If the jewelry purchased by the boss is used for employee welfare or as a gift for the company's public relations activities, it should be recorded in the company's cost or expense account at fair value or actual cost according to the company's purchase purpose. If the boss buys jewelry for personal consumption, then according to the amount, it can be regarded as non-company behavior or entertainment expenses, and included in the company's non-operating income or expense account.
In addition, if the boss buys jewelry as an investment asset, such as gold jewelry, it can be used as an investment asset, and its value in the company's financial statements can be evaluated according to the price at the time of purchase and the current market value.
For the accounting treatment of precious commodities represented by gold and silver jewelry, especially the sales and inventory of gold and silver jewelry, it is necessary to pay attention to the calculation of consumption tax and value-added tax. If gold and silver jewelry is purchased, sold, consigned or traded for new ones, the consumption tax should be included in the sales, the output tax of value-added tax should be calculated according to the sales, the packaging income should be included in the main business income or other business income respectively, and the consumption tax on packaging income should be included in other business costs.
To sum up, the jewelry bought by the boss should be accounted for according to the specific situation, including its value, purpose, purchase behavior and so on. If it is used for employee welfare, corporate public relations activities or as investment assets, it can be credited to different accounts according to the situation. In accounting treatment, we should also pay attention to the calculation of consumption tax and value-added tax, as well as the inclusion of packaging income and old jewelry pricing.
Legal basis:
People's Republic of China (PRC) accounting law
Article 10
It is stipulated that enterprises should conduct accounting according to the actual economic and business matters, fill in accounting vouchers, register accounting books and prepare financial and accounting reports.
People's Republic of China (PRC) tax collection management law
Article 17
It is stipulated that taxpayers engaged in production and business operations shall, in accordance with relevant state regulations, open basic account and other deposit accounts in banks or other financial institutions with tax registration certificates, and declare all their account numbers to the tax authorities.