Accounting entries for partial sales returns after cash discounts

Sales on May 3 Loan Accounts receivable 66690 Credit: main business income 57000 Tax payable - VAT payable (output) 96905 18 Borrow: bank deposit 66120 Financial expenses 570 (assuming cash discount does not include VAT) Credit Accounts receivable 666905 19 Loan:

Bank Deposits (Red) 13224 Financial Expenses (Red) 114 Credit Operating Income (Red) 11400 Taxes Payable - VAT Payable (Output) (Red) 1938 400 Goods Carried Forward at the End of the Period Loan: Cost of Sales Credit: Inventory Goods.

May 3rd. , Debit: Accounts receivable.

Credit: main business income.

Tax payable --- VAT payable (output tax).

Borrowed on 102005 18th: bank deposits.

Finance Expenses. Credit: Accounts receivable.

Borrowed on 672005 19: main business income.

Tax payable --- VAT payable (output tax).

Credit: Bank deposits.

Finance Expenses. Extended Information: Methods of Accounting Entries:

Chromatography. Tomography refers to a method of solving problems that divides the development process of things into several stages and levels, and analyzes them layer by layer, so as to finally obtain results. The use of tomography to compile accounting entries is intuitive and clear, and the ideal teaching effect can be obtained, and the steps are as follows:

1. Analyze and list the accounting subjects involved in economic business.

2. Analyze the nature of accounting accounts, such as asset accounts, liability accounts, etc.

3. Analyze the increase and decrease of the amount of each accounting account.

4. According to the steps, the direction of the accounting account is judged in combination with the economic content (increase or decrease) reflected by the borrower and borrower of various accounts.

5. Prepare accounting entries according to the bookkeeping rules that there must be loans and loans must be equal.

This method is very effective for students to know exactly the accounting subjects involved in the accounting business, and is more suitable for the preparation of individual accounting entries.

Business Chain Method. The so-called business chain method refers to the preparation of accounting entries according to the sequence of accounting transactions, the formation of a continuous business chain, and the existence of a connected relationship between accounting entries before and after business.

This method is more effective for continuous economic business, especially for the direction of bookkeeping that is easy to be mistaken.

Accounting rules method.

The so-called bookkeeping rule method refers to the use of bookkeeping rules "there must be a loan, and the loan must be equal" to prepare accounting entries.

Sales: Loan Accounts Receivable 66690 Credit: Main Business Income 57000 Credit Taxes Payable VAT Payable (Output) 9690 Carry-forward Cost Borrowing Main Business Cost Credit Inventory Goods 18th Borrow:

Bank Deposit Financial Expense Credit Accounts Receivable 6669019 Return Make Reverse Entry Debit: Bank Rough Amount (red) 14040 Credit Principal Operating Income (Red) 12000 Credit Tax Payable - VAT Payable (Output) (hogzi) 2040 Reverse Carry-forward Cost Debit Inventory Goods Credit Cost of Main Business.

1. Offset the sales revenue loan first: tax payable on the sales income of goods - VAT payable (output tax) credit: bank deposit re-warehousing loan: inventory commodity credit: cost of goods sold.

2. The return of sales commodities is debited as an opposite entry: the tax payable on the main business income - the VAT payable (output tax) credit: accounts receivable, etc. (corresponding accounts) At the same time, the cost of the carryover should also be reversed to borrow: the credit of inventory goods: the cost of the main business.

3. When returning the goods for sale, make a red-letter reversal voucher.

Borrow: bank deposits, etc. (in red).

Credit: main business income (in red).

Credit: Tax Payable - VAT (in red).

At the same time: borrow: cost of main business (in red).

Credit: Inventory goods (in red).

What is the difference between a sales rebate and a sales discount?

Reason for discount: A sales discount is a discount given by the seller to encourage the buyer to buy more of its goods; The sales discount is due to the fact that the quality and specifications of the goods do not meet the requirements, and the seller agrees to give a discount on the goods.

Accounting treatment: When the sales discount is accounted for, it is directly processed according to the discounted price, and the discount amount is not reflected, and the invoice is issued according to the discounted amount.

From a tax point of view, distinguish between sales discounts and sales allowances

1) The sales discount for tax purposes refers to: if the taxpayer sells goods by discount, if the sales amount and the discount amount are indicated separately on the same invoice, VAT can be levied according to the discounted sales amount; If the discount amount is invoiced separately, the discount amount shall not be deducted from the sales amount, regardless of how it is financially treated. Therefore, special attention should be paid to the demolition in tax practice"Sales and discount amounts must be stated separately on the same invoice"This.

The reason why it is necessary to stipulate that the sales amount and the discount amount must be indicated separately on the same invoice for commercial discounts is considered from the perspective of ensuring the consistency of VAT taxation and tax deduction.

If one sales invoice is allowed to be issued for the sales amount and another red invoice for the refund amount is issued, it may lead to the problem that the seller calculates the output tax amount according to the sales amount after deducting the discount amount, while the buyer deducts the sales amount without deducting the discount amount. This confusion in the calculation and collection of VAT is not permitted by the tax law.

2) Sales discount means: after the invoice is issued, if the sales discount occurs, the original invoice shall be withdrawn and indicated'Void'wording, reissue the sales invoice.

3) From the above, it can be seen that the tax regulations are the discounts that occur, which must be indicated on an invoice; The tax discount is that the original invoice must be returned (if the original invoice cannot be returned, the certificate issued by the tax bureau where the buyer is located must be obtained, and a red invoice must be issued), and a new invoice must be issued.

In addition, the commercial discount is limited to the discount of the goods**, if the seller uses the goods commissioned for processing or purchase by the seller for the discount in kind, the amount in kind cannot be deducted from the sales of the goods, and the goods in kind shall be in accordance with Article 4 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax"Deemed to be a sale of goods"of"Give it to others for free"Calculate and pay value-added tax for deferred jujubes.

Returns for sales. Credit: Accounts receivable.

Credit: Main business income negative or red.

The tax payable --- the negative or bonus amount of the output tax payable --- the output tax.

Borrow: Inventory of goods.

Debit: Main Operating Costs Negative or Red.

Purchase returns. Debit: Accounts payable.

Credit: Raw materials (or goods in stock).

Accounting entry (aounting entry): refers to the record of economic transactions made in the books of accounts.

1.Through the analysis and review of the original vouchers, according to the double-entry bookkeeping rules, determine the accounts and amounts that should be debited and credited, and register them in the journal, which is called"Preparation of accounting entries"(journalizing) This is called a Zen record"Accounting entries"(Journal Entry), abbreviation"Entries"

2.In practice, accounting entries are realized by filling in accounting vouchers, which is an important link to ensure the correctness and reliability of accounting records. In accounting, no matter what kind of economic business occurs, it is necessary to determine the accounting entries of the economic business by filling in the accounting vouchers in accordance with the bookkeeping rules before registering the account, so as to correctly record the accounts and check them afterwards.

There are two types of accounting entries: simple entries and compound entries.

Simple Entry: Debit: Account Name Amount.

Credit: Account Name Amount.

Compound Entry: Debit: Account Name Amount.

Account Name Amount.

Credit: Account Name Amount.

Account Name Amount.

Retrieved from Page Category: Financial Accounting.

A discount of 1% is incurred, for example, a 10,000 discount

Debit: Accounts payable 11700

Credit: main business income 10,000

Tax Payable - VAT Payable (Output Tax) 1700

When a business makes a payment.

Debit: Bank deposit 10530

Finance Fee 1170

Credit: Accounts payable 11700

If it is returned, it will be reversed with a red letter VAT invoice.

Borrow: Cash on hand 2000

Credit: Other receivables Deposit 2000

You have to check which subject the deposit was recorded in at that time, and you can rush it back.

The accounting entries for the return of expenses can be flushed into the original account.

Borrow: Management Expenses Sales Expenses (in red).

Credit: Cash Bank Deposits (in red).

When it happens:

Borrow: Management of Burning Socks - Postal and Telecommunications Expenses.

Credit: cash on hand bank deposits.

When returned: borrow: administrative expenses - postal and telecommunications charges (in red).

Credit: cash in hand Bank deposits (in red).

Right. 1. It is best to issue a red invoice and deal with it according to the facts.

2. Return for sales processing, and it is okay to issue value-added invoices according to the selling price, but your unit suffers a loss in doing so.

3. If the invoice is given to the seller according to the original price, it is also feasible to treat it as a sales business, but the tax department finds that your selling price is abnormal, and will verify and readjust.

Real Estate Enterprises:

Borrow: Bank deposit.

Credit: Development costs.

Non-Real Estate Enterprises:

Borrow: Bank deposit.

Credit: Construction in progress.

Borrow: Bank deposit 18000

Credit: Accounts receivable 18000