The company will sign the contract subcontracting, how to do the accounting entries

Debit: Accounts received in advance Bank deposits.

Credit: main business income.

Tax Payable VAT Payable - Output Tax.

Borrow: Cost of main business.

Goods: Inventory goods, etc.

Subcontract: refers to the subcontract signed between contractors, which is actually a transfer of contracting rights, that is, the winning bidder transfers the rights, obligations and risks stipulated in the contract signed with the employer to other contractors.

The legal consequence of subcontracting is that the contractor becomes the new employer and the third party becomes the contractor. The third party shall be responsible to the contractor for the part of the project it undertakes, and the contractor shall be responsible for the preparatory unit for the entire project, and the contractor shall first bear the responsibility for the part subcontracted to the third party, and then the third party shall bear the responsibility to the contractor. Chinese law prohibits contractors from subcontracting to third parties.

If you write like this, it doesn't show that you have subcontracted the project to Company B. Your borrowing: main business cost, goods: bank deposit, should be the entry when you sign the contract with company A.

And have you received your invoice? If you receive the invoice, you can only record it in the main business income, on the contrary, the invoice will prove that your work has been completed, and the other party will invoice you if you have not completed the work, which is a bit too much

Debit: bank deposits or accounts receivable.

Credit: project construction - x project - subcontracted project payment.

Debit: Accounts received in advance Bank deposits.

Credit: main business income.

Credit: Tax Payable - VAT Payable - Output Tax.

Borrow: Cost of main business.

Goods: Inventory goods, etc.

How to account for the payment of the purchase and sale contract.

Payment debit: prepaid accounts - Company X.

Credit: Bank deposits.

Receipt (Invoice not received.)

Borrow: raw materials (you are using them as raw materials, if you are using them for general molds, you should use the turnover material account.)

Credit: Accounts prepaid.

How to deal with the accounting entries subcontracted by a logistics company to another company? Once a subcontract is signed, it is also necessary to bear certain legal consequences, and the legal consequences of subcontracting are that the contractor becomes the new employer and the third party becomes the contractor.

This is a distribution business.

According to the freight ticket provided by the dispenser, the cost of the main business is borrowed, the tax payable - the VAT payable (input tax) is credited to the bank deposit or accounts payable.

1. Receive the project payment.

Borrow: Bank deposit.

Credit: Accounts Received in Advance - ** Project.

Debit: Tax Payable - Sales Tax Payable.

Urban construction tax should be paid.

Education fee surcharge payable.

Levee fee should be paid.

Credit: Bank deposits.

When the work is completed or when revenue can be recognized on a percentage basis.

Debit: Accounts receivable in advance.

Credit: main business income.

Accrual of taxes. Borrow: Business tax and surcharge.

Credit: Tax Payable - Business Tax Payable.

2. Borrowing: other payables - long-term loans.

Credit: Bank deposits.

After thinking about it, it may be possible to debit long-term borrowings directly.

Generally, this kind of tax bureau is directly paid, and there is no provision, so the entry when paying is:

Borrow: Business tax and surcharge.

Income tax expense.

Credit: Cash (or bank deposit).