1 thought on “Is gold as a fixed asset?”

  1. Not, in accordance with accounting subjects and main account processing methods, this is the process of handling the 1431 precious metal subjects. Essence
    1431 precious metal
    . The cost of gold and silver holdings held by undergraduate accounts (finance).
    The precious metals held by enterprises (finance) for listing transactions are processed compared with the "transactional financial assets" subjects.
    . The undergraduate subject can be calculated according to the category of precious metals.
    . The main account processing of precious metals.
    (1) The precious metals purchased by an enterprise, rely on undergraduate subjects, and loan subjects such as "Storage of Central Banks" and other subjects.
    (2) The precious metals sold should be based on the actual amount received, and the subjects such as "Storage of Central Banks" and other subjects shall be reserved with "other business income" subjects. According to its book balance, debit the subject of "other business costs", and credit the undergraduate subject.
    . The balance of the debit at the end of the undergraduate period reflects the cost of holding precious metal inventory.

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