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Anonymous users2024-02-07The profit and loss account is carried forward to the current year's profit account every month.
Profit and loss items include: main business income, other business income, non-operating income, subsidy income, main business costs, other business expenses, non-operating expenses, management expenses, financial expenses, operating expenses, income tax, investment income, main business taxes and surcharges, etc.
2. The profit of the year shall be carried forward at the end of the year, and the carry-over entries shall be carried forward
1) If profitable.
Borrow: Profit for the current year.
Credit: Profit distribution - undistributed profits.
2) In case of loss.
Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
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Anonymous users2024-02-06Profit and loss accounts must be transferred to the profit account of the current year at the end of the month. The financial treatment is:
Carry forward various income and profit accounts.
Borrow: main business income.
Other business income.
Fair value change gain or loss.
Investment income. Non-operating income.
Credit: Profit for the year.
Carry forward various expense and loss accounts.
Borrow: Profit for the current year.
Credit: Cost of Principal Operations.
Other business costs.
Sales tax and surcharges.
Selling expenses. Management fees.
Finance Expenses. Asset impairment losses.
Non-operating expenses.
Profit and loss account refers to the account of accounting for the income obtained by the enterprise and the costs and expenses incurred, which specifically includes:
Income accounts: main business income, other business income, investment income, fair value change profit and loss, etc.
Expense accounts: main business costs, other business costs, asset impairment losses, business taxes and surcharges, sales expenses, management expenses, financial expenses, income tax expenses, etc.
Gain directly included in current profit: non-operating income.
Loss directly credited to current profit: non-operating expenses.
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Anonymous users2024-02-05Q: How do I carry forward the profit and loss account at the end of the month?
Answer: How to carry forward the profit and loss accounts at the end of the month, the details are as follows:
1. Profit and loss entries carried forward from income at the end of the month:
Borrow: main business income.
Borrow: Non-operating income.
Credit: Profit for the year.
2. Profit and loss entries carried forward from costs and expenses at the end of the month:
Borrow: Profit for the current year.
Credit: Cost of Principal Operations.
Credit: Administrative expenses.
Credit: Finance Expense.
Credit: Selling expenses.
Credit: Non-operating expenses.
1. Month-end profit and loss carry-forward entries:
1. Carry forward various incomes.
Borrow: main business income, other business income, non-operating income.
Credit: Profit for the year.
2. Carry-over of burying expenses during the period.
Borrow: Profit for the current year.
Credit: Rock Bar Management Expenses, Operating Expenses, Financial Expenses.
3. Carry-over of costs.
Borrow: Profit for the current year.
Credit: Cost of main business, other operating expenses, non-operating expenses.
4. Carry-over of taxes.
Borrow: Profit for the current year.
Credit: main business tax and surcharge, income tax.
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Anonymous users2024-02-04Carry forward the profit and loss account of this month to the "Profit of the Year" account, and the accounting entries are as follows:
The month-end carry-forward profit and loss accounts are as follows:
1. Collect various incomes.
Borrow: The main business is included in the chain of collection.
Other business income.
Non-operating income.
Credit: Profit for the year.
2. Carry-over of expenses during the period.
Borrow: Profit for the current year.
Credit: Administrative expenses.
Operating expenses. Finance Expenses.
3. Carry-over of costs.
Borrow: Profit for the current year.
Credit: Cost of Principal Operations.
Other operating expenses.
Non-operating expenses.
4. Carry-over of taxes.
Borrow: Profit for the current year.
Credit: Business tax and surcharge.
Income tax expense.
5. Carry-over investment income:
Net income: borrowed: investment income.
Credit: Profit for the year.
Net loss: borrow: profit for the year.
Credit: Investment income.
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Anonymous users2024-02-031. Carry-over income:
Borrow: Main operating income.
Other business income.
Non-operating income.
Credit: Profit for the year.
2. Carry-over costs.
Borrow: Profit for the current year.
Credit: Cost of Principal Operations.
Other business costs.
Non-operating expenses.
Management fees. Finance Expenses.
Operating expenses. Tax Payable – VAT (output tax) payable
Sales tax and surcharges.
3. The net profit realized in the current year after offsetting the income and expenditure of the current year:
Borrow: Profit for the current year.
Credit: Profit distribution - undistributed profits.
If it's a loss:
Debit: Profit distribution - undistributed profit.
Credit: Profit for the year.
4. Then calculate the income tax (not necessarily paid monthly) according to the profits: income tax.
Credit: Tax Payable - Corporate Income Tax.
Borrow: Profit distribution – income tax extraction.
Credit: Income Tax.
You can:
5. Surplus reserve can be withdrawn, generally about 10% of the after-tax profit is withdrawn from the statutory reserve, and 5% is withdrawn from any reserve.
Borrow: Profit distribution - withdrawal of surplus reserves.
Credit: Surplus Reserve - Statutory Provident Fund.
Arbitrary reserve. 6. Distribute profits.
Debit: Profit distribution - undistributed profit.
Credit: Distribution of Profits – Income Tax Extraction.
Profit distribution – withdrawal of surplus reserves.
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Anonymous users2024-02-02Borrow: Income class.
Main business income, other business income, non-operating income, etc.) credit: profit for the year.
Borrow: Profit for the current year.
Credit: Expenses (main business costs, other business expenses, main business taxes and surcharges, management expenses, financial expenses, operating expenses, non-operating expenses, income tax, etc.).
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Anonymous users2024-02-01Profit and loss accounts.
A type of accounting account that is used to account for the "current year's profit."
services, including income accounts and expense accounts; At the end of the period (at the end of the month, at the end of the quarter, at the end of the year), the accumulated balance of such accounts needs to be transferred to the "current year's Lihuai Run" account, and the balance of these accounts should be zero after the carryover.
The official website shall prevail.
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Anonymous users2024-01-311: Borrow: the main sedan car noisy camp sail disturbs the business cost.
2. Income tax = (1570000-800000+8500)*25%=194625
Selling expenses mausoleum attendants.
Sales tax and surcharges.
Management fees. Finance Expenses.
Non-operating expenses.
Credit: Profit for the year.
575375 - The answer to the third question is subtracted from the fourth answer.
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Hello before you met me.
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