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subsections
Art. 7.
Accountancy documents shall be deemed as primary, secondary and registers:
- A primary document shall contain information about originally recorded business transactions;
- A secondary document shall contain summarised information, received from the primary documents;
- Registers shall be a source of chronologically systematised information about business transactions contained in the primary and secondary documents.
Art. 8.
- (1)
-
The primary document shall contain the following information:
- Name of the document;
- Name, address and tax number of the enterprise issuing the document;
- Name, address and tax number of the enterprise with which the business transaction takes place, and names of the individual representing it;
- Place and date of the document's issuance;
- First and last names of the individuals issuing the document;
- Grounds and subject of the business transaction;
- Description of goods/services, etc. and their values;
- Signatures of the persons responsible for the execution and documenting of the business transaction;
- 7The seal of the enterprise when issuing sales invoices.
- (2)
- Signatures under item 8 of the preceding paragraph shall be substituted by an identifying code when the issue of the primary document is computerised or when a paperless recording of the primary accountancy information exist.
- (3)
- The primary and the secondary accountancy documents constitute grounds for making entries in the accounts.
- (4)
- The Ministry of Finance shall establish a catalogue of primary accountancy document samples.
Art. 9.
The secondary accountancy document shall contain the following information:
- Name of the document;
- Number and date of its issuance;
- Cost shown in the primary accountancy documents on the base of which it is drawn up;
- Signature of the issuer.
Art. 10.
- (1)
- Accountancy registers shall be opened on January 1 of each year, and for newly established enterprises - on the day of their foundation. They shall contain the data stated in Art. 9.
- (2)
- Where data processing is done manually, the registers shall be kept in the form of a book, or unattached sheets, and when computerised, they shall be in the form of constant databases.
- (3)
- Full compatibility between the consolidated analytic and synthetic accountancy information shall be ensured in the accountancy records.
- (4)
- The accountancy registers may close at the end of each month, and must close on December 31, or on the date of the liquidation of the enterprise.
- (5)
- The closing of the accountancy registers shall be done after the final processing of accountancy information for the accounting period.
- (6)
- In order to exercise control for the correctness of the entries posted in the registers, ledgers shall be maintained for synthetic and analytic accounts.
Art. 11.
An accountancy document which does not contain the information stipulated by this Law, shall not have the force of evidence.
Art. 12.
- (1)
- Where double-entry book keeping is applied, records for chronological and systematic (synthetic and analytic) accounting shall be used.
- (2)
- Where single-entry book keeping is applied, an income and expense book, an inventory book, and supporting books shall be used.
Art. 13.
- (1)
- The accountancy documents shall be filled in in hand writing, in ink or ball-point pen, or on a typewriter or other printing device.
- (2)
- Where paperless recording of the accountancy information is applied by means of computers, a listing of the chronologically entered information shall be printed.
Art. 14.
No corrections or additions shall be allowed in the primary accountancy documents. Primary accountancy documents drawn up erroneously, or such documents where errors have been marked and corrected, shall be marked as null and void and new documents drawn up.
Art. 15.
- (1)
- Responsibility for the authenticity of the information in the accountancy documents and in the technical information sources shall be borne by the officers who have prepared and signed them.
- (2)
- The persons who have ordered the execution of a business transaction, bear the responsibility for its legality and expedience.
Art. 16.
- (1)
- Any change in the assets and liabilities of the enterprise in the implementation of the double-entry accounting shall be recorded in the books on the basis of accounting entries.
- (2)
- Accounting entries are made when an account is debited (credited) and simultaneously one or more accounts are credited (debited). Reversing entries shall be drawn up in the same manner.
- (3)
- Where entries are made on a computer, the business transactions shall be assigned codes.
Art. 17.
- (1)
- The form of book keeping shall be determined by the chief accountant.
- (2)
-
The form shall provide:
- Preliminary and continuous control over the primary accounting information;
- Synchronised execution of the chronological and systematic (analytic and synthetic) accounting;
- Openness of the accountancy system enabling inclusion of additional tasks;
- Various types of classification switching from analytic to synthetic accounting;
- Logical transformation of the accounting information during its processing and use;
- Production of the necessary accounting information for the purposes of motivating management decisions, for taxation and for property protection purposes;
- Objective, accurate, comprehensive, authentic, accessible and timely accounting information about the management of the enterprise;
- Subsequent financial and tax control over the business activity of the enterprise;
- Informational interaction with the statistics, based upon the statistical indicators;
- Unity between the classification of the subject of accounting on the basis of approved national classifiers.
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