Our company is going through the cancellation of tax registration. The director said that the transactions on the balance sheet should be settled. I asked him how he did it. He said it should be recei

Our company is going through the cancellation of tax registration. The director said that the transactions on the balance sheet should be settled. I asked him how he did it. He said it should be receivable and payable in liquidation. Before the company goes through the cancellation of tax registration, it needs to set up a liquidation group to check the assets and settle the accounts receivable and payable on the books. If it is really impossible to recover or pay the money, with the approval of the unit leader, the unrecoverable money will be treated as bad debt loss, and the unpaid money will be transferred to non-operating income. If the company still has inventory, fixed assets and other materials, it must be sold and cleaned up. Before the cancellation of the company, the company should pay the tax in full, and pay attention to the tax adjustment such as bad debt loss that does not meet the bad debt conditions when calculating the income tax payable. Generally, there are no other items on the balance sheet at the end of the period except monetary funds and owners' equity.