Borrow: inventory goods
Taxes payable-VAT payable (input tax)
Loan: bank deposit or accounts payable, etc.
Step 2 sell
Debit: bank deposits or accounts receivable, etc.
Loan: income from main business
Taxes payable-VAT payable (output tax)
Debit: main business cost
Loans: Goods in stock
3. Pay urban construction tax and education surcharge according to the paid value-added tax every month.
Borrow: business tax and surcharges
Loan: taxes payable-urban maintenance and construction tax payable.
Taxes payable-education surcharge payable
Borrow: taxes payable-urban maintenance and construction tax payable
Taxes payable-education surcharge payable
Loans: bank deposits
4, wages and social security terms
Borrow: management fee
Loan: wages payable to employees.
distribute
Debit: Payables-Wages
Loans: bank deposits
Other payables-social security (individual)
Taxes payable-personal income tax payable
Debit: Management Fee-Social Security (Company)
Other payables-social security (individual)
Taxes payable-personal income tax payable
Loans: bank deposits
5. Calculate other taxes, such as stamp duty.
Borrow: management fee
Loans: bank deposits
6. Calculated profit = income-cost-business tax and additional-sales expenses-management expenses-financial expenses+non-operating income-non-operating expenses.
Calculated income tax = total profit *25%
Debit: income tax expense
Loan: Taxes payable-Income tax payable
Borrow: taxes payable-income tax payable
Loans: bank deposits
7. Carry forward this year's profits
Debit: main business income
Non-operating income
Loan: profit this year
Debit: this year's profit
Credit: income tax expense
Main business cost
Business tax and surcharges
selling cost
Management cost
financial expenses
Non-operational expenditure
Profit:
Debit: this year's profit
Credit: profit distribution-undistributed profit
8. Withdraw the statutory surplus reserve:
Debit: Profit Distribution-Undistributed Profit
Loan: surplus reserve-withdrawal of statutory surplus reserve