How to deal with the accounting treatment of taxable consumer goods entrusted by enterprises

1. When the materials are sent to others for processing.

Borrow: Commissioned processing materials.

Credit: raw materials.

2. When paying the processing fee.

Borrow: Commissioned processing materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

3. When paying withholding and paying consumption tax.

Borrow: Commissioned processing materials.

Credit: Bank deposits.

4. When the entrusted processing materials are recovered and put into storage.

Borrow: raw materials.

Credit: Commissioned processing materials.

5. When the products are directly sold.

Debit: Accounts receivable.

Credit: Tax Payable - VAT Payable (Output Tax) Payable

Product sales revenue.

Excise tax is not levied on the direct sale of taxable consumer goods collected by consignment processing, so there is no need for excise tax accounting.

6. When the entrusted processing materials are recovered for the continuous production of taxable consumer goods and the new taxable consumer goods are sold.

a.At the time of sale.

Debit: Accounts receivable.

Credit: Revenue from product sales.

Tax Payable – VAT payable (output tax).

b.Calculate the excise tax payable.

Borrow: Product sales tax and surcharge.

Credit: Tax Payable - Excise Tax Payable.

The secondary accounts in your above entries should all be GST.

The first entry refers to the consumption tax collected and withheld by Factory B for Factory A. This entry means collection of consumption tax.

The second entry refers to the payment of the consumption tax withheld by Factory A to Factory B, which can be deducted. This entry is the meaning of paying consumption tax.

If the commissioned processed product is used directly for **.

Borrow: Bank deposit.

Credit: Other business income.

Credit: Tax Payable – VAT Payable (Output Tax) Payable

Borrow: Other operating costs.

Credit: raw materials.

Credit: Tax Payable – Excise Tax Payable (Excise Tax to be Deducted).

Because the commissioned processed consumer goods are directly used for ** and no consumption tax is paid, the above-mentioned deductible consumption tax is no longer deducted and transferred to the cost of sales.

In March 2007, a cigarette factory recovered a batch of special tobacco for commissioned processing, the material cost was 50,000 yuan, the processing fee was 35,000 yuan, and the value-added tax indicated on the special VAT invoice was 5,950 yuan, which was used for the production of A brand A cigarettes (the consumption tax rate was 45) 50%, and the other 50% was directly sold to the outside world, and there was no inventory balance at the beginning of the month. In the same month, 10 boxes of A-brand cigarettes were sold, and the price indicated on the special VAT invoice was 130,000 yuan, and the value-added tax was 22,100 yuan. (The excise tax rate on tobacco is 30%)

1. When the issued materials are used for commissioned processing:

Borrow: 50,000 for commissioned processing materials

Credit: Raw materials 50000

2. When the entrusting party picks up the goods, the consumption tax withheld and paid by the entrusted party shall be included in the cost of taxable consumer goods entrusted for processing: the consumption tax withheld and paid by the entrusted party (50000 35000) (1 30) 30 yuan).

Borrow: commissioned processing materials.

Tax Payable – VAT Payable (Input Tax) 5950

Credit: Bank deposits.

Borrow: Raw materials round do.

Credit: Commissioned processing materials orange celery.

3. When the entrusting party produces and requisitions, the amount of consumption tax allowed to be deducted in the current period shall be calculated according to the quantity of production and requisition in the current period, and shall be included in the debit side of the account of "tax payable - consumption tax payable".

Borrow: production cost 85000*50% 42500

Tax Payable - Excise tax payable.

Credit: raw materials.

4. When selling first-consumption cigarettes, VAT and consumption tax shall be accrued

Debit: Bank deposit 152100

Credit: main business income 130,000

Tax payable – VAT payable (output tax) 22100

Borrow: Sales tax and surcharge 60,000

Credit: tax payable - consumption tax payable 60,000 130,000 * 45% + 10 * 150

5. There is no consumption tax on direct sales of tobacco, but value-added tax is levied.

Borrow: Bank deposit 93600

Credit: Other business income 80,000

Tax Payable VAT payable (output tax) 13600

6. Calculate the consumption tax payable in the current period

The consumption tax payable in the current period is 60,000 yuan).

Borrow: Tax Payable - Excise Tax Payable.

Credit: Bank deposits.

1) The entrusting party shall issue entrusted processing materials to the entrusted party according to the contract

Borrow: commissioned processing materials, credit: raw materials.

2) When the contractor completes the processing, the consignor shall pay the processing fee and consumption tax to the contractor.

Borrow: commissioned processing materials, taxes payable - VAT payable (input tax), taxes payable - consumption tax payable, credit: bank deposits, etc.

3) Freight and miscellaneous expenses paid in the process of transporting back processed materials:

Borrow: commissioned processing materials, credit: bank deposit.

4) Entrust the processing materials to arrive at the warehouse and handle warehousing

Borrow: raw materials, credit: commissioned processing materials.

1) The entrusting party shall issue the entrusted processing materials to the entrusted party according to the contract

Borrow: commissioned processing materials, credit: raw materials.

2) When the processing is completed by the consignee, the consignor shall pay the processing fee and consumption tax to the consignee.

Borrow: commissioned processing materials, tax payable - VAT payable (input tax), tax payable - consumption tax payable, credit: bank deposits, etc.

3) Freight and miscellaneous expenses paid in the process of transporting back processed materials:

Borrow: commissioned processing materials, credit: bank deposit.

4) Entrust the processing materials to arrive at the warehouse and handle warehousing

Borrow: raw materials, credit: commissioned processing materials.

For the entrusted processing of taxable consumer goods, enterprises can account for the "entrusted processing materials" account and the "tax payable" account. What are the accounting treatments?

1. If the processing materials of the entrusting party are used for the continuous production of taxable consumer goods, the entrusting party shall collect and pay the consumption tax on behalf of the other party

Borrow: commissioned processing materials.

Tax Payable – Excise tax payable.

Credit: Accounts payable.

bank deposits, etc.

2. If the entrusted processing materials are directly sold after they are recovered, the entrusting party shall calculate the cost of the entrusted processing materials collected and paid by the other party

Borrow: commissioned processing materials.

Credit: Accounts payable or bank deposits, etc.

3. After the entrusted processing materials are processed and put into storage, the actual cost of the materials and the actual cost of the remaining materials should be recovered according to the processing;

Borrow: raw materials or inventory goods, etc.

Credit: Commissioned processing materials.

What is consignment processing of taxable consumer goods?

It refers to the taxable consumer goods in which the entrusting party provides the main raw materials, and the entrusted party only collects processing fees and disbursements on behalf of the part to assist the processing of Likai materials. Raw materials provided by the entrusted party or under other circumstances cannot be regarded as taxable consumption of taxable consumer goods entrusted for processing, and unless the entrusted party is an individual, the entrusted party shall collect and pay taxes at the time of delivery by the entrusting party; The consumption tax shall be paid after the entrusting party collects the taxable consumer goods processed by the entrusting individual.

Taxable tax on the composition of taxable consumer goods for commissioned processing**.

Taxable tax on the composition of taxable consumer goods for commissioned processing** = (cost of material limbs + processing fee) (1 - consumption tax rate).

The material cost refers to the actual cost of the processing materials provided by the entrusting party, and the processing fee refers to all the expenses charged by the entrusting party to the entrusting party for the processing of taxable consumer goods (including the actual cost of auxiliary materials on behalf of the entrusting party, excluding the value-added tax and liquid money).

According to the relevant provisions of consumption tax, if the materials entrusted for processing are taxable consumer goods subject to consumption tax, the entrusted party shall collect and pay the tax at the time of delivery to the entrusting party. If the taxable consumer goods entrusted for processing are used for continuous production, the tax paid shall be deducted in accordance with the regulations; Consumption tax shall not be levied on the direct sale of taxable consumer goods entrusted for processing. In terms of accounting treatment, it is also necessary to distinguish between the above different situations:

If the materials processed by the entrusting party are recovered and used for the continuous production of taxable consumer goods, the entrusting party shall debit the account of "tax payable - consumption tax payable" and credit the accounts of "accounts payable" and "bank deposit" according to the amount of consumption tax collected and paid by the other party; If the entrusted processing materials are recovered directly, the entrusting party shall debit the "entrusted processing materials" account and credit the "accounts payable", "bank deposit" and other accounts of the consumption tax calculated and paid by the other party on behalf of the other party. After the processing of entrusted processing materials is completed, the actual cost of the processed materials and the actual cost of the remaining materials shall be debited and the account of "entrusted processing materials" shall be credited to the account of "entrusted processing materials".

For example, enterprise A entrusts enterprise B to process a batch of materials (taxable consumer goods), the cost is 100,000 yuan, the processing fee paid is 26,000 yuan (excluding VAT), the consumption tax rate is 10%, and the processing fee has not been paid after the completion of the processing of automobile tires. The VAT rate applicable to both parties is 17%.

The relevant accounting treatment of enterprise A is as follows:

1) Dispatch of consignment processing materials.

Borrow: 100,000 entrusted processing materials

Credit: Raw materials - A material 100,000

2) Pay the processing fee.

Consumption tax is calculated as a component of the tax** = (100,000 + 26,000) (1-10%) = 140,000 (yuan).

Consumption tax collected and paid by the entrusted party: 140,000 x 10% = 14,000 (yuan) VAT payable = 26,000 x 17% = 4,420 (yuan) According to the calculation results, the enterprise prepares accounting entries as follows:

1. If enterprise A takes back the processed materials and uses them to continue the production of taxable consumer goods.

Borrow: 26,000 commissioned processing materials

Tax payable - VAT payable (input tax) 4420 - consumption tax payable 14000

Credit: Accounts Payable - Company B 44420

2. If enterprise A takes back the processed materials and uses them directly for sale.

Borrow: 40,000 (26,000 + 14,000) tax payable for commissioned processing materials - VAT payable (input tax) 4420 hand rubber loan: accounts payable - enterprise B 44420

3) After the processing is completed, the raw material A of the entrusted processing will be recovered.

1. If enterprise A recovers the processed materials and uses them to continue the production of taxable consumer goods.

Borrow: raw material - A material 126000

Credit: 126,000 entrusted processing materials

2. If enterprise A takes back the processed materials and uses them directly for sale.

Borrow: Raw material - A material 140,000

Credit: 140,000 of the entrusted materials for the round work