How to make accounting entries for commodity discounts, and how to make accounting entries for commo

Suppose the price of a commodity is 5000, the discount is 200, the special VAT invoice is 5000, and the payment should be 4800

1. When selling normally:

Debit: Accounts receivable 5850

Credit: main business income 5000

Tax payable – VAT payable (output tax) 850

2. When a discount occurs:

Debit: Finance fee 200

Credit: Accounts receivable 200

3. Collection: borrow: bank deposit 5650

Credit: Accounts receivable 5650

There are three types of merchandise discounts: commercial discounts, cash discounts, and sales rebates.

The commercial discount is directly deducted from the payment of the goods payable, that is, it is recorded in the account after the discount. Entries are processed as:

Debit: raw materials, etc. (amount after discount).

Tax Payable VAT payable (input tax) (discounted amount * tax rate).

Credit: Bank deposits.

The sales discount on the invoice is a commercial discount, and the accounting entry is:

Debit: accounts receivable, cash on hand, etc.

Credit: main business income.

Discount data) Tax Payable - VAT Payable (Output Tax).

Extended information: A discount enjoyed after payment within the payment period according to the payment term specified by the merchant. The amount payable is recorded at the time of entry, and the financial expenses will be offset by the discount after the payment is made within the period.

Whether the VAT is deducted depends on the provisions of the contract with the first business, if the contract stipulates that the discount does not include the tax amount, then the VAT will not be deducted.

Preparation of accounting entries for over-borrowing and multi-lending. However, in some special circumstances, in order to reflect the overall picture of economic operations, it is also possible to prepare accounting entries for multiple loans and loans.

According to the provisions of the tax law, after the sale of goods and the issuance of special invoices to the buyer, if there is a return or sales discount, if the buyer has paid or the payment has not been paid and the payment has been accounted for, and the invoice copy and the deduction copy cannot be refunded, the buyer must obtain the "purchase withdrawal or request for discount certificate" issued by the local tax authority and send it to the seller, as the legal basis for the seller to issue a special invoice in red, and issue a special invoice in red.

The repurchase of goods is not a return of sales, but a new purchase.

For the repurchase of goods from the seller or non-VAT general taxpayer units, it is impossible to obtain a special VAT invoice, which does not have the problem of input tax deduction, and the accounting entries are as follows:

Borrow: Inventory of goods.

Credit: Bank deposits (accounts payable, etc.).

For the repurchase of goods from the general VAT taxpayer unit, the special VAT invoice shall be obtained in accordance with the law, and the input tax shall be calculated, and the accounting entries shall be as follows:

Borrow: Inventory of goods.

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

Credit: Bank deposits (accounts payable, etc.).

Discount sales (commercial discounts) are sales that are directly invoiced according to the discounted amount.

The sales discount (cash discount, which is based on the total price (that is, the price without discount), is invoiced and the sales revenue is recognized.

When the other party pays and enjoys a cash discount, the difference will be included in the "financial expenses."

In fact, for cash discounts, you can not issue invoices first, and when the other party pays, you can invoice according to the payment amount, which can reduce part of the (value-added tax) tax burden.

Suppose the price of a commercial product is 5,000, the discount is 200, the special VAT invoice is 5,000, and the payment should be 4,800

1. When selling normally:

Debit: Accounts receivable 5850

Credit: main business income 5000

Taxes payable on wild slag - VAT payable (output tax) 8502, when a discount occurs:

Debit: Finance fee 200

Credit: Accounts receivable 200

3. Collection: borrow: bank deposit 5650

Credit: Accounts receivable 5650

How to account when there is a discount on the purchase of goods?

1. The actual cash discount incurred by the seller shall be included in the financial expenses.

Borrow: Bank deposit.

Debit: Finance Charges (Cash Discounts).

Credit: Accounts Receivable Notes Receivable.

2. The cash discount actually obtained by the purchaser shall be offset against the financial expenses of the current period.

Debit: Accounts Payable Notes Payable.

Credit: Bank deposits.

Credit: Finance Charges (Cash Discounts).

Which account should be included in the discounts on goods?

Commercial discounts are not recorded in revenue, and the amount after commercial discounts are directly deducted when revenue is recognized; Cash discounts are credited to finance expenses, and when revenue is recognized, they are credited to finance expenses based on the specific amount of the discount.

How many ways are there to account for cash discounts?

There are three methods of accounting for cash discounts, the price method, the net price method and the allowance method. China's new accounting standards for enterprises require the use of the total price method for accounting, and the net price method is not allowed.

1. Total price method: when selling goods, the accounts receivable and sales revenue are recorded in the invoice ** at the same time, and the cash discount is not considered. Sales discounts are included in the income statement as a subtraction from sales revenue.

2. Net price method: when selling goods, the accounts receivable and sales revenue are recorded at the same time as the invoice**, if the purchasing enterprise does not enjoy the cash discount, the part of the cash received that exceeds the net price is credited to the "financial expenses" as interest income.

3. Allowance method: when selling goods, the accounts receivable are recorded in the invoice **, and the sales revenue is recorded at the net price after deducting the cash discount, and a provision account "allowance sales discount" reflects the cash discount, and the "allowance sales discount" refers to the offset account of accounts receivable.

The above is the preferential accounting entry treatment of purchased goods, and also introduces several accounting methods for cash discounts, I hope you can make effective use of them in your daily work.

Seller: If the price and the discount amount are indicated separately in the amount column of the same invoice, the VAT can be calculated and paid according to the discounted chain price for the sales amount, and the accounting treatment is as follows

Debit: accounts receivable, etc.

Credit: main business income.

Tax Payable - VAT Payable (Output Tax), Small-Scale Tax Payable - VAT Payable (Discounted Amount), if the discount amount is invoiced separately or only indicated in the remarks column, regardless of the financial treatment, the discount amount shall not be deducted from the VAT sales.

Buyer: The product is not sold:

Borrow: Inventory items (in red).

Tax Payable - VAT Payable (Input Tax) (in red).

Credit: Accounts payable, etc. (in red).

The goods have been sold and the cost is carried forward:

Borrow: The cost of the main business (in red) is split.

Tax Payable - VAT Payable (Input Tax) (in red).

Credit: Accounts Payable (in red).

Sometimes some shopping malls will discount some products to varying degrees during the festival in order to increase their sales, so what should be done about the accounting entries of product discounts?

There are three types of product discounts: commercial discounts, cash discounts, and sales discounts.

1. Commercial discounts:

Borrow: raw materials.

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

Credit: Bank deposits.

Commercial discount refers to the ** deduction given by the enterprise on the price of goods in order to promote the sales of goods, so it does not affect the measurement of revenue from the sale of goods.

2. Cash discount:

At the time of purchase. Borrow: raw materials, etc.

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

Credit: Accounts payable.

After enjoying the discount.

Debit: Accounts payable.

Credit: Bank deposits.

Finance Expenses. Cash discounts are a generous offer given by businesses to attract customers to pay in advance. The higher the cash discount, the more customers will pay in advance, but it will reduce the profit of the business.

Credit terms are payment requirements made by businesses to customers in order to encourage them to pay as soon as possible, including credit periods, cash discounts, and discount periods.

3. Sales discounts:

Borrow: raw materials.

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

Credit: Accounts payable.

Sales discount refers to the concession given by the enterprise on the selling price due to the quality of the goods sold does not meet the requirements. After the enterprise sells the goods to the buyer, if the buyer finds that the goods do not meet the requirements in terms of quality and specifications, the seller may be required to give a certain concession on **.

Accounts payable refers to the amount payable by an enterprise for business activities such as the purchase of materials, goods or the receipt of labor services**. Accounts payable should generally be recognized when the main risks and rewards associated with the ownership of the goods purchased have been transferred, or when the services purchased have been accepted.

In order to ** and reduce inventory, shopping malls usually discount some items. In addition, our businesses also shop on a wholesale basis. For customers who purchase more frequently, merchants will discount some items to promote cooperation and further communication.

So, do you know what discount accounting entries are? If you are interested, you can read on!

How are accounting entries for shopping discounts prepared?

1. Commercial discounts:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

The transaction discount occurs at the time of sale and does not form part of the final Boom Deal**. For commercial disruption discounts, the actual transaction transaction** is the recorded value of accounts receivable.

2. Cash discount:

1) Sell goods on credit and confirm accounts receivable. The specific accounting entries are as follows:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

2) Receipt of money, write-off accounts receivable. The specific accounting entries are as follows:

Borrow: Bank deposit.

Finance expense (the amount of cash discount actually incurred).

Credit: Accounts receivable.

3. Sales discounts:

1) If the sales discount occurs before the sales revenue is recognized, it shall be recognized directly according to the amount after deducting the sales discount.

The specific accounting entries are as follows:

Borrow: bank deposits, etc.

Credit: Revenues from the main business (net after discounts).

Tax Payable – VAT payable (output tax).

At the same time: borrow: the cost of main business.

Credit: Inventory of goods.

2) If the sales discount of the sales goods for which the enterprise has recognized the sales revenue and does not belong to the event after the balance sheet date, the sales revenue of the current period shall be written off when it occurs. If the VAT deduction is approved in accordance with the regulations, the confirmed VAT output tax shall also be deducted.

The specific accounting treatment is as follows:

Borrow: main business income.

Tax Payable – VAT payable (output tax).

Credit: bank deposits, etc.