About the accounting entries of the retroactive payment, how to do the accounting entries of the ret

Purchase materials in advance:

1. When paying in advance:

Debit: Advance payments.

Credit: Bank deposits.

2. When the material is put into storage:

Borrow: raw materials.

Taxes and fees due. – VAT payable (input tax.

Credit: Accounts prepaid.

3. When making up the payment:

Debit: Advance payments.

Credit: Bank deposits.

Bank deposits are used to make up payments for goods, and bank deposits are reduced, so bank deposits are credited. The enterprise has already prepaid a part of the payment, less to make up, the prepaid account is an asset account, borrowing more and less loans, so use bank deposits to make up the prepayment.

When the prepayment increases, on the debit side.

Bank deposits are used to make up payments for goods, and bank deposits are reduced, so bank deposits are credited. The enterprise has prepaid a part of the payment, less to make up, the prepaid account is an asset account, borrowing and increasing the loan, so when the bank deposit is used to make up the prepayment, the prepaid account increases, and the borrower is borrowed.

Prepaid accounts refer to the prepaid payments made by the enterprise in accordance with the provisions of the contract. The company pays first, and only pays a part, which is equivalent to paying a deposit, and then paying all the money when the goods arrive.

For example, if Company A purchases materials from Company B with a total value of 50,000 yuan, B requires A to pay 50% of the payment first, and then pay the balance after the inspection, and pay 50% of the payment first.

Debit: Prepaid Accounts - Company B 25000

Credit: Bank deposit 25000

Materials received Borrow: Raw materials 50000

Tax Payable - VAT Payable (Input Tax) 8500 Credit: Prepaid Accounts 58500

Pay the balance.

Debit: 33500 prepaid

Credit: Bank deposit 33500

Prepaid accounts refer to the prepaid payments made by the enterprise in accordance with the provisions of the contract. I think your company pays first, and only pays a part, which is equivalent to paying a deposit, and then paying all the money when the goods arrive. For example, if Company A purchases materials from Company B with a total value of 50,000 yuan, B requires A to pay 50% of the payment in advance, and then pay the balance after the inspection》 Pay 50% in advance Borrow Prepaid Accounts - Company B 25000 Credit Bank Deposit 25000 Received Materials Borrow Raw Materials 50000 Tax Payable - VAT Payable (Input Tax) 8500 Credit Prepaid Accounts 58500 Pay the Balance Debit Prepaid Accounts 33500 Credit Bank Deposit 33500 I hope it will help you!!

If the invoice doesn't arrive, that's the only way to do it.

Purchase materials in advance:

1. When paying in advance:

Debit: Advance payments.

Credit: Bank deposits.

2. When the material is put into storage:

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts prepaid.

3. When making up the payment:

Debit: Advance payments.

Credit: Bank deposits.

The bank deposits were used to make up the payment for the goods, and the bank deposits were reduced, so the loan bank deposited the money in the field. The enterprise has prepaid a part of the payment, less to make up, the prepaid account is an asset account, borrowing increase and loan decrease, so when the bank deposit is used to make up the prepayment, the prepaid account increases, in the debit.

Abstract:Payment accounting entries are an important part of accounting work, which involves recording expenditures, settling accounts, recording flow transfers, etc., which is the basic link in accounting work, this paper will introduce the basic operation of payment accounting entries from the basic concepts, business processes, accounting entries and financial statements of payment accounting entries.

Text: 1. The basic concept of payment accounting entries: payment accounting entries refer to the payment of goods in the process of payment by the enterprise, through accounting entries, the payment is recorded on the account for settlement, statements, etc.

2. The business process of payment accounting entries: The business process of payment accounting entries includes recording expenditures, settling accounts, recording flow transfers, etc., and the specific process is as follows:

1) First of all, enterprises should keep a good record of their expenditures to ensure that they are accurate;

2) Secondly, the enterprise should settle the account to ensure the accuracy of the account;

3) Finally, enterprises should record the flow of funds to ensure the accuracy of the accounts;

3. Accounting entries of payment accounting entries: The accounting entries of payment accounting entries generally include the following aspects:

1) Debit: accounts payable;

2) Credit: bank deposits;

3) Borrow: cash;

4) Credit: accounts payable;

4. Financial statements of payment accounting divisions: The financial statements of payment accounting entries generally include the following aspects:

1) Balance sheet: In the balance sheet, the accounts payable items will decrease and the bank deposit items will increase;

2) Income statement: In the income statement, the expenditure items will increase;

3) Cash flow statement: In the cash flow statement, the cash outflow items will increase, and the cash inflow items will decrease.

To sum up, payment accounting entries are an important part of accounting work, which involves recording expenditures, settlement accounts, recording flow transfers and other operations, which is the basic link in accounting work, and requires enterprises to grasp the basic concepts, business processes, accounting entries and financial statements of payment accounting entries in order to be able to correctly operate payment accounting entries and ensure the accuracy of the financial statements of enterprises.

For the goods purchased by the enterprise, a part of the payment is generally paid in advance, and the remaining payment is paid after receiving the goods. How to make accounting entries when making up the payment?

Retroactive payment entries.

1. Pay the advance payment.

Debit: Advance payments.

Credit: Bank deposits.

2. Purchase goods.

Borrow: Inventory goods, etc.

Tax Payable – VAT payable (input tax).

Credit: Accounts prepaid.

3. Make up the insufficient prepayment for the goods.

Debit: Advance payments.

Credit: Bank deposits.

Accounting entries for the receipt of payments.

If the previous round has been processed for sales, the entries are:

Borrow: Bank Deposits, Cash on Hand.

Credit: Accounts receivable.

If no sales processing is made, the entry is:

Borrow: Bank Deposits, Cash on Hand.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Cost of main business.

Credit: Inventory of goods.

How to do the accounting entries for the return of payment?

Borrow: Bank deposit.

Credit: Accounts payable.

Accounts payable refers to the amount payable by the enterprise to the ** unit due to the purchase of materials, commodities or the acceptance of labor services and other business activities.

When an enterprise purchases goods in the course of operation, it will generally pay part of the payment in advance, and the remaining part will be paid when the goods are received.

Accounting entries for retroactive payments.

1. Pay the advance payment.

Debit: Advance payments.

Credit: Bank deposits.

2. Purchase goods.

Borrow: Inventory goods, etc.

Tax Payable – VAT payable (input tax).

Credit: Accounts prepaid.

3. Make up for the empty hidden goods that are insufficient in advance.

Debit: Advance payments.

Credit: Bank deposits.

What is a prepaid account?

Prepayment refers to the payment of ** units in advance with monetary funds or monetary equivalents in accordance with the provisions of the purchase contract. In daily accounting, the prepaid accounts are recorded according to the actual amount paid, such as the prepaid materials, the payment for the purchase of commodities, and the pre-purchase deposit for agricultural and sideline products that must be issued in advance and recovered later. For purchasing companies, prepaid accounts are a current asset.

Prepaid accounts generally include prepaid payment and prepaid purchase deposit.

What is a bank deposit?

Bank deposits are money deposited in banks and are a component of monetary funds. According to the provisions of China's cash management system, every enterprise must open a deposit account with the People's Bank of China or a specialized bank to handle deposits, withdrawals and transfer settlements. The bank deposits of enterprises mainly include:

Settlement account deposits, letter of credit deposits, foreign deposits, etc.

What are the taxes payable?

The taxes payable refer to the various taxes and fees payable by the enterprise according to the operating income and profits realized in a certain period of time, in accordance with the provisions of the current tax law, and using a certain tax calculation method.

When the commodity retail enterprise collects the goods in the warehouse, it debits the "inventory goods" with the amount of the selling price (including tax) of the goods, credits the "material procurement" with the purchase price (excluding tax) of the goods, and credits the "commodity purchase and sales price difference" with the difference between the retail price of the goods including tax and the purchase price excluding tax.

The "commodity purchase and sales price difference" account is a special account used by commodity retail enterprises to calculate the difference (gross profit + output tax) between the price of goods (including tax) and the purchase price (excluding tax). The debit side reflects the difference between the purchase price of the acquired goods and the retail price, the difference between the purchase and sale price of the goods apportioned at the end of the month and the difference between the lower selling price when the selling price of the inventory is adjusted; The lender reflects the difference between the retail price of the acquired goods and the difference between the purchase price of the goods and the increase in the selling price of the inventory goods when the selling price is adjusted; The credit balance reflects the difference between the purchase price of the inventory goods and the selling price, and the debit balance reflects the difference between the purchase price of the inventory goods and the selling price, and the balance is generally on the credit side.

The recognition and accounting treatment of the purchase of commodities and the purchase lease including confiscation tax of retail enterprises are only the accounting of the selling price of inventory goods, and their accounting treatment is different, and the others are basically the same as those of wholesale enterprises.

Receipt of goods, unpaid, should be included in the accounts payable account, the source cover accounting entries are: debit: raw materials tax payable - VAT payable (input tax) credit:

Accounts payable accounts payable account: 1. Account nature: liability account.

2. Account purpose: Accounting for the unpaid amount due to the purchase of materials, commodities and labor services by the enterprise. 3. Account structure:

The credit is increased to register the payment to the ** Dongdan unit; The debit is reduced and the payment for the ** unit has been repaid; The closing balance is on the credit side and represents the outstanding payment for the goods. 4. Detailed account: Set up sub-ledger according to ** unit.

The company first prepaid, and then made up the payment, which is generally divided into 3 steps, one is to pay the advance payment, and its entries are reputational and rebellious, borrowing: Qingzi prepaid accounts, credit: bank deposits.

Second, when the enterprise receives the goods from the other party, it makes the following accounting entries, debiting: inventory goods, etc., tax payable - value-added tax payable - input tax, credit: prepaid accounts, accounts payable.

3. Payment of the remaining accounts payable book, the entries are, debit: accounts payable, credit: bank deposits.