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including VAT. “Samarkand Ta’mir Dizayn” returned to SUFAT ID LLC 11.5 million soums, including VAT, within the
period specified in the loan agreement, but “Samarkand Ta’mir Dizayn” bought spare parts for these construction
machines for higher price, 1.5 million soums (including VAT).
“SUFAT ID LLC” The creditor's account of construction machinery spare parts is audited on the basis of the following
accounting entries:

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Table 1
Accounts
№ Stages Name of economic operation Correspondent Amount
Debit Credit
The borrowing of construction machinery and
equipment was reflected 5830 9220 10 000,0

VAT was calculated (1 million soums 15%) 5830 6410 1 500,0
Borrowed
1. The cost of spare parts for construction machinery and 9220 1010 10 000,0
equipment was written off (1090)
The loan was repaid Previously lent construction return 1010-
Loan 5830 10 000,0
2. of machine parts is reflected 1090
repaid
Amount of VAT to be taken into account 4410 5830 1 500,0
It is expedient for the auditor to conduct an audit of construction machinery parts in accordance with the established
legislation during the direct audit. Lending and borrowing of construction machinery spare parts occurs in all
construction and manufacturing enterprises.

According to the current legislation of the Republic, under a loan agreement, one party (the lender) transfers to the
other party (the borrower) money or other items marked with the characteristics of the type, and the borrower to the
lender at once or in installments , undertakes to return the same amount of money or items (loan amount) equal to the
type, quality and quantity of the borrowed items.
In ensuring the digital economy and economic stability of the Republic and a decent life of the population, a special place is
given to the creation of a favorable business environment for government agencies, businesses (construction companies) and
individuals, their effective use of construction projects.
Therefore, over the past period, a number of reforms have been carried out in the movement of construction companies, the full
support of their activities, the performance of work (services) by construction machinery. As a result, the work (services)
performed by machinery in construction companies have become the main producers of the final products of the construction
company.Most importantly, as a result of these reforms, we must create a prosperous and decent living environment for our
people. If we don't do these very important things ourselves, no one will come to us from abroad .In our country, it is
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important to accelerate the development of the digital economy, innovation processes and increase the efficiency of production,
services and construction, as well as employment in a market economy.In the construction sector of our national economy, the
main focus is on the rational and efficient use of material, labor, financial resources and services of construction machinery, the
elimination of inefficient costs and losses. In this regard, the "Action Strategy for the further development of the Republic of
Uzbekistan for 2017-2021" provides for 151 million dollars for 29 projects further expansion of production of construction
materials. In 2017-2021, it is planned to implement sectoral programs involving 649 investment projects totaling $ 40 billion.
In rural areas, it is planned to build 15,000 affordable housing, 415 kilometers of water supply pipelines, 316 kilometers of gas
supply pipelines and 291 kilometers of internal roads. In this regard, the state program outlines the following main tasks:
strengthening the material and technical base of design and construction organizations, providing tax and other benefits
and incentives for the introduction of new construction technologies. In particular, 5.7% of the gross domestic product
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(GDP) of 407.5 trillion soums created in 2018 had to be built .
Today, the construction industry has become one of the most important "drivers" of the economy. The fact that the share of this
sector in the GDP created in 2019 exceeded 6% clearly confirms this idea. In order to further develop this sector, it is necessary
to harmonize construction norms with international standards, introduce modern construction technologies and materials, and
radically reform the system of training for the industry .
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As a result of the reforms, 3,700 construction projects were implemented in 2018-2019 . It should be noted that the analysis of
the work done so far shows that along with the achievements in the field of construction, there are a number of unresolved
issues and shortcomings. Machinery in the construction industry in the implementation of multidisciplinary activities, such as
the performance of work (services), the provision of construction organizations with material and technical resources and their
maintenance, the positive provision of machinery in the construction industry there are also problems.
The Resolution of the Cabinet of Ministers of the Republic of Uzbekistan "On approval of the Regulations on the procedure for
determining and maintaining the rating of construction contractors and improving the activities of the Ministry of Construction

10 2020 year. “SUFAT I D” LLC information of financial account
11 Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Oliy Majlis. 24.01.2020 y. www.lex.uz.
12 www.stat.uz - Information Service of the Statistics Committee of the Republic of Uzbekistan.
13 "Address to the Oliy Majlis" of the President of the Republic of Uzbekistan Shavkat Mirziyoyev dated January 24, 2020.lex.uz.
14 kun.uz official page February 14, 2020.

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