How to conduct accounting treatment when a public institution makes external investment, recovers investment and obtains income?
How to conduct accounting treatment when a public institution makes external investment, recovers investment and obtains income?
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Please refer to the 2013 new accounting system for public institutions for specific regulations. The accounting treatment is as follows:
1. Public institutions make external investments
Debit: other expenses
Credit: bank deposits
Borrow: long-term investment
Credit: non-current asset fund-long-term investment
If fixed assets are used for external investment , then in addition to the above two entries, you must also make:
Debit: Non-current assets fund-fixed assets
Accumulated depreciation
Credit: Fixed assets
If intangible assets are used for external investment, in addition to the above two entries, you must also make the following:
Borrow: Non-current assets fund-intangible assets< /p>
Accumulated amortization
Credit: Intangible assets
2. Investment recovery by public institutions
Debit: Pending property losses and losses
Loan: long-term investment
Borrow: bank deposit
Loan: pending property losses
3. Public institutions obtain investment income
Debit: bank deposits
Credit: other income-investment income accounting treatment of external investment income
Debit: bank deposits
Credit: investment income
Investment income will increase profits, and more income tax will be paid
How to handle the tax treatment when a company is canceled and the investment is recovered?
Company B currently has a monetary capital of 1 million yuan, a registered capital of 5 million yuan, a surplus reserve of 100,000 yuan, a cumulative undistributed profit of 100,000 yuan, and other receivables of 4.2 million yuan. I would like to ask: (1) How should Company B’s liquidation profits and losses be calculated? Do you pay corporate income tax? (2) Does Company A pay corporate income tax on the part of the investment it recovers that exceeds the original invested capital? Answer: Article 4 of the "Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Treatment of Corporate Income Tax on Enterprise Liquidation Business" (Caishui [2009] No. 60) stipulates that the realizable value or transaction price of all assets of an enterprise, minus the calculation of assets The balance after tax base, liquidation expenses, relevant taxes, plus debt settlement gains and losses, etc., is the liquidation proceeds. Enterprises should calculate the liquidation income based on the entire liquidation period as a separate tax year. Article 5 stipulates that the realizable value or transaction price of all assets of an enterprise minus liquidation expenses, employees’ wages, social insurance fees and statutory compensation, settlement of liquidation income tax, tax arrears in previous years and other taxes, and settlement of enterprise debts shall be based on Provides for the calculation of remaining assets that can be distributed to owners. The amount of residual assets distributed to shareholders of a liquidated enterprise, which is equivalent to the portion of the liquidated enterprise’s accumulated undistributed profits and accumulated surplus reserves calculated based on the shareholder’s shareholding ratio, shall be recognized as dividend income; the remaining assets shall be deducted The balance after dividend income exceeds or is lower than the shareholder's investment cost, shall be recognized as the shareholder's investment transfer income or loss. The tax base of the assets distributed by the shareholders of the liquidated enterprise from the liquidated enterprise shall be determined based on the realizable value or actual transaction price. For the situation stated in the question, it is assumed that matters not mentioned are ignored. 1. Company B’s liquidation profit and loss is zero, and it is not required to pay liquidation income tax: Liquidation income = (100 + 420) – (100 + 420) = 0 (yuan).
Account handling of investment recovery by administrative institutions
1. Administrative units are not allowed to invest;
2. When investing in bonds of public institutions
Borrow: Foreign Investment - Bonds Investment
Credit: bank deposit
Debit: business fund-general fund
Credit: business fund-investment fund
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Borrow: bank deposits
Loan: external investment
Other income (interest income from bond investment)
Borrow: business funds-investment funds
Loan: Public Fund-General Fund
3. Other Investments
1) Monetary Fund Investment
Borrow: External Investment-Others Investment
Credit: Bank deposits
2) Inventory investment
Borrow: Foreign investment - other investments
Credit: Public funds - investment Fund
Tax payable (tax payable on inventory investment)
Inventory (inventory cost)
3) Fixed asset investment
Borrow ：Foreign investment - other investments
Credit: Institutional funds - investment funds
Borrow: Fixed funds
Credit: How to account for environmental impact assessment fees of fixed assets institutions Process?
First of all, it depends on the nature of the professional business of your institution. If the environmental impact assessment of the construction project is an authorized operation project approved by the superior department of your institution, it should be listed as business income. Otherwise, it should be listed as operating income. .
You can refer to the "Accounting Standards for Public Institutions (Trial)"
:casc.gov./kjfg/kjzd/200704/t20070428_536108.htm How to handle the accounting of bad and bad debts of public institutions
Accounting entries for the accounting treatment of bad and bad debts of public institutions:
Debit: business expenses (operating expenses)
Credit: accounts receivable (prepaid accounts , other receivables)
The "Accounting System for Public Institutions" (Caiyuzi [1997] No. 288) stipulates: "The current accounts of public institutions should be cleared as much as possible before the end of the year. According to relevant regulations, they should be transferred The current funds for various incomes or expenditures must be transferred to relevant accounts in a timely manner and included in the final accounts of the year." Article 20, Paragraph 5 of the "Shandong Provincial Administrative Institutions' State-owned Assets Management Measures" stipulates: "For administrative purposes. The disposal of bad debt losses and abnormal losses of assets incurred by public institutions must be audited by intermediaries, reviewed by the competent authorities, and reported to the financial department for approval. ”
Accordingly, bad debts of public institutions shall be deemed as dead debts. If it is written off after review and approval, it can be converted into expenditure. How to conduct accounting treatment for long-term equity investment
If it holds 80% of the shares, it will be accounted for using the cost method. If no dividends are distributed, no other accounting treatment is required during the period.
Recognize investment losses when canceling
Debit: bank deposit 2,000
Debit: investment income 78,000
Loan: long-term equity investment 80,000 fixed How to handle the accounting when investing after asset appraisal and appreciation?
Debit: long-term equity investment (according to fair value)
Debit: accumulated depreciation (accumulated depreciation balance of the asset)
Credit: fixed assets (according to the fair value) Original value of fixed assets)
Credit: Capital reserve - other capital reserve 100 (value-added part) Accounting treatment of fixed assets for external investment
1. Foreign investment with fixed assets. When the investor invests externally with fixed assets, the "long-term equity investment" account will be debited with the price agreed upon by both parties, and the "accumulated depreciation" account will be debited with the accumulated depreciation amount. The "fixed assets" account is credited with its original book value. The "Capital Reserve" account is debited or credited with the difference between the net price agreed between the parties and the net book value of the fixed assets.
2. Invest overseas with inventories. When the investor invests externally with inventory, it should debit the "long-term equity investment" account according to the agreed price, credit the "raw materials", "finished goods" and other accounts with its original book value, and debit the difference between the agreed price and the actual cost. Or credit the "Capital Reserve" account.
If the inventory is costed according to the plan, the cost difference that should be borne by the delivered inventory must also be allocated through the "Material Cost Variance" account.
3. Invest externally with intangible assets. If the investor invests externally with unaccounted intangible assets (such as land use rights, etc.). Then the "long-term equity investment" account should be debited and the "capital reserve" account should be credited according to the value confirmed after asset appraisal. If an enterprise invests externally with non-patented technology, patent rights and other intangible assets that have been accounted for, the value should be recognized based on appraisal. Debit the "Long-term Equity Investment" account. The "intangible assets" account is credited according to the amortized book value of the intangible asset, and the "capital reserve" account is debited or credited according to the difference between the appraisal price and the book value.