expenses 90 Sales 94 Shortfalls and losses from damage to valuables

Chart of accounts application: account 42

How should the markup (as a percentage) be reflected in retail sales in accounting?
Accounting uses account 42 "Trade margin". Account 42 reflects information on trade margins (discounts, capes ...). Like any other operation, the margin ... "Goods" and the credit of account 42 "Trade margin" for the difference between the cost ... the sale value of goods on the credit of account 42 "Trade margin" is reversed to debit ... 600,000 rubles, and the trade margin (the balance on the credit of account 42) is 100,000 rubles ...
Formation of the initial (purchase) cost of goods in a retail organization
To reflect the trade margin (discount), account 42 "Trade margin". The Instructions to account 42 “Trade margin”, approved by the Order ... indicate that: “Account 42 “Trade margin” is intended to summarize information on trade margins (discounts, discounts ... additional transportation costs. Account 42 “Trade margin” is credited "When accepting to ... components of the trade margin in the following order: account 42 "Trade margin" subaccount 42-1 "Trade margin"; account 42 "Trade margin" subaccount 42-2 ...
Retail sale of glass, porcelain, faience
Retail
Trade margin (discount) account 42 "Trade margin". In the Instructions to account 42 “Trade margin”, the Chart of Accounts states that: “Account 42 “Trade margin ...” is intended to summarize information on trade margins ... at sales prices. Account 42 "Trade margin" also takes into account discounts, ... transportation costs. Account 42 “Trade margin” is credited when accepting ...
Calculating Gross Margin in a Retail Organization Using Sales Prices
Reverse the amount of the trade margin reflected in account 42 “Trade margin”. This ... account 42 "Trade margin" for the month); H in - trade margin on retired goods (debit turnover on account 42 “Trade margin ... account 42 “Trade margin”); H in - trade margin on retired goods (debit turnover on account 42 "Trade margin"); H k - trade margin ... on the balance of goods at the end of the reporting period (account balance 42 “Trade margin ...
Taking into account the trade margin, naturally, account 41 “Goods” arose in correspondence with account 42 “Trade margin”. In addition ... in relation to account 42 “Trade margin”, it was said: “Account 42 “Trade margin” is intended to summarize information on trade margins (discounts ... to sub-accounts, namely: 42.1 “Trade margin”; 42.2 “VAT ". Correspondence of accounts Amount, rubles Content ... operations Debit Credit 41 "Goods" 42.1 "Trade margin ...
Execution of documents and determination of the financial result from the provision of catering services
The structure of the trade margin in the organization "Diana" LLC on account 42 "Trade margin" opened the following sub-accounts: 42.1 "Trade margin"; 42 ... balance and credit turnover on account 42 "Trade margin" (amount A). 2. The final ones are summarized ... maintains analytical records for account 42 "Trade margin" (42.1 "Trade margin" and 42.2 "VAT"), then a similar ... "sub-account "Cost of sales" 42.1 "Trade margin" 2048 Trade margin reversed attributable to sold products ...
Product markdown. Consider the nuances
The amount of the trade margin, then the accountant makes a reversal entry on the debit of account 41 ... in correspondence with the credit of account 42 "Trade margin". EXAMPLE 2 ... 2 pcs.) - the realized trade margin has been reversed; DEBIT 90 subaccount "VAT" ... . If the markdown amount exceeds the trade margin (that is, the sales value ... the entire amount of the trade margin: DEBIT 41 CREDIT 42 - the trade margin is reversed for discounted ... - the markdown of goods in excess of the trade margin is reflected. If you approach the situation formally ...
Accounting for the retail sale of glass, porcelain, faience
That is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. According to the Instructions to the Plan ... of the month and turnover on the credit of account 42 "Trade margin" (excluding reversed amounts) to ... period (balance of account 42 "Trade margin" at the beginning of the reporting period); TN p - trade margin on goods ...; ТН в - trade margin on retired goods (turnover on the debit of account 42 “Trade margin”); T - turnover ... in the amount of 80,000 rubles; On account 42 "Trade margin" - 15,514 rubles; Behind...
Retail sale of books
Retail trade in furniture
Retail trade organizations reflect the trade margin on the credit of account 42 "Trade margin" in correspondence with the debit ... of account 41 "Goods". Proceeds from the sale ..., that is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. This difference representing gross... . All products have a 40% markup. Correspondence of accounts Amount, rubles Content of the operation...
Peculiarities of retail trade in air conditioners, ventilation equipment
Retail trade organizations reflect the trade margin on the credit of account 42 "Trade margin" in correspondence with the debit ... of account 41 "Goods". Proceeds from the sale ..., that is, reverse the amount of the trade margin reflected in account 42 “Trade margin”. This difference representing gross... . All products have a 40% markup. Correspondence of accounts Amount, rubles Content of the operation...
Accounting price of products (raw materials) in public catering
Trade margin. And since the possibility of accounting for raw materials was allowed, taking into account the trade margin, naturally, an account arose ... 41 "Goods" in correspondence with account 42 "Trade margin". Entry ... or account 41 "Goods", or at the selling price with the addition of a trade margin and ..., respectively, with reflection on account 41 "Goods ... with the addition of a trade margin. Suppose that in Bogatyr LLC the value of the trade margin is ...
Accounting for the sale of finished products and determining the financial result of a public catering organization
Then, on the credit of account 42 “Trade margin”, the amounts of trade discounts and surcharges on ... prices are taken into account as accounting, the trade margin is a source of income. ... "42 "Trade margin" - reversal Trade discount (margin) related to sold products and goods written off Trade margin, ... in practice, there are several ways to determine the trade margin, however, the most common is ... (account 41.2) Using the average percentage, you can determine which trade margin applies ...
Your organization buys goods and materials at a discount
The application of the Chart of Accounts does not provide for debit transactions on account 42 "Trade margin". If ... the resulting discount is written off to the debit of account 90 ... account 60 and at the same time the trade margin is adjusted in correspondence with the credit of account 42, then the amount of the trade margin ... will decrease. But on account...

The indicator of the trade margin is used in the formation of prices for goods sold by retailers. To account for the amounts of trade margins, account 42 is used. accounting entries on account 42. Content

1 The procedure for the formation of the trade margin
2 Typical postings on account 42
- 2.1 Forming a markup on a product - an example
- 2.2 Postings to write off markups on goods sold

The procedure for the formation of the trade margin According to the law, each company has the right to independently determine the retail price of the goods sold. Consequently, the amount of the trade margin and, as a consequence, the selling price of the goods, is determined by the organization in each individual case.

Postings on account 42 - realized trade margin

The following transactions can be used to determine the markup:

Dt 41-2 - Kt 42 - the markup is reflected.
Dt 90 - Kt 42 - the amount of markup as a result of damage, loss of goods was reversed.

For the balance of goods, the markup is determined as follows: a percentage consisting of the ratio at the beginning of the month of the amount of the markup on the balance of goods and those received during the month to the amount of goods sold and final balances. The amount of goods sold is determined by selling prices.

In organizations paying VAT, the formation and accounting of the markup is different. For example, tax evaders (organizations on the simplified tax system or exempt from VAT) form a margin on account 42 itself.

Trade markup accounting

In addition to food products, the list of goods for which control over selling prices can be established includes children's goods, medicines, medical products, goods intended for sale in the Far North and areas equated to it. When cases of overpricing for goods regulated by states are identified, responsible persons and organizations are expected to be fined.

Fines of up to 50,000 rubles are provided for management, for legal entities― twice the amount of revenue exceeded as a result of overstatement for the entire period of overstatement, but with a total duration of no more than a year. Accounting of the trade margin (account 42: postings) In the accounting of trade enterprises, the accounting of the trade margin is carried out separately.
For these purposes, the Trade Margin account is used. All sorts of discounts and product losses and other data can also be reflected here.

Accounting in trade

In all these cases, it is necessary to reverse the amount of the trade margin included in the sale price of the goods: Debit 41 Credit 42 - the trade margin on goods has been reduced as a result of their markdown; Debit 44 Credit 42 - the trade margin on goods used for own needs was written off; Debit 94 Credit 42 - the trade margin on goods retired as a result of shortage or damage was written off. When writing off goods as a result of damage or damage, an act is drawn up in the form TORG-15.

Info

It was approved by the Decree of the State Statistics Committee of December 25, 1998 No. 132. The revaluation of goods is carried out on the basis of the order of the head.

It must be formalized with an inventory list-act. This document should indicate: - the name of the goods; - quantity of goods; – old and new retail prices; - the cost of goods in old and new prices; - the amount of markdown or revaluation. HER.

Retail trade markup entries

To reflect data on the value of the trade margin, account 42 is used, on which the following information can be taken into account:

Trade margin;
The amount of discounts;
Possible loss of goods;
Additional shipping costs.

The trade margin in the transactions can be reflected as follows:

The trade margin is calculated using the following entry: Dt 41 Kt 42 - the trade margin has been formed.
In retail sales, subaccount 41.2 is most often used - goods in retail. Posting in this case takes the form: Dt 41.2 Kt 42 - trade margin for retail sales.
When accounting for sold goods, the value of the trade margin is reversed, corresponding with the sales invoice (acc.
90).

Postings for the accounting of goods in retail at sales prices

The trade margin is the income of the organization. If the goods sold are subject to taxes: VAT, excises, then they are included in the margin. To document the size of the trade margin, the company draws up a register of retail prices. He serves primary document on which the markup is calculated. There is no established form for such a register. Therefore, it can be made in any form.

Note that an approximate form of this document is given in Appendix 2 to the letter of the Ministry of Economy dated December 20, 1995 No. 7-1026. The register of retail prices must contain the following details: - company name; - date of compilation; - serial number; - Signature of the director, chief accountant and seal of the company.
The following information must be reflected in the register: - name of the product; – the purchase price of the goods (excluding VAT); - the company's sales margin; - the amount of VAT charged; - retail price per unit of goods.

Trade Accounting Rules

Profit/loss on sales" 99 "Profit and loss" When writing off a defect in trade, the transactions will be as follows, if the defect is detected after the goods are received and the supplier is not guilty of this: from damage to valuables” 41 Losses of goods were written off within the limits of natural wastage 44 94 Losses were written off in excess of the norms of natural wastage (in the absence of guilty persons) 91 “Other income and expenses”, sub-account “Other expenses” 94 Losses from defective goods attributed to the guilty persons 73 “Settlements with personnel for other operations” 94 Accounting in retail trade: account 42 If an organization engaged in retail trade takes into account goods at selling prices, account 42 “Trade margin” is used to summarize information on trade margins (discounts, discounts) for goods ( Order of the Ministry of Finance dated October 31, 2000 No. 94n).

Accounting in trade postings

The implementation of food products essentials. In relation to other products, it is allowed to establish a trade margin in any amount.

Attention

But in this case, the pricing process is greatly influenced by competition, which restrains the growth in the cost of goods. Trade enterprises have the right to establish both a single mark-up for the entire range, and use different values that determine prices for individual product groups.

The selected method will need to be fixed in the accounting policy. Get 267 1C video lessons for free:

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Sales margin entries Sales entries provide an indication of the profit earned.

Account 42: trade margin. example, wiring

The government determines the allowable value for certain goods that have a special social significance. If the product is on the Price Controlled Products List, then their total cost, including the markup, must be formed in accordance with current laws and regulations at the federal and local levels. If there is a steady increase in prices for goods of social importance, the Government has the right to temporarily limit their maximum limit. But it is possible to do this if the level of price increase exceeds 30% over a 30-day period. The maximum allowable value of such goods, set by the Government, may be maintained for up to 90 days. Socially significant goods include the following: meat, milk, sunflower and butter, flour, eggs, sugar, salt, bread, cereals, potatoes, some types of fruits and vegetables.

Sales expenses” 44 Identified profit from the sale of goods at the end of the month 90, sub-account “Profit / loss on sales” 99 In retail trade, accounting (posting) in organizations that keep records of goods without using account 42 will generally be similar to accounting for wholesale sales (taking into account the specifics of settlements - in cash and using plastic cards). It is important to consider that accounting entries in trade also depend on whether the seller owns the ownership of the goods.

After all, in commission trade, the commission agent’s transactions will be different: Operation Debit account Credit account Goods received for commission 004 Goods sold for commission 50, 57, 62 76, subaccount “Settlements with the committent” Sold commission goods are written off 004 The costs associated with the sale of commission goods are reflected not reimbursed by the committent 44 60, 10, 70, 69, etc.

Retail trade margin accounting entries

As a result, the following entry appears: Dt 90 Kt 42 - the trade margin for the goods sold is determined. According to Kt 42 (reversal), the following transactions are also reflected in the correspondence with the corresponding accounts:

Released goods;
Written off goods;
Damage, lack.

The formation of the trade margin in accounting also depends on whether the seller is a VAT payer. If the organization is on a simplified system or applies UTII, then it is allowed to account for the markup directly on account 42.

If the seller charges VAT, then you will need to use subaccounts:

42.1 - trade margin at the price of the supplier;
42.2 - VAT is included in the trade margin.

Thus, when selling goods at retail, the amount of VAT is included in the final price, that is, the seller calculates and pays the tax in the generally accepted manner.

One of the types of entrepreneurship is wholesale and retail trade in products and goods. In this case, the seller's profit is considered to be the trade margin, which is the difference between the initial cost of the goods and the final sale price. In the article, we will analyze the meaning and definition of the trade margin, as well as accounting entries on account 42.

The value of the trade margin

In order to obtain the planned profit, the seller, when selling the goods, forms the cost using the amount of the markup on the initial cost. The resulting difference should cover all estimated costs, including the following:

VAT and other indirect taxes;
sales costs (third party services, employee salaries);
other expenses.

At the same time, the markup provides not only coverage of costs, but also the profit of the seller. At the same time, the value of the trade margin should not interfere with the further competitiveness of the product on the market compared to other similar items.

Video lesson. Account 42 in accounting “Trade margin”: examples

Video lesson on accounting for account 42 “Trade margin”. Lesson leads Chief Accountant, expert, lecturer of the site Gandeva N.V. Typical situations, examples and postings are considered ⇓

Determining the trade margin

To determine the final cost of goods in wholesale and retail trade, different algorithms are used.

In case of wholesale sales, the trade margin is the difference between the selling wholesale price and the purchase price.

To account for retail trade, it is allowed to accept goods not only at cost, but also at final selling prices. Such actions are permissible, since sometimes it is impossible to determine the natural value of a unit of goods. An exception is a unit of large products, for example, household appliances. But when selling smaller goods (stationery, food), detailed accounting is not possible. In retail firms, it is preferable in such cases to take into account the goods at selling prices.

The selling price of the goods consists of the cost price and the added margin. The latter value can be set by organizations themselves, with some exceptions indicated below.

It is allowed to set the markup using the Register of retail prices approved by the head. For any type of product, information is provided about the supplier, the purchase price, the margin in % terms, and the final market price. For each place of subsequent sale, its own price can be set.

An approved registry might look like this:

Product	Provider	Cost price	markup 1	Retail price 1	markup 2	Retail price 2
Pen	LLC "Prestige"	RUB 45.00	30%	RUB 58.50	35%	RUB 60.75
Pen	OOO "Titan"	RUB 54.00	30%	RUB 70.20	35%	RUB 72.90
Pencil	Mechta LLC	RUB 25.00	30%	RUB 32.50	35%	RUB 33.75

The markup can also be the same for all types of goods or depend on their type. The chosen method of determining retail prices is recommended to be fixed in the current accounting policy.

State regulation of pricing

Prices for certain products are controlled by the state. The government determines the allowable value for certain goods that have a special social significance. If the product is on the Price Controlled Products List, then their total cost, including the markup, must be formed in accordance with current laws and regulations at the federal and local levels.

If there is a steady increase in prices for goods of social importance, the Government has the right to temporarily limit their maximum limit. But it is possible to do this if the level of price increase exceeds 30% over a 30-day period. The maximum allowable value of such goods, set by the Government, may be maintained for up to 90 days.

Socially significant goods include the following: meat, milk, sunflower and butter, flour, eggs, sugar, salt, bread, cereals, potatoes, some types of fruits and vegetables. In addition to food products, the list of goods for which control over selling prices can be established includes children's goods, medicines, medical products, goods intended for sale in the Far North and areas equated to it.

When cases of overpricing for goods regulated by states are identified, responsible persons and organizations are expected to be fined. For management, fines of up to 50,000 rubles are provided, for legal entities - in the double amount of revenue exceeded as a result of overstatement for the entire period of overstatement, but with a total duration of no more than a year.

Accounting for the trade margin (account 42: postings)

In the accounting of trade enterprises, the accounting of the trade margin is carried out separately. For these purposes, the Trade Margin account is used. All sorts of discounts and product losses and other data can also be reflected here.

The following transactions can be used to determine the markup:

Dt 41-2 - Kt 42 - the markup is reflected.
Dt 90 - Kt 42 - the amount of markup as a result of damage, loss of goods was reversed.

If a trading company is a payer of this indirect tax, then it must use 2 sub-accounts:

42-1 - accrued margin on the price from the supplier;
42-2 - VAT on the sale price, which is part of the margin.

When selling goods at retail, the amount of tax is included in the final price.

Example. A trading company that is a VAT payer purchased goods for further sale at a price of 354 rubles per unit, including 18% VAT. Quantity of goods - 80 pieces. The value of the trade margin is 20%. In accounting, the company uses sub-accounts 42-1 and 42-2.

The following transactions will be reflected in the accounting:

Dt 41-2 - Kt 60 - 300 * 80 = 24000 rubles. ― the goods are received from the supplier.

Dt 19 - Kt 60 - 54 * 80 * = 4320 rubles. ― the input VAT from the supplier is reflected.

Dt 68 - Kt 19 - 4320 rubles. - the amount of tax is accepted for deduction.

Dt 41-2 - Kt 42-1 - 4800 rubles. - trade margin on the price of goods without tax.

Dt 41-2 - Kt 42-2 - 864 rubles. ― VAT is included in the trade margin.

The total markup is 4800 rubles. + 864 rub. = 5664 rubles for the total batch of goods received. At the same time, the selling price of 1 unit of goods is 424.80 rubles.

Under certain circumstances, the trade margin may be reduced. This happens due to the sale, the need for a markdown. The markup reduction operation is reversed by the following posting:

Dt 41 - Kt 42 - reversal of the size of the markup.

Dt 91-2 - Kt 41 - the excess of the amount of the reduction over the margin.

At enterprises Catering this account takes into account the amounts of trade discounts and markups for food products and goods located in buffets, pantries, in the kitchen, as well as the amount of markups added in the prescribed amount to the cost of kitchen and buffet products at sales prices.

Account 42 "Trade margin" also takes into account discounts provided by suppliers to trading organizations for possible loss of goods, as well as for reimbursement of additional transportation costs.

Credit account 42 "Trade margin" when posting goods for the amount of trade and additional discounts (markups), and debit for the amount of trade and additional discounts (markups) for goods sold, released or written off due to natural loss, marriage, damage, shortage, etc. P.

The amounts of discounts (markups) in the part related to the goods sold are reversed on the credit of account 42 "Trade margin" and the debit of account 46 "Sales of products (works, services)". The amounts of discounts (markups) in the part related to goods sold and released from warehouses and depots are determined according to invoices issued and written off (reversed) in a similar manner. The amounts of discounts (markups) related to unsold goods are specified on the basis of inventory lists by determining the due discount (markup) for goods in accordance with the established sizes.

The amount of the discount (markup) on the balance of unsold goods at retail trade enterprises can be determined by the percentage calculated on the basis of the ratio of the amount of discounts (markups) on the balance of goods at the beginning of the month and the turnover on the credit of account 42 "Trade margin", reduced by the amount of turnover on to the debit of account 42 "Trade margin" (for other write-offs), to the amount of goods sold per month (at discount prices) and the balance of goods at the end of the month (at discount prices).

If the accounting of products in pantries, in production and in buffets of catering establishments is carried out at selling prices (with a markup), then the realized trade discount (markup) is determined in the manner adopted at retail trade enterprises. If products in pantries are accounted for at sales or weighted average prices (without margins), and at production and in buffets - at sales prices (with a markup), then realized margins and realized trade discounts are calculated separately.

When writing off the cost of missing and stolen inventory items, the amounts of discounts (capes) related to these valuables are reflected in trade, supply and marketing enterprises with entries on the debit of account 42 "Trade margin" and the credit of account 83 "Deferred income" (subaccount 3 "The difference between the amount to be recovered from the perpetrators and the book value for shortages of valuables").

Account 42 is subdivided into sub-accounts:

42-1 "Trade margin (discount, cape)";

42-2 "Discount of suppliers for reimbursement of transportation costs."

Sub-account 42-1 takes into account the amount of discounts (markups) for operations related to the receipt and sale of goods. Upon receipt from the supplier of goods at a discount on the purchase price, account 41 is debited and accounts are credited: 60 - for the purchase price (paid amount) and 42-1 - for the amount of the discount.

The trade discount (cape) is distributed on a monthly basis on goods sold and goods remaining in the warehouse and in safekeeping.

In the absence of fixed prices for goods, the amount of the discount (markup) on the balance of unsold goods in supply organizations and retail trade enterprises may be determined on the basis of the average percentage.

Sub-account 42-2 takes into account the amount of discounts from the retail price of goods provided by suppliers to trading organizations and other enterprises to reimburse their expenses for the delivery and sale of goods. The indicated discounts, taken into account on the credit of account 42-2, are reversed from this subaccount to the debit of account 46. In particular, agricultural enterprises on this subaccount reflect the amounts of discounts provided to them by consumer societies from the retail price of fuels and lubricants to cover the costs of their delivery and sale from their oil depots to individual owners of transport for cash through the cash desk of the economy.

Analytical accounting on account 42 "Trade margin" should provide separate reflection of the amounts of discounts (markups) and price differences related to goods in warehouses and depots, at retail trade and public catering enterprises and to goods shipped.

Account 42 "Trade margin" corresponds with the accounts:

┌──────────────────────────────────────────────────────┬─────────┐ │ Business transaction │Corres- ││ │support-│ │ │general account │ ├──────────────────────────────────────────────────────┼─────────┤ │ By debit account │ │ │ │ │ │Providing the amount of the trade margin (discounts, │ 40, 41 │ │ capes) on products and goods sold to customers, │ │ │ issued by public catering enterprises, │ │ │ own products to buffets (accounted for on one │ │ │ balance sheet) and when vacationing lunches for their employees, │ │ │ returned to suppliers, etc. │ │ │ │ │ │Provided by the enterprise wholesale trade(wholesale │ 42 │ │ warehouse) discounts on goods sold to enterprises │ │ │retail trade, consisting on the same balance sheet with │ │ │wholesale warehouse │ │ │ │ │ │ other enterprises (organizations) for reimbursement │ │ │expenses for delivery, sales, possible losses from │ │ │ curtain of containers and waste during the sale certain types│ │ │ goods, discounts (capes) on goods that are in │ ││surplus │ │ │ │ │ │Reflection in supply organizations of the amount of trade │ 43 │ │supplier's discounts on goods when they are sold │ ││transit │ │ │ │ │ │Cancellation of the amount provided by suppliers │ 46 │ │discounts (capes) for sold goods │ │ └──────────────────────────────────────────────────────┴─────────┘

Account 42 "Trade margin" - passive, has a credit balance, which shows the amount of the trade margin attributable to the balance of goods, and is intended to account for the amount of trade margins (discounts, markups) for goods in retail trade enterprises, if they are recorded at sales prices . Account 42 “Trade margin” is credited upon receipt of goods for the amount of trade discounts (markups), and debited - for the amount of trade discounts (markups) for goods sold, released or written off due to natural loss, marriage, damage, shortage, etc.

The amounts of discounts (markups) in the part related to goods sold are reversed on the credit of account 42 "Trade margin" and the debit of account 90 "Sales", subaccount 2 "Cost of sales". The amounts of discounts (markups) in the part related to goods sold and released from warehouses and depots are determined according to invoices issued and written off (reversed) in a similar manner. The amounts of discounts (markups) related to unsold goods are specified on the basis of inventory lists by determining the due discount (markup) for goods in accordance with the established sizes.

In the future, when selling and writing off the goods, the amount of trade margins (discounts) for the sold goods is calculated according to the average percentage. The average percentage is determined monthly as a quotient of dividing (the balance at the beginning of account 42 minus the turnover on the debit of account 42 plus the amount of markup made for the current reporting period): (balance of goods at the beginning of the month plus the selling price of goods sold during the reporting period), multiplied by 100%.

The amount of the trade margin attributable to the sold goods is determined by multiplying the selling price of the sold goods by the average percentage of the trade margin (discount).

When writing off the cost of missing and stolen inventory items, the amounts of discounts (markups) related to these valuables are reflected in the debit of account 42 "Trade margin" and the credit of account 98 "Deferred income" (sub-account "The difference between the amount to be recovered from perpetrators, and the book value of the shortage of valuables”).

Analytical accounting on account 42 “Trade margin” should provide separate reflection of the amounts of discounts (markups) and price differences related to goods in warehouses and depots, at retail trade enterprises and to goods shipped.

Account 42 "Trade margin" corresponds with accounts