What is the accounting of tax payable? Accounting treatment of taxes payable

Accounting treatment of general taxpayers.

Purchase of inventory, borrow: inventory of goods, tax payable - VAT payable (input tax), credit: bank deposit, sale of goods, debit:

Bank deposits, credit: main business income, tax payable - VAT payable (output tax), while carrying forward the cost of sales cavity, borrow: main business cost, credit:

At the end of the month, when the input is greater than the output, no entry can be made.

At the end of the month, the sales are greater than the input of the reed, indicating that the tax must be paid, and the following knot is accompanied by the round car transfer entries.

Borrow; Tax payable - VAT payable ** out of unpaid VAT), credit; Tax payable - VAT not paid, tax paid in the next month, debit: tax payable - VAT not paid, credit: bank deposit.

In the event of additional tax, debit: tax and surcharge, credit: tax payable - urban construction tax payable, etc., when tax is paid, borrow: tax payable - urban construction tax payable, etc., credit: bank deposit.

Accounting treatment of general taxpayers.

Purchase of inventory, borrow: inventory of goods, tax payable - VAT payable (input tax), credit: bank deposits, sales of goods, borrow: bank deposits, credit: main business income, tax payable - VAT payable (output tax), while carrying forward the cost of sales, borrow: main business costs, credit: inventory goods.

At the end of the month, when the input is greater than the output, no entry can be made.

At the end of the month, the output is greater than the input, indicating that the tax is to be paid, and the following carry-forward entries are made.

Borrow; Taxes payable with posture - pre-line tax payable for value-added lead ** out of unpaid VAT), credit; Tax payable - VAT not paid, tax paid in the next month, debit: tax payable - VAT not paid, credit: bank deposit.

When issuing the additional tax of Huai Qingsheng, borrow: tax and surcharge, credit: tax payable - urban construction tax payable, etc., when paying tax, borrow: tax payable - urban construction tax payable, etc., credit: bank deposit.

At the end of the month, the outstanding VAT payable for the current month will be transferred out.

Debit: Tax Payable - VAT Payable - Transfer Out Unpaid VAT.

Credit: Tax Payable - VAT Increase Not Paid.

At the end of the month, the overpaid VAT of the month will be transferred out.

Debit: Tax payable - VAT increase not paid.

Credit: Tax payable - VAT payable - overpaid VAT transferred.

The unpaid VAT will be paid in the previous period this month.

Debit: Tax payable - VAT increase not paid.

Credit: Bank deposits.

The output tax is greater than the accounting treatment at the time of tax.

The difference between purchase and sale will be transferred to the unpaid value-added sales tax account.

Debit: Tax Payable - VAT Payable - Transfer Out Unpaid VAT.

Credit: Tax Payable - VAT Increase Not Paid.

Accounting treatment when input tax is greater than output tax.

When the input tax is greater than the output tax, there is no need to deal with the accounting treatment, and the tax payable - VAT payable will have a debit balance, reflecting the VAT that has not been deducted by the enterprise.

The tax payable is the tax payable in the process of business operation, mainly including value-added tax, urban construction tax, education surcharge and other taxes.

1. If it is input tax.

Debit: Accounts such as inventory goods.

Tax Payable - VAT Payable (Input Tax).

Credit: Accounts payable and other accounts.

2. If it is output tax.

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

3. If it is the actual payment of VAT.

Debit: Tax Payable – VAT Payable.

Credit: Bank deposits.

Taxes payable and differences between taxes and surcharges.

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

Taxes and surcharges are profit and loss accounts. Taxes and surcharges refer to the relevant taxes and fees that should be borne by the business activities of enterprises. At the end of the period, the balance of this account will be transferred to the profit account of this year, and there should be no balance in this account after the carryover.

What are the taxes payable?

The taxes payable include value-added tax, consumption tax, enterprise income tax, land value-added tax, urban maintenance and construction tax, real estate tax, land use tax, vehicle and vessel tax, education surcharge and other taxes and jujube fees paid by enterprises in accordance with the law, as well as individual income tax collected and paid by enterprises before being handed over to the state.

The direction in which the tax payable is borrowed.

The tax payable belongs to the liability account, and there are also some secondary accounts under the liability account, such as income tax payable and value-added tax payable. The credit side registers the taxes and fees that should be paid, the debit side registers the taxes and fees that have been paid, the credit balance at the end of the period reflects the taxes that have not been paid, and the debit balance at the end of the period reflects the taxes and fees that have not been paid or have not been deducted.