How does the travel agency invoice for you?

Travel agencies issue invoices by themselves according to the realized income, and do not need to go to the tax bureau to issue invoices.

When a travel agency issues an invoice based on the realized income, the accounting treatment is,

Borrow: bank deposits and other subjects,

Loan: income from main business,

Taxes payable-VAT payable.

When paying related expenses for tourists, the accounting treatment is,

Borrow: main business cost,

Taxes payable-VAT payable,

Loan: bank deposits and other subjects.