Other business revenue recognition time, main business income recognition time requirements, what ar

The first case:

Make entries when the payment is received in December:

Borrow: Bank deposit cash 60000

Credit: Other business income 10000

Accounts receivable 50000 in advance

Accrued Tax: Debit: Other Operating Costs 500

Credit: Tax Payable - Sales Tax Payable 500

The amount of the invoice is 60,000 yuan to declare the tax declaration in the current month, but the tax on one month's rent is calculated in the book, and when it is paid in the next month, make entries.

Debit: Tax Payable - Sales Tax Payable 3000

Credit: Bank deposit 3000

After that, the rental income is carried forward from the advance accounts every month, and the tax is accrued, and the tax payable-business tax payable and the accounts received in advance are even offset.

The second method, which is the same as the first method, recognizes income and taxes on a monthly basis.

I'll do it for you.

According to Article 19 of the Enterprise Income Tax Law, rental income shall be recognized in accordance with the date of lease payable as agreed in the contract.

So entries are made when the payment is received in December:

Borrow: Bank deposit 60000

Credit: Other business income 10000

Accounts receivable 50000 in advance

Accrued Tax: Debit: Other Operating Costs 500

Credit: Tax Payable - Sales Tax Payable 500

Note: Rental income is generally included in other business cost accounts.

The difference is that one is in December and the other is in January.

It should only be recognized when there is no significant uncertainty in the recognition of the income from the assets of the enterprise provided by others with the use of the enterprise's assets

1) Interest. According to factors such as the principal amount of the loan and the applied interest rate, it is recognized on a time-proportioned basis;

2) Usage fees. According to the relevant terms of the agreement, it is confirmed on the accrual basis;

3) Dividends (not accounted for by the equity method). It is recognized when the right of shareholders to receive dividends is established.

Only when there is no significant uncertainty in the recognition of the income from the use of the assets of the enterprise by others should it be recognized:

1) Interest. According to factors such as the principal amount of the loan and the applied interest rate, it is recognized on a time-proportioned basis;

2) Usage fees. Confirmed on an accrual basis of account in accordance with the relevant terms of the agreement;

3) Dividends (not accounted for by the equity method). It is recognized when the right of shareholders to receive dividends is established.

1. The recognition of revenue from the sale of goods needs to meet the following four conditions at the same time: first, the enterprise has transferred the main risks and rewards of commodity ownership to the buyer; Second, the enterprise neither retains the right to continue management, which is usually associated with ownership, nor does it exercise control over the goods sold; Third, the economic benefits related to the transaction can flow into the enterprise; Fourth, the relevant revenues and costs can be reliably measured. For example, if an enterprise sells a commodity and receives payment from the buyer and delivers the goods to the buyer at the same time, if the goods are damaged thereafter, it has nothing to do with the enterprise, and the profit earned by the purchaser from using the goods has nothing to do with the enterprise.

This shows that "the main risks and rewards of the ownership of the commodity are transferred to the purchaser", and the enterprise certainly does not have the right to continue to manage the commodity, and at the same time cannot and has no right to control the commodity, and the receipt of payment also means that the economic benefits of the transaction have flowed into the enterprise, and the relevant income and costs can be reliably measured.

2. The time of recognition of operating income.

1) In the direct payment method, the invoice bill and bill of lading have been handed over to the buyer as the realization of business income, regardless of whether the goods or products are issued, with the proof that the payment has been received or obtained.

2) In the form of collection and acceptance or entrusted collection settlement, the realization of business income shall be confirmed after the goods and products have been sent out and the invoices and bills have been submitted to the bank to complete the collection procedures.

3) For goods sold in the form of advance receivables, the realization of operating income should be recognized when the products are shipped.

4) In the case of consignment sales, the time when the consignment goods have been sold and the consignment list is received is the time when the business income is confirmed.

5) Under the installment settlement method, the operating income of each period shall be recognized in installments according to the collection time agreed in the contract.

6) Fees charged by the media, which recognize revenue when the relevant advertising or commercial activity begins to appear in front of the public. The cost of producing advertisements is recognized as revenue on the balance sheet date based on the progress of the completion of the production of advertisements.

7) Charges for the development of software for specific customers, revenue is recognized on the balance sheet date based on the completion progress of the development.

8) Revenue is recognized in installments during the period of service provided, including a service charge that can be distinguished from the price of the product.

9) Fees for artistic performances, receptions, banquets, and other special events, with revenue recognized when the relevant event occurs. Where the charges relate to several activities, the money received in advance should be reasonably allocated to each activity, and revenue should be recognized separately.

10).Membership fees are only allowed for membership and all other services or goods are subject to separate charges, and revenue is recognized when there is no significant uncertainty about the recovery of funds. If the application fee and membership fee can enable the member to obtain various services or goods during the membership period, or sell goods or provide services at a lower price than the non-member's **, the income shall be recognized in installments throughout the benefit period.

11) Royalties that fall under the provision of equipment and other tangible assets, revenue is recognized at the time of delivery of assets or transfer of ownership of assets; Royalties for the provision of initial and subsequent services are recognized as revenue at the time of the provision of services.

12) The labor fee collected for the long-term service of the customer for repeated labor services shall be recognized as the income when the relevant labor activities occur.

Hello subject, I'm glad to answer for you.

Revenue recognition conditions (both met):

1.The business has transferred the main risks and rewards of ownership of the goods to the purchaser;

2.The enterprise does not retain the right to continue management, which is normally associated with ownership; There is also no effective control over the goods sold;

3.The associated economic benefits are likely to flow into the business.

4.Income can be reliably measured;

5.The associated costs that have been incurred or will be incurred can be reliably measured.

1.If the goods are sold by payment and delivery, the revenue shall be recognized when the invoice is issued and the payment is received;

2.If the goods are sold by means of collection and acceptance, the revenue shall be recognized when the goods are dispatched and the collection formalities are completed.

3.If the goods are sold in advance receipt, the revenue shall be recognized when the goods are shipped;

4.If the goods are sold by way of consignment by paying a handling fee, the revenue shall be recognized when the consignment list issued by the entrusted party is received;

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1. This account accounts for the income of other sales or other businesses of the enterprise in addition to the main business income, such as material sales, consignment sales, packaging leasing and other income.

The principle of realizing other business income is the same as that of main business income.

Second, the enterprise sells raw materials, according to the selling price and value-added tax receivable, debit "bank deposits", "accounts receivable" and other accounts, according to the realized operating income; At the end of the month, the "Other Operating Costs" account is debited and the "Raw Materials" account is credited according to the actual cost of raw materials. Enterprises that adopt planned costing of raw materials should also share the difference in material costs.

After receiving the rent of the leased packaging, the accounts such as "cash" and "bank deposit" shall be debited, and this account shall be credited, and the account of "tax payable - VAT payable (output tax)" shall be credited according to the VAT amount indicated on the special invoice; For the difference between the deposit and the confiscation of the overdue packaging after deducting the VAT payable, the "Other payables" account is debited and this account is credited.

The handling fee income obtained by the enterprise by charging handling fees for consignment sales is debited to the account of "Accounts Payable - Entrusted Sales Unit" and credited to this account.

3. This account should be set up according to the types of other businesses, such as "material sales", "** consignment sales", "packaging rental", etc., for detailed accounting.

4. At the end of the period, the balance of this subject should be transferred to the "current year's profit" account, and there should be no balance in this account after the carryover.

This account accounts for the income of other sales or other businesses of the enterprise in addition to the main business income, such as material sales, consignment sales, packaging leasing and other income, and the realization principle of other business income is the same as the realization principle of main business income.

What the boss said made sense.

For collection payments, the balance should be recognized as other business income. That is, of the 30,000 yuan paid by Zhang Sanfu, only 10,000 yuan is actually other business income, and 20,000 yuan is only collected and paid on behalf of others.

Entries can be made as:

1. When receiving Zhang San's account.

Borrow: Bank deposit of 30,000 yuan.

Credit: Other business income of 10,000 yuan.

Other payables - inspection fee of 20,000 yuan.

2. Pay the inspection fee on behalf of the customer.

Borrow: other payables - inspection fee of 20,000 yuan.

Credit: Bank deposit of 20,000 yuan.

For rental income and related expenses, it is necessary to separate income and expenditure accounting1, when the rent is received.

Borrow: Bank deposit.

Credit: Other Business Income – Rent.

2. When paying taxes and fees:

Borrow: Other Operating Expenses - Taxes.

Credit: The difference between income and expenditure such as taxes and fees payable is the profit of other businesses.