RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of December 26, 2003 No. 181

ABOUT APPROVAL OF THE INSTRUCTION FOR THE FINANCIAL ACCOUNTING "INCOME OF THE ORGANIZATION"

According to the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 the Ministry of Finance of the Republic of Belarus DECIDES: No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus"

1. Approve the enclosed Instruction for the financial accounting "Income of the Organization".

2. This resolution becomes effective since January 1, 2004.

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of December 26, 2003 No. 181

Instruction for the financial accounting "Income of the Organization"

Chapter 1. General provisions

1. The instruction for the financial accounting "Income of the Organization" (further - the Instruction) determines rules of the organization and conducting financial accounting of the income for commercial and non-profit organizations (except banks and other non-bank credit and financial organizations) and the individual entrepreneurs who are not exempted according to legal acts of the Republic of Belarus from obligation of conducting financial accounting and the reporting (further - the organizations).

2. For the purposes of this Instruction the following basic concepts and their determinations are used:

economic benefit - possibility of property to promote cash inflow or other assets in the organization;

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