Accounting for barter transactions
According to article 567 of the Civil Code of the contract of barter, each party agrees to transfer the ownership of the other hand one commodity in exchange for another. In this case, each party recognizes the seller of goods, which it undertakes to transfer, and the buyer of the goods, which she undertakes to accept in exchange.
According to Article 568 CC RF products to be exchanged are assumed to be equivalent, and the cost of transfer and storage are carried out by the party that bears the respective responsibilities.
If the goods exchanged are recognized unequal, the party received the goods cost more, should pay the difference.
At PBU 9 / 99 and the PBU 10/99 states that the value of goods transferred to the counterparty, is determined in two ways:
Cost of goods received from a counterparty (on the basis of the price at which the organization usually gets the same goods).
The value of goods transferred to the counterparty (on the basis of the price at which the organization typically sells similar goods).
The value of goods received from the counterparty, as determined by two methods:
The value of goods transferred to the counterparty (on the basis of the price at which the organization typically sells similar goods).
The value of goods received from a counterparty (on the basis of the price at which the organization typically buys the same goods).
In both cases, method 2 is applied in that case, if you can not use method 1.
If the contract of barter has a regular procedure for transferring ownership of the product (in accordance with Articles 223 and 224 of the Civil Code), each side is usually posting on the receipt and sale of goods, then in the accounting reflects offset debts.