ACCOUNTING IN ACCOUNTING FOR SHORT AND EXCESS OF PROPERTY IDENTIFIED DURING THE INVENTORY PROCESS.

• Khamidova Shakhzoda Odiljanovna

  Andijan State Technical Institute, assistant shhzdhamidova@gmail.com Tel: 99891 494 80 07

  Author

• Tulkinov Javokhir

  Andijan State Technical Institute 2nd year student of accounting and auditing

  Author

The article highlights the importance of inventory in the process of deepening economic reforms and modernizing the accounting system in the Republic of Uzbekistan. Also, the types of inventory, the conditions for conducting it, the legal basis, and the procedure for reflecting it in accounting are described in detail. The procedure for inventorying fixed assets, accounting entries for shortages and surpluses, their impact on financial statements, and tax and legal consequences are also considered.

Resolution of the President of the Republic of Uzbekistan No. PP-4611 "On Additional Measures for the Transition to International Financial Reporting Standards." February 24, 2020.

Accounting Part 1: Textbook / A.A. Karimov, J.E. Kurbanbayev, S.A. Jumanazarov; - T.: "Iqtisod-Moliya," 2020.

2. Internet sites: http://www.buh.uz http://www.accounting.com

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