The "other receivables" part of the balance sheet usually includes some receivables that are not related to the business activities of the enterprise, such as the prepayment of goods by customers, the arrears of merchants, etc. In preparing the balance sheet, other payables need to be categorized according to their nature and amount and presented on a case-by-case basis. The following is a summary of the points:
1.Definition and Scope:Other receivables refer to the claims of an enterprise against other persons or entities due to various reasons, including accounts received in advance and other payables. Among them, the advance receivables refer to the deposit or other fees charged by the enterprise to the purchaser in accordance with the contract;Other payables include bills payable, wages payable, welfare payments payable, taxes payable, etc.
2.Confirmation Principle:In accounting, other receivables should be recognized according to the actual occurrence, that is, they can only be included in the balance sheet after the actual receipt of cash or the acquisition of corresponding property rights. If cash has not been received or the corresponding rights have not been obtained, but a certain legal relationship has been formed, it can also be recorded as other receivables.
3.Classification:Under the item "Other receivables" in the preparation of the balance sheet, it can be classified according to different categories, such as:
Accounts receivable: refers to the payments received by enterprises for the sale of goods, the provision of labor services, etc., including the accounts received in advance and other receivables that have not yet been recovered.
Other receivables: refers to other receivables other than accounts receivable, such as prepaid accounts, accounts payable, other payables, etc.
4.Amount calculation:In the process of preparing the balance sheet, it is necessary to calculate the specific amount of each item according to the actual situation. Specifically, the amount of other receivables can be adjusted and aggregated according to the relevant documents, and then apportioned and allocated to various accounts according to certain rules.
5.Related Subjects:In the balance sheet, there is a correspondence between "other receivables" and other receivables accounts. Specifically, other receivables are sub-accounts under the "Current Assets" category, and other receivables accounts are one of the sub-accounts in this category. In addition, other receivables may also involve other accounts such as "long-term borrowings", "bonds payable", etc. Therefore, the impact of these related accounts also needs to be taken into account when classifying and calculating the amount of other receivables.