Compensation (accounting)

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Compensation in accounting is a method of eliminating mutual settlements between entities or eliminating accounting differences in an entity's books in the following forms:

1. According to the Civil Code, when two people are simultaneously debtors and creditors, it is possible to deduct one's own receivables from the other party's claims if the subject of both claims is:

Can not be compensated:

Compensation initiates a statement submitted to the other party. As a result of the offset, both receivables are remitted to the lower of the claims.

Compensation usually applies to trade settlements, which may also be subject to public-law deductions. The compensation may be:

2. During stocktaking, when inventory deficits and surpluses:

They can be compensated for by a smaller amount of identified differences (surplus or deficiency) and lower from the price of compensated assets.

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