the relationship between output tax and input tax accounting entries
both output tax and input tax are three-level subjects under payable tax-payable value-added tax, and belong to two projects of payable value-added tax accounting.
Value-added tax is a turnover tax. Theoretically defined value-added tax is a kind of tax levied on the value-added amount obtained by enterprises in selling goods, providing processing, repairing and repairing services and engaging in imported goods. As long as the income subject to value-added tax is realized, value-added tax will be paid. Value-added refers to the value newly created by an enterprise in the production process. Because value-added tax is only levied on value-added amount, it is called "value-added" tax.
Value-added tax realized in the current period = output tax-input tax+input tax transferred out
When an enterprise purchases materials, commodities and labor services and obtains special VAT invoices, it
borrows: raw materials in stock/commodities in stock/management expenses/manufacturing expenses and other subjects
Taxes payable-VAT payable-input tax
Loans: accounts payable/cash/bank deposits.
Debit: accounts receivable/cash/bank deposits
Loan: main business income/other business income, etc.
Taxable payable-VAT payable-output tax
What kind of account should be used by the borrower and lender in the above entries? First, it should be determined according to the company's financial system; second, it should be determined according to the actual business content! How to make accounting entries for input tax and output tax
1. Calculate input tax, Assume that 261 yuan is the price excluding tax, that is, the price:
Borrow: inventory goods-certain coal 261
Borrow: payable tax-payable value-added tax (input tax) 44.2
Loan: bank deposit 314.2
2. Calculate output tax:
Borrow: bank deposit 511
Loan: main business income. 1.17)
Loan: tax payable-value-added tax payable (output tax) 72.65
3. Value-added tax payable per ton: output-input = 72.65-44.2 = 28.45 yuan
I hereby answer! Accounting entries with output tax greater than input tax (month-end carry-over)
The first one is correct, and when it is paid, it should be
Borrowed: Taxes payable-VAT unpaid
Loaned: There is input tax but no output tax in the head office of bank deposit, and how to make accounting entries without input tax in the branch office
In the same administrative region, the head office and branch offices can declare taxes uniformly, and the branch offices implement the reimbursement system.
if it is beyond the same administrative region, the head office and branch offices shall conduct tax registration separately, apply for the recognition of general taxpayers, and then the head office may issue special VAT tickets to the branches. How to deal with the accounting entries of input tax and output tax when making internal accounts?
selling a product
borrowing: bank deposit 117111
loan: main business income 111111
tax payable-output tax 17111
selling b product
borrowing: bank deposit 211111
loan: main business income 171941. 9.8
Materials purchased include tax
Borrow: materials purchased/raw materials 51282.1
Taxes payable-VAT payable-input tax 8717.9
Loan: bank deposit 61111
Materials purchased do not include tax
Borrow: materials purchased/raw materials 81111
Taxes payable.
1. There is no requirement for making internal accounts. You can register a daily account or make regular accounts. In short, as long as the account is clearly registered according to the requirements of the unit.
2. If the leader doesn't understand the accounting statements, he can prepare a detailed statement of income and expenditure, and just provide the boss with a detailed statement of income and expenditure every month.
3. The cash flow statement is an annual report, which is very complicated to compile. It is impossible to compile the cash flow statement according to the formula, and leaders may not understand it. The output tax is less than the input tax of this month, and how to make accounting entries for the input tax that has not been deducted completely
If the input tax that has not been deducted completely does not need to be entered, it can be left over this month and will be deducted again next month.
according to the notice of State Taxation Administration of The People's Republic of China on the deduction of input tax of special VAT invoices issued by the anti-counterfeiting tax control system for general VAT taxpayers (Guo Shui Fa [2113] No.17): 1. Special VAT invoices issued by the anti-counterfeiting tax control system for which general VAT taxpayers apply for deduction must be certified by the tax authorities within 91 days from the date of issuance of the special invoices, otherwise the input tax will not be deducted. Second, the special VAT invoice issued by the anti-counterfeiting tax control system certified by the general VAT taxpayer shall be accounted for and deducted in the current period in accordance with the relevant provisions of VAT in the month of certification, otherwise the input tax will not be deducted.
collection scope of value-added tax:
1) goods sold or imported. Goods refer to tangible movable property, including electricity, heat and gas. Selling goods refers to the paid transfer of ownership of goods.
2) Processing, repair and replacement services provided. Processing refers to the entrusted processing of goods, that is, the entrusting party provides raw materials and main materials, and the entrusted party manufactures goods according to the requirements of the entrusting party and collects processing fees; Repair and repair refers to the business of repairing damaged and disabled goods and restoring them to their original state and function. The processing, repair and replacement services provided refer to the paid processing, repair and replacement services provided. Employees employed by units or individual industrial and commercial households who provide processing, repair and replacement services for their units or employers shall not be included.
3) In addition to the above general provisions, the following special projects and special behaviors also fall within the scope of VAT collection:
1. Special projects refer to: commodity futures (including commodity futures and precious metal futures); The business of selling gold and silver by banks; Pawnbroking sells dead goods and consignment sells consigned goods on behalf of clients; The production and allocation of philatelic products (such as stamps, first day covers, postal discounts, etc.) and the sales of philatelic products by other units and individuals outside the postal department are all within the scope of VAT collection.
second, special behavior. Including:
① deemed as the act of selling goods. Including: delivering the goods to other units or individuals for consignment; Sell goods on a commission basis; Taxpayers with more than two institutions and unified accounting transfer goods from one institution to other institutions for sale, except that the relevant institutions are located in the same county (city); Use the self-produced or commissioned goods for non-VAT taxable projects; Use the self-produced or commissioned goods for collective welfare or personal consumption; Providing self-produced, commissioned or purchased goods as investment to other units or individual industrial and commercial households; Distribute the self-produced, commissioned or purchased goods to shareholders or investors; Give the self-produced, commissioned or purchased goods to other units and individuals free of charge.
② mixed sales behavior. If a sales activity involves both goods and non-VAT taxable services, it is a mixed sales activity.
③ run non-VAT taxable services concurrently. Taxpayers engaged in non-VAT taxable projects shall separately account for the sales of goods or taxable services and the turnover of non-VAT taxable projects; If they are not accounted for separately, the sales of goods or taxable services shall be approved by the competent tax authorities. Do I pay both the input tax and the output tax in the accounting entries?
hello, miss Li from the accounting school answers
no, the output is reduced by the input to pay
welcome to click my nickname-ask all the teachers in the accounting school how to make accounting entries if the output tax is 1 this month and there is input tax.
when this month is certified, the entries are borrowed from inventory goods/raw materials
Taxes payable-VAT-input tax
Bank deposits/cash/accounts payable-Level II subjects (XX enterprise)
When this month is not certified, the entries are borrowed from inventory goods/raw materials
Prepaid accounts-input tax to be deducted
Bank deposits/cash/ Accounts payable-secondary subject (XX enterprise)
Borrow taxes payable-VAT-input tax
Lend prepayments-input tax to be deducted. Excuse me, how to make accounting entries when the output tax and input tax are deducted?
1. VAT accounting
1. When sales occur,
Borrow: bank deposit
Loan: main business income
Loan: VAT payable-output tax
2. When purchasing raw materials,
Borrow: Raw materials
Borrow: VAT payable-input tax
. If there is input tax transferred out in the current month
by: construction in progress (or fixed assets, welfare expenses payable, etc.)
by loan: VAT payable-input tax transferred out
2. Carry-over at the end of the month
1. At the end of the month, VAT is calculated as payable, that is, the balance is in the credit (output tax-input tax+input tax transferred out). Then:
Borrow: tax payable-VAT payable (transferred out but unpaid)
Loan: tax payable-VAT unpaid
When the next month is paid:
Borrow: tax payable-VAT unpaid
Loan: bank deposit
2. At the end of the month, VAT is calculated as overpaid. Then:
Borrow: tax payable-unpaid value-added tax
Loan: tax payable-paid value-added tax (transferred out for overpayment of value-added tax)
Upon receipt of the goods returned from the warehouse (for the value-added tax payable in the future period, no accounting entries need to be made):
Borrow: bank deposit
Loan: tax payable-unpaid value-added tax
.