Urgent!!!! How wages payable are transferred to the current year s profits

No, I don't need to. This is a liability where when calculating payroll, you charge the salary to the relevant costs or expenses, which are carried forward to the current year's profit. Wages payable do not need to be transferred.

No carryover. When the wages are accrued, the entries are: production costs or administrative expenses or operating expenses.

Credit: Wages payable.

When paying wages, borrow: wages payable.

Credit: Cash bank deposits.

At this time"Wages payable"The balance should be zero, so there is no need to carry it forward.

Wages payable are carried forward to "current year's profit" through production costs, operating expenses, management expenses and other accounts, and the wages payable themselves do not need to be carried forward, which is reflected in the liability account, and the credit balance is the wages payable to unpaid employees.

Wages payable can only be transferred to costs or expenses, and through the carry-forward of costs or expenses, they can be transferred to the current year's profits; It cannot be directly transferred to the current year's profit.

1.When payroll:

Borrow: Wages payable.

Credit: Cash. 2.End of the month**

Debit: related expenses and other accounts.

Credit: Wages payable.

Borrow: Profit for the current year.

Credit: related fees, etc.

The wages payable do not need to be carried forward, only the wages payable are allocated to the relevant costs and expenses, etc. The allocated expenses are then carried forward to the current year's profits.

As for which account to be assigned, it depends on the employee's department, the work they do, etc.

For example, a salary of 10,000 yuan is paid.

Borrow: 10,000 wages payable

Credit: Cash. Settlement ** debit: management fee 5000

The manufacturing cost is 5000

Credit: Salary payable 5000

Month-end end ** borrowing: 10,000 profit for the year

Credit: 5000 for administrative expenses

The manufacturing cost is 5000

Get it!

Only profit and loss accounts need to be carried forward to the current year's profit.

As long as it is a loss by the end of the year, the profit cannot be distributed.

As you said, in the third year, although it is profitable, you have to look specifically at whether it is enough to make up for the losses in the first two years. If there is still a profit after making up the loss, this part of the profit can be used to distribute the profit. If it is not enough to make up the loss, the profit cannot be distributed in the third year.

Until the fifth year, the same treatment is done.

For example, in the first year, -100

Year 2 -200

In the third year, if the profit is 500, there will be 500-100-200=200, and this 200 can distribute the profit.

If the profit is 300. That's 300-100-200=0. That is, there is no profit to distribute.

By the fourth year, the fifth year is the same, cumulatively. As long as there is a profit, it can be distributed.