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International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue on Innovative Development of Modern Research
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470

Accounting for Spare Parts of Construction Machinery in the

Republic of Uzbekistan and Calculation of Cost of Services and

Financial Results

Urazov Komil Bahromovich , Khalikulov Ozod Kholmirzayevich
2
1
1 Professor, Samarkand Economics and Service Institute, Samarkand, Uzbekistan
2 Doctoral Student of Samarkand Economics and Service Institute, Samarkand, Uzbekistan

ABSTRACT machinery and equipment at a certain price, in practice, due
This article explores the main objectives of the accounting to the increase in prices, return at a high price of 10-20
and auditing of machinery and spare parts for consruction percent. At the same time, one of the important tasks of
companies operating in the country. The article examines accounting is the timely and accurate recording of these
the theoretical basis and methodology of cost accounting transactions. It should be noted that in this case, we, the
and audit of financial results of work (services) performed borrower and the lender, have a scientific and practical
by construction machinery in construction companies. approach based on the general type of tax, that is,

enterprises that are payers of value added tax.
KEYWORDS: Construction machinery, work performed, cost of
services, cost accounting, construction organizations, When borrowing parts for construction machinery,
accounting, audit, product, prime cost, work performed, we must first note that the turnover of goods is defined
methodology as the transfer of inventories on the basis of loan
agreements in the calculation of value added tax. The
At a time when the digital economy is developing in the auditor is responsible for the activities of construction
country, the consistent positive measures taken by the and manufacturing enterprises, ie both the lender (when
government to support and encourage an active investment lending machine parts) and the borrower (when
climate, innovative ideas, the development of separate returning machine parts to the lender) value added tax
sectors in the field of production and services. a number of (VAT) it is necessary to check whether the invoice is
software areas are leading to the rapid development of written and reflected correctly.
manufacturing activities, services and the service sector, as The VAT rate has been reduced from 20% to 15%. As a
well as the construction industry. In particular, the issue of result, 2 trillion soums were left at the disposal of
radical development of the construction industry in our taxpayers last year. This figure is expected to reach 11
country is given great importance as a key condition and trillion soums this year. Having so much money at the
criterion for the rapid development of our economy. Of disposal of entrepreneurs in a year will definitely give
course, one of the most important criteria for the successful them a lot of additional opportunities to grow their
implementation of such reforms is the effective accounting business .
2
and auditing of machinery in construction companies. In
order to improve the performance of machinery in Accordingly, if you have received construction machinery
construction companies, it is advisable to properly take into parts to be returned at a price higher than the price at
account the condition of their spare parts, ie their borrowing, which they were borrowed, returnable construction
and to properly audit them. machinery parts in accordance with the terms of the loan
agreement in the invoice issued at the time of loan
Materials for construction organizations come mainly from repayment. you specify the price and the amount of VAT.
suppliers, general contractors and subcontractors, The tax base for the sale of goods (services) is
1
customers, supply and sales companies . t the same time, we determined in accordance with Article 247 of the
know that the correct accounting and control of the taxpayer, depending on the specifics of the sale of goods
movement of machine parts in the existing production and (services) produced by him. In this case, the cost of
construction enterprises in the country will be the basis for purchasing spare parts for returned construction
improving the activities of all construction and
machinery is the tax base for VAT. Let's consider a
manufacturing enterprises. conditional example of these operations, ie “Samarkand
The construction and manufacturing enterprises operating in Ta’mir Dizayn” (Borrower, VAT payer) under a short-
the country are organized in a consistent manner. Therefore, term loan agreement in the amount of 11.5 million
it is important to always have spare parts for construction soums, including VAT. provided construction machinery
machinery. It should be noted that sometimes, during the parts.
effective use of construction machinery, they often fail in a “Samarkand Ta’mir Dizayn” is auditedon the account of
timely manner. At such times, it is natural to be forced to spare parts for construction machinery received by the
borrow spare parts for construction machinery. In this case,
borrower through the following accounting entries:
there are cases when the borrowed parts for construction

1 Urazov K.B. Textbook "Features of accounting in other industries." 2 Address of the President of the Republic of Uzbekistan Shavkat
Toshkent.2019 y Mirziyoyev to the Oliy Majlis. 24.01.2020 y.

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