Double entry bookkeeping Accounting entries, what is double entry bookkeeping

The accounting entries are as follows:1. Borrow:

Raw materials 10000 credit: bank deposits 10000 2. Borrow:

Generate cost 40000 credit: raw materials 40000 3. Borrow:

Cash in hand 400 credit: bank deposits 400 4. Borrow:

Fixed assets 100,000 Credit: bank deposits 100,000 5. Borrow:

Accounts payable 3000 credit: bank deposits 3000 6. Borrow:

Generated cost 25000 credit: raw materials 25000 7. Borrow:

Bank Deposit 3000 Credit: Accounts Receivable 3000 8. Borrow:

Short-term borrowings 12000 Accounts payable 4000 Credit: bank deposits 16000 9. Borrow:

Bank Deposit 20000 Credit: Paid-up Capital 20000 10. Borrow:

Bank Deposits 3600 Cash on hand 400 Credit: Accounts receivable 4000

I don't know if your unit price is tax-included.

Assuming that the price is excluding tax, it is as:

Debit: Accounts payable or funds account.

Credit: Inventory of goods.

Tax payable - VAT payable - input transfer out at 1020

Assuming a tax-inclusive price.

Debit: Accounts payable or funds account.

Credit: Inventory of goods.

Tax Payable - VAT Payable - Input Transferred Out In.

Legal Analysis: Double-entry bookkeeping is a bookkeeping method that takes the balance of assets and equity as the basis of bookkeeping, and for each economic transaction, it is necessary to register in two or more interrelated accounts with an equal amount, and systematically reflect the results of changes in the movement of funds. Double-entry bookkeeping is a specialized method of registering every economic transaction through the interconnection of two or more related accounts.

Any economic activity will cause changes in capital or changes in financial income and expenditure.

Legal basis: Article 4 of the "Measures for the Administration of Bookkeeping" Institutions that meet the following conditions may apply for ** bookkeeping qualifications: (1) Enterprises established in accordance with the law; (2) There shall be no less than 3 full-time practitioners holding accounting qualification certificates; (3) The person in charge of the bookkeeping business has the professional and technical qualifications of an accountant or above and is a full-time practitioner; (4) Have a sound internal standard for bookkeeping business.

Article 5 Institutions applying for ** bookkeeping qualifications shall submit an application report to the local examination and approval authorities and attach the following materials: (A) a copy of the business license; (2) The accounting qualification certificate of the practitioner, and the person in charge of the bookkeeping business has the professional and technical qualifications of the accountant or above; (3) A written commitment by full-time employees to engage in full-time employment at the institution; (4) **Internal norms for bookkeeping business.

Legal Analysis: It is the standard system for recording financial transactions in business and other organizations. The system is called double-entry bookkeeping because each transaction is recorded in at least two different accounts.

Legal basis: "Tax Accounting System" Article 13 The "loan bookkeeping method" of tax accounting takes the tax authorities as the accounting entity, takes the tax fund activities as the main body of accounting, adopts "debit" and "credit" as the accounting symbols, and uses the principle of double-entry bookkeeping to reflect the movement and changes of tax funds. Its accounting accounts are divided into two categories: funds** and capital occupation.

All of its accounts are divided into "debit" and "credit", with "debit" on the left and "credit" on the right, with "debit" recording an increase in the occupation of funds and a decrease in the amount of funds **, and "credit" recording a decrease in the occupation of funds and an increase in the amount of funds**. Its bookkeeping rule is that for each tax transaction, the same amount must be credited to the debit side of one account and the credit side of another account, or to the debit (or credit) of one account and the credit (or debit) of several accounts, that is, "there must be a loan, and the loan must be equal".

The so-called double-entry accounting method refers to a bookkeeping method that takes the balance relationship between assets and equity as the basis of bookkeeping, and for each economic business, it is necessary to register in two or more accounts that are linked to each other, and systematically reflect the results of changes in the movement of funds. The theoretical basis for double-entry bookkeeping is the basic equation of accounting. Double-entry bookkeeping can be divided into credit and debit bookkeeping, increase and decrease bookkeeping and receipt and payment accounting according to the different accounting symbols, bookkeeping rules and trial balance methods.

The credit accounting method is one of the most miscellaneous and widely used double-entry accounting methods today, and it is also the legal accounting method in China. As to which party will record the increase and which party will record the decrease, it will depend on the economic content and the nature of the business to be reflected in the account.

Double-entry bookkeeping mainly includes double-entry accounting of loans, double-entry accounting of increases and decreases, and double-entry accounting of receipts and payments. In the past, these three methods were used in China, and now they are unified into the internationally accepted double-entry accounting method for loans. Loan accounting, increase and decrease accounting, receipt and payment accounting (funds, cash, physical goods).

Double-entry accounting is the occurrence of any economic transaction, which will cause at least two items of assets and liabilities to increase or decrease, and the amount of increase or decrease is equal. Accordingly, each economic transaction should be reflected in equal amounts and registered in at least two relevant accounts at the same time.

Double-entry accounting refers to the bookkeeping method in which each economic transaction is registered in two or more interrelated accounts at the same time with an equal amount. The double-entry accounting method is based on the balance between assets and equity as the basis of bookkeeping, and for each economic transaction, it is necessary to register in two or more interrelated accounts with the same amount, and systematically reflect the results of changes in the movement of funds.

Answer: Double-entry accounting refers to the method of registering each economic transaction in two or more interrelated accounts at the same time with an equal amount.

Advantages: (1) You can understand the ins and outs of each economic business; Through the increase or decrease of accounting elements, it is possible to comprehensively and systematically understand the process and results of the economic activities of the enterprise.

2) You can perform a trial balance on the results of the account records to check the correctness of the account records.

Double-entry bookkeeping is for the previous single-entry bookkeeping, under the single-entry bookkeeping, it is equivalent to a monthly flow account, and no business is only recorded in one account.

Double-entry bookkeeping is different, first of all, it is booked on the basis of the accounting identity, that is: assets + expenses = liabilities + owners' equity + income, each business, no matter how it happens, this equation will always hold;

Secondly, the loan is used as the accounting symbol, and the record of each business is registered through the borrower and the borrower at the same time, that is: there must be a loan, and the loan must be equal, so as to ensure the establishment of the identity;

Third, the left side of the identity is the increase in the debit side of the asset and expense, the decrease in the credit, the right side of the increase in credit, the decrease in credit, so on the basis of the identity, a business can only cause the left or right side of the equal sign to increase and decrease, or the left and right sides to increase and decrease at the same time.

Finally, the biggest advantage of double-entry bookkeeping is that you can check whether the accounting identity is equal to check whether the accounting is correct, if the left and right sides are not equal in the end, it must be wrong, that is, through double-entry bookkeeping, it is convenient to check the integrity and correctness of the account records.