Pending accounts means that the amount payable has not been paid, when the enterprise occurs pending accounts, generally debit the accounts receivable account, credit the main business income, taxes and fees payable account for accounting, the specific accounting treatment how to do?

Accounting entries for enterprises with pending accounts

When an account receivable (credit sales) occurs:

Borrow: accounts receivable

Credit: main business income

Taxes payable - VAT payable (output tax)

Receipt of the payment to write off the receivable< /p>

Borrow: bank deposits

Credit: accounts receivable

What are accounts receivable?

Accounts receivable refers to the enterprise in the normal course of business due to the sale of goods, products, the provision of labor services and other business, should be collected from the purchasing unit of the money, including the tax should be borne by the purchasing unit or receiving labor unit, on behalf of the purchaser to advance the packaging costs of various transportation and miscellaneous charges. In addition, in the case of sales discounts, commercial discounts and cash discounts and other factors should also be considered.

What is main business income?

Main business income refers to the business income of the enterprise engaged in the production and operation activities of the industry. The main business income includes the income from the sale of products, semi-finished products and the provision of industrial labor operations in the manufacturing industry; the income from the sale of goods in the commodity distribution enterprises; the ticket income, customer income, catering income and so on in the tourism service industry. Revenue from main business belongs to the profit and loss account, whose debit side indicates a decrease and credit side indicates an increase.

What are taxes payable?

Taxes payable refers to all kinds of taxes and fees payable by an enterprise based on the business income and profit realized in a certain period, which are calculated using certain taxing methods in accordance with the current tax law. Including: value-added tax, consumption tax, urban maintenance and construction tax, resource tax, enterprise income tax, land value-added tax. This account at the end of the credit balance, reflecting the enterprise has not yet paid the tax; at the end of the debit balance, reflecting the enterprise overpayment or has not yet deducted the tax.