The invoice of 407 yuan issued by Hubei Aerospace Information Technology Co., Ltd. is said to be deductible. How to deduct? Accounting treatment? Entries?

Do when it happens:

Debit: management expenses-office expenses 407.00,

Credit: Cash on hand 407.00

When there is a tax month, do VAT deduction (if there is no tax month, don't do it yet):

Debit: Taxes payable-VAT (loan) 407.00,

Loan: non-operating income 407.00

Debit: Non-operating income 407.00

Loan: the profit of this year is 407.00.

See: Caishui (20 12) 15.