Pagatorics
The principle of pagatorics (from late Latin or Italian pagare ' to pay' ) is a principle from the external accounting of companies. It states that all income and expenses recorded in the bookkeeping or accounting must be based on actual payment transactions. Accordingly, all recorded income must be based on payments , all recorded expenses must be based on payments . The difference between these is the paid profit .
In German commercial balance sheet law, the principle of pagatorics is indirectly anchored in the Commercial Code (HGB):
"Expenses and income of the financial year are to be taken into account in the annual financial statements regardless of the time of the corresponding payments ."
Incoming or outgoing payments are converted into income or expenses in external accounting through periodization . This periodization takes place on the basis of delimitation principles (see delimitation principles of German accounting law ).
In contrast to the paid costs , the so-called value-based costs that are not based on payment transactions, e.g. B. imputed company wages , imputed depreciation and imputed rent cannot be used in external accounting.
literature
- Erich Kosiol : Building blocks of business administration. A collection of selected papers, essays, etc. Lectures. Volume 2, Duncker & Humblot, 1973.