How to do the accounting entries of the main business income

The main business income refers to the basic income generated by the regular and main business of the enterprise, such as the income from the sale of products, non-finished products and the provision of industrial labor services in the manufacturing industry;

The main business income belongs to the profit and loss account, and its debit indicates a decrease and a credit indicates an increase.

For example, Dahua Company sold a batch of goods to Daxing Company, the price on the VAT invoice was 80 000 yuan, and the VAT amount was 13 600 yuan.

When the sales are realized, Dahua Company shall make the following accounting entries:

Debit: Accounts receivable Daxing Enterprise 93 600

Credit: main business income 80 000

Tax payable VAT payable (output tax) 13 600

When a sales allowance is issued:

Borrow: 4 000 main business income

Tax Payable VAT payable (output tax) 680

Credit: Accounts Receivable Daxing Enterprise 4 680

When the money is actually received:

Debit: Bank deposit 88 920

Credit: Accounts Receivable Daxing Enterprise 88 920

Main business income.

Accounting Entries: Debit: Bank Deposits, Accounts Receivable, etc.

Credit: main business income.

Taxes and fees due. VAT payable (output tax.

The "main business income" account is used to account for the income generated by the enterprise in its daily activities such as selling goods and providing labor services. Under the "Principal Business Income" account, sub-ledgers should be set up according to the type of principal business.

Perform detailed accounting.

The main business income refers to the income obtained by the enterprise through its main business activities. It includes income from the main business such as the sale of goods and the provision of labor services.

Characteristics of main business income:

Principal business income is generated from the day-to-day activities of the business, rather than from incidental transactions or events.

Income may be manifested as an increase in corporate assets, such as increased bank deposits, accounts receivable, etc.; It may also be manifested in the reduction of corporate liabilities, such as the use of goods or services to offset debts; or both.

Income can lead to business ownership equity.

increase. Because income can increase the assets of the business or reduce the liabilities or both. Therefore, according to the identity of "assets-liabilities = owners' equity", the income obtained by the enterprise must be able to increase the owner's equity, but the net amount of income after deducting the related costs and expenses may increase the owner's equity or decrease the owner's equity.

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The accounting entries of the main business income are as follows:1. Recognition of revenue:

Borrow: Bank deposit.

Credit: main business income.

Tax Payable – VAT payable.

2. Accrual of additional tax:

Borrow: Business tax and surcharge.

Credit: Taxes payable - Urban construction tax payable.

Taxes payable - Education fee surcharge payable.

Taxes payable - local education surcharge payable.

3. When deducting taxes:

Debit: Tax Payable - VAT Payable.

Taxes payable - urban construction tax payable.

Taxes payable - Education fee surcharge payable.

Taxes payable - local education surcharge payable.

Credit: Bank deposits.

4. Carry forward the cost of sales:

Borrow: Cost of main business.

Credit: Inventory of goods.

It should be noted that the main business income is the operating income obtained by the enterprise engaged in the production and operation activities of the industry. The main business income is different according to the different activities engaged in by enterprises in various industries, for example, the main business income of industrial enterprises refers to "product sales revenue"; The main business income of a construction enterprise refers to the "project settlement income".

The above content refers to Encyclopedia - Main Business Income.

Main business income.

The entries are written like this: two accounting entries should be made for grinding a main business income.

The first is to recognize the sales revenue. Debit: Bank deposits or accounts receivable.

Wait. Credit: income from main business, tax payable - VAT payable (output tax).

The second is to carry forward the cost of sales. Borrow: Cost of main business.

Credit: Inventory of goods.

Operating income. Including main business income and other business income. The main business income refers to the income generated by the recurring and main business of the enterprise. Other business income refers to business income other than the above-mentioned main business income.

The main business income includes the income from the sale of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; the income from the sale of goods by commodity circulation enterprises; Ticket revenue, customer revenue, catering revenue, etc. in the tourism service industry.

The main business refers to the business of the taxpayer mainly taking transportation, construction, real estate development and other behaviors as the main business projects of the enterprise. So what should be done with the corresponding accounting entries?

What is the main business?

The main business refers to the business of the taxpayer mainly in the transportation, construction, real estate development, financial insurance, post and telecommunications, culture and sports, entertainment, tourism, catering, service and other industries, as well as the business of mining, production and operation of taxable products subject to resource tax as the main business items.

Enterprises that sell commodities (products), sell immovable property, transfer land use rights, and provide labor services in the form of advance accounts and installment collection, and construction enterprises that collect project fees in advance shall determine the realization of income in accordance with the provisions of the Financial Accounting System and the tax law, and calculate and pay taxes in a timely manner in accordance with the regulations.

Relevant accounting entries.

Borrow: Business tax and surcharge.

Credit: Tax Payable - Business Tax Payable.

Land Appreciation Tax (LAT) is payable.

Urban maintenance and construction tax should be paid.

Credit: Other Payables - Education Surcharge Payable.

It should be handed over to the construction of cultural undertakings**.

Accounting entries are prepared when taxes and surcharges are paid.

Borrow: Tax Payable - Business Tax Payable.

The resource tax should be paid for a long time.

Land Appreciation Tax (LAT) is payable.

Urban maintenance and construction tax should be paid.

Borrow: Other Contributions Payable - Education Fee Surcharge Payable.

It should be handed over to the construction of cultural undertakings**.

Credit: Bank deposits.

Tax accounting treatment of resource tax taxpayers in procurement, production and sales:

1.Accounting entries are prepared when untaxed mineral products are acquired.

Borrow: material procurement.

Credit: Tax Payable - Resource Tax Payable.

2.For self-produced and self-used products subject to resource tax, accounting entries shall be prepared when they are transferred for use.

Borrow: production costs, manufacturing expenses, etc.

Credit: Tax Payable - Resource Tax Payable.

3.Accounting entries are prepared when income from the sale of products subject to resource tax is obtained.

Borrow: Product sales tax and surcharge.

Credit: Tax Payable - Resource Tax Payable.

4.When paying taxes, prepare accounting entries.

Borrow: Tax Payable - Resource Tax Payable.

Credit: Bank deposits.

The main business income refers to the basic income generated by the company's regular and main businessThe main entries are as follows:

1. Confirm sales revenue.

Debit: bank deposits or accounts receivable, etc., credit: main business income, tax payable - VAT payable (output tax).

Second, carry forward the cost of selling slow shed oak.

Borrow: Cost of Principal Operations, Credit: Inventory Goods.

3. Carry-over of main business income.

Borrow: main business income, Credit: profit for the year.

What is the accounting entry of main business income is a common problem in accounting work, and in the process of production and operation of enterprises, the boss generally pays more attention to the two important values of main business cost and income.

Fourth, the difference between main business income and other business income.

There is a clear difference between the concept and accounting content of main business income and other business income.

1. Conceptual differences.

The main business income accounts for a large proportion of the company's income, specifically referring to the income obtained from the continuous and main business activities of the enterprise. The income from other businesses accounts for a smaller proportion of the company's income, which specifically refers to the income obtained by the enterprise from engaging in other business activities other than its main business activities.

2. The difference in accounting content.

The accounting content of the main business income account involves the income obtained from the main business such as the sale and modification of commodities and the provision of labor services, but the accounting content of other business income accounts involves the leasing of fixed assets, the leasing of packaging and commodities, the leasing of intangible assets and sales materials, etc.

The above is all about the main business income accounting entries.