What are the accounting objects?

The object of accounting refers to the content that accounting requires accounting and supervision.

Under the socialist system, the social reproduction process is composed of four interrelated rings: production, distribution, exchange, and consumption, which summarizes various economic activities.

Accounting objects are the basis for accounting records of economic activities, and original documents are the objects of accounting work.

Original documents are divided into externally obtained original documents and internally produced original documents according to the acquisition method.

The original documents must have the elements required by accounting laws.

1. Funds enter the enterprise: Enterprises raise funds by absorbing investment, bank borrowing, and issuing stocks or bonds, causing an increase in enterprise funds.

2. Fund turnover in enterprises: Enterprises use monetary funds to purchase materials to form reserve funds.

Workers use their own production technology to process materials with the help of machinery and equipment, and the expenditure incurred forms production funds.

Finished product funds are formed after the product is completed.

Sell ??the product, recover the payment, and obtain new monetary funds.

The entire turnover process is as follows: monetary funds → reserve funds → production funds → finished product funds → new monetary funds 3. Fund exit from the enterprise: the enterprise repays bank loans, pays taxes and distributes profits or dividends.