According to the accounting elements, non-operating income belongs to the income category of accounting elements, credits reflect the increase in non-operating income, debits reflect the decrease in non-operating income, and the balance is generally on the credit side.
Accounting elements can be divided into assets, liabilities, and owner's equity, as well as revenue, cost, and profit. In general, debit credits for accounting elements for asset classes and expense classes and credits for accounting elements for liabilities, owners' equity, income, and profits have increased. According to the debit and credit accounting method, there must be a credit and a loan must be equal to the bookkeeping rules, and non-operating income belongs to the accounting element of the income category, and the credit is recorded as an increase.
Let's illustrate this with an example. For example, before the financial final accounts of an enterprise, a comprehensive inventory of the physical assets of the enterprise was carried out, and during the inventory, it was found that the finished products were worth 10 tons, worth 180,000 yuan, and after the relevant personnel checked and cleaned up and verified, the number of surpluses was confirmed to be correct, and after the relevant approval procedures were performed internally, the financial department carried out accounting treatment.
After the inventory, the accounting treatment before the approval is debited: finished products - XX finished products 180,000 yuan
Credit: The property to be treated is damaged by 180,000 yuan
Accounting treatment after approval, debit: property loss and overflow to be treated - current assets surplus of 180,000 yuan
Credit: non-operating income - XX finished products surplus of 180,000 yuan
The accounting treatment of non-operating income into profits for the current year, debit: non-operating income of 180,000 yuan
Credit: Profit for the current year 180,000 yuan.
As can be seen from the above example of accounting for non-operating income, the credit side of non-operating income is increased and the debit side is decreased. The contents of the non-operating income account account are: gains from the exchange of non-monetary assets, gains from the sale of intangible assets, gains from debt restructuring, gains and losses from business combinations, profits from the market, payments payable that cannot be paid due to creditors, government subsidies, additional refunds for education fees, fine income, and donation gains.
It can be seen from the accounting content of the non-operating income account that non-operating income is a variety of income that is not directly related to the production and operation of the enterprise, and it does not need to be matched and distributed with the relevant costs and expenses, and should be included as the profit of the enterprise in the current period.
In short, non-operating income belongs to the accounting element of the income category, and the credit of non-operating income is increased, the debit is decreased, and the balance is credited. The accounting content of non-operating income is not directly related to the production and operation of the enterprise, and can be directly listed as the profit of the current period.
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February 25, 2022