Simple questions in accounting are coming from the novices

Don't divide by account! Profit and loss accounts are divided into income, costs, and expenses.

The increase in costs and expenses is on the debit side, and the balance is on the debit side.

The increase in income is on the credit side, and the balance is on the credit side.

The increase in assets is on the debit side and the balance is on the debit side.

The increase in liabilities is on the credit side and the balance is on the credit side.

Why is the increase in main business income also on the credit side? ”

For example, a machine is sold for 4,000 yuan, and the payment is made in cash.

Borrow: 4000 in cash

Credit: main business income 4000

So has the sales revenue increased by 4,000 yuan? Isn't it true that cash has increased at the same time? That's easy to understand.

Is that the following accounting entries all increasing at the same time? What does this entry mean?"

Borrow: Cost of main business.

Credit: main business income.

Generally speaking, this kind of accounting entry will not appear, only at the end of each month when the profit and loss statement is made, the income statement will appear: main business income - main business cost - tax and surcharge = main business profit.

I don't know where you got this accounting entry.

Meaningfully, there is nothing wrong with this accounting entry. The increase in revenue and the increase in costs are, of course, proportional. From this accounting entry, it can be seen that the balance of profit is also on the credit side, and if the loss balance is on the debit side, there is a profit because the income is greater than the cost.

In accounting, the liability account and the owner's equity account (are) decreasing on the debit side and increasing on the credit side.

Profit and loss accounts are income-based, with credits increasing and debits decreasing; Costs and expenses are reversed.

Borrow: Accounts Receivable Bank Deposits Borrow: Cost of Principal Operations.

Credit: Income from Main Business Credit: Inventory Commodities.

Taxes and fees due. When your income increases, your assets also increase, and at the same time, you sell fewer things and goods, and the cost of your main business also increases.

The nature of the account should be clarified, and the concept should not be blurred!

I've never seen an entry like this.

The answer to this recommendation is wrong, and it is also recommended that the retained earnings of the enterprise = undistributed profits + surplus reserves, that is to say, retained earnings include undistributed profits and surplus reserves. Retained earnings should be $1 million and net assets should be $4 million.

1. Net assets (called "owner's equity" in accounting) = total assets - total liabilities, that is, 6 million yuan - 2 million yuan.

2. Retained earnings = 4 million yuan (net assets) - 3 million yuan (investment funds, called "paid-in capital" in accounting) = 1 million yuan.

Net assets of the enterprise = total assets - liabilities = owners' equity = 600-200 = 400

Retained earnings of the enterprise = 400

In the case of dividends that should be distributed without accruing surplus reserves).

Net assets of the enterprise = 600 - 200 = 4 million yuan.

Retained earnings of the enterprise = 400 - 300 = 1 million yuan.

According to the company's system, the 6 million yuan in the third quarter of 2017 has been fully recovered in the first quarter of 2018! In the fourth quarter, 20% of the 8 million yuan has not been recovered, that is, 1.6 million yuan, and this part of the accounts receivable will be included in the first quarter of 2018, plus the accounts receivable in the first quarter 1000 multiplied by 80% is 9.6 million yuan!

First of all, we must understand that borrowing cannot be understood purely by increasing and decreasing, then your thinking, you should think like this: the debt is on the debit side, which means that the debt increases. So on the debit side, conversely, if the liability is on the credit side, the load is reduced.

You buy raw materials, the goods have been stored in the warehouse, and the invoice has been issued, but you have not paid, and the accounting treatment is:

Borrow: raw materials.

Debit: Tax Payable VAT Payable (Input Tax).

Credit: Debt payable Creditor unit.

When selling goods, the sales are offset with the inputs, it should be the increase in VAT (liabilities) when selling, and the decrease when the goods are purchased.

Debit: Bank Deposits, Accounts Receivable.

Credit: main business income.

Tax Payable - Multiplication tax payable (output tax).