Tenpay reserve accounting entries
The entry of Tenpay Payment Technology Co., Ltd. to reserve fund is:
Debit: bank deposit
Loan: income from main business
Taxes payable-VAT payable
The money transferred from Tenpay belongs to the deposit paid by the other company, such as reserve. , you can enter the following:
Debit: bank deposit
Loan: other payables -xx enterprise-reserve fund
Other payables refer to the payables and temporary receipts of other units or individuals not directly related to the main business of the enterprise. In practice, the rent of fixed assets and packaging materials rented by enterprises, the deposit received, the pension payable as a whole, the wages that employees failed to receive on time, etc. Included in other payables, set up secondary subjects according to actual projects.
What is a bank deposit?
Bank deposit is the currency deposited in the bank, and it is an integral part of monetary funds. According to the provisions of China's cash management system, every enterprise must open a deposit account with the People's Bank of China or a specialized bank for deposit, withdrawal and transfer settlement. Except for a small amount of cash within the prescribed limit, the monetary funds of the enterprise must be deposited in the bank. Bank deposits of enterprises mainly include: settlement account deposits, letter of credit deposits, foreign deposits, etc. The cashier is responsible for the receipt and payment of bank deposits. Every bank deposit income and expenditure business must prepare accounting vouchers according to the audited original vouchers.
In accounting, bank deposits are assets. The last balance is on the debit side. In accounting entries, debit indicates increase. The lender indicated a decrease.
What is the income from the main business?
Main business income refers to the operating income obtained by enterprises engaged in production and business activities in this industry. The main business income includes the sales of manufacturing products and semi-finished products and the provision of industrial services; Income from commodity sales by commodity circulation enterprises; Ticket income, tourist income, catering income of tourism service industry, etc.