The main business of automobile 4s shop is divided into: vehicle sales, boutique sales, parts sales, insurance claims, after-sales maintenance, warranty maintenance costs, etc. What are the specific accounting entries about these businesses?

Accounting entries of 4s shop selling cars

I. Automobile sales

1, prepaid car payment

Debit: advance payment

Loans: bank deposits

2. Receiving purchase invoices

Borrow: inventory goods

Taxes payable-VAT payable (input tax)

Credit: advance payment/bank deposit

Step 3 sell cars

(1) Received advance payment

Debit: bank deposit

Loan: advance payment-vehicle advance payment.

Other payables-collection (collection of vehicle inspection fee, purchase tax and insurance fee from customers)

2. Issue motor vehicle invoices

Borrow: advance payment-vehicle advance payment.

Loan: main business income-automobile sales income

Taxes payable-VAT payable (output tax)

3. Pay insurance premium and purchase tax on behalf of customers.

Debit: Other payables-money received

Credit: cash on hand/bank deposit.

4, carry forward the cost of sales

Debit: main business cost-automobile sales cost

Loans: Goods in stock

Second, the boutique decoration sales

1. Issue VAT invoice.

Borrow: advance payment-vehicle advance payment.

Loan: main business income-fine decoration income

Taxes payable-VAT payable (output tax)

2. Carry-over decoration expenses

Borrow: main business cost-fine decoration cost

Loans: Goods in stock

Third, parts sales.

1, parts procurement

Borrow: inventory goods-accessories

Taxes payable-VAT payable (input tax)

Loans: bank deposits

2, parts sales

Debit: accounts receivable

Loan: main business income-accessories sales income

Taxes payable-VAT payable (output tax)

3. Carry forward the sales cost of accessories

Debit: main business cost

Loans: Goods in stock

Fourth, insurance claims.

1. Generally speaking, the insurance company's claim maintenance should be paid first.

Debit: Accounts Receivable -XX Insurance Company

Loan: main business income-maintenance income

Taxes payable-VAT payable (output tax)

2. Refund from the insurance company (part of the refund from the insurance company is the repair fee for refunding three).

Debit: bank deposit

Credit: Accounts Receivable -XX Insurance Company

Accounts payable-others

3. Refund the repair fee of the three parties.

Borrow: other payables-refund the repair fees of the three.

Credit: Cash on hand

4. Carry forward maintenance costs

Debit: main business cost-maintenance

Borrow: inventory goods-accessories

Wages payable

Verb (abbreviation of verb) after-sales maintenance

1. Receive alimony in advance.

Debit: bank deposit

Loan: advance payment-maintenance advance payment.

2. Issue maintenance invoices

Borrow: advance payment-advance maintenance payment.

Loan: main business income-maintenance income

Taxes payable-VAT payable (output tax)

3. Carry forward maintenance costs

Debit: main business cost-maintenance cost

Loans: Goods in stock

Wages payable

Warranty and maintenance costs of intransitive verbs

1, warranty and maintenance costs are incurred.

Debit: Accounts Receivable-Manufacturer

Loan: main business income-accessories sales income-working hours income.

Taxes payable-VAT payable (output tax)

2. Received the telex document confirmed by the manufacturer.

Debit: advance payment

Credit: Accounts Receivable-Manufacturer

What is an advance payment?

Advance payment refers to the amount paid by an enterprise to a supplier in advance in monetary funds or monetary equivalents in accordance with the provisions of the purchase contract. In daily accounting, prepayments are recorded according to the actual amount paid, such as the purchase price of goods and prepaid materials.