Accounting treatment for the transportation industry, accounting entries for the transportation indu

Summary. Accounting entries for the transportation industry:

Debit: cash on hand, bank deposits, accounts receivable.

Credit: Main Business Income - Transportation Income.

Tax Payable – VAT payable (output tax).

2.The account of "other receivables - receipts" can be set between the terminus and the substation to reflect the unsettlement and settlement of the operating income of the terminus and the substation.

Borrow: Bank deposit.

Credit: Other Receivables - Incoming Transactions.

Accounting entries for the transportation industry:

Borrow: cash in hand Bank deposits Accounts receivable credit: main business income - transportation income tax payable - pure chaos VAT payable (output tax) 2

The account of "other receivables - receipts" can be set between the terminus and the substation to reflect the unsettlement and settlement of the operating income of the terminus and the substation. When receiving the transportation revenue from the substation, the relevant accounting entries are prepared as follows: borrowing:

Bank Deposit Loan: Other Receivables - Incoming Transactions.

<> mainly want to ask, what accounting entries are involved in the transportation company.

Income is one aspect.

Good. Hello Involving main business income, main and side business costs, accounts receivable, accounts payable, other receivables, other payables, paid-in capital, taxes payable, bank deposits, inventory and cash, etc.

Debit: Accounts receivable - Company B 1 million.

Credit: Transportation revenue 1,000,000 (invoiced).

Debit: Accounts receivable - Company B 40,000 Assuming that the tax is not received Credit: Accounts receivable 40,000 (tax collection).

Borrow: Bank deposit 500,000 Suppose Company B pays 500,000, excluding the above tax Credit: Accounts receivable - Company B 500,000 (Bank B freight) Borrow: transportation expenses 96

40,000 accounts received in advance.

Credit: Accounts Payable - Company C 100 (freight is not owed to C) so that B owes you 540,000 in Accounts Receivable - Company B, and you owe C 1 million in Accounts Payable - Company C, and then do it according to the actual collection and payment figures.

Borrow: Bank deposit.

Credit: Accounts Receivable - Company B.

Debit: Accounts Payable - Company C.

Credit: Bank deposits.

When the transportation company receives the transportation fee, it is included in the main business income, and its accounting entries are as follows:

Borrow: cash in hand Yinwu Dou Bank deposit accounts receivable, credit: main ridge land operating income - transportation income, credit: tax payable - VAT payable (output tax).

Other receivables-incoming accounts can be set up between the terminus and the substation to reflect the unsettlement and settlement of the operating income of the terminus and the substation, and the accounting entries are as follows:

Received the sub-station to hand over the transportation income:

Borrow: Bank deposit.

Credit: Other Receivables - Incoming Transactions.

For transportation companies, it is generally necessary to set up a base to transfer the main business income account and other receivables accounts for relevant accounting, how to do the relevant accounting treatment?

Accounting for transportation companies.

1. When the transportation company receives the transportation fee, it is generally included in the main business income, and its accounting entries are as follows:

Debit: cash on hand, bank deposits, accounts receivable.

Credit: Main Operating Income - Transportation Income.

Tax Payable – VAT payable (output tax).

2. In addition, other receivables accounts can be set up between the general ledger and the sub-ledger to reflect the carry-over and settlement of various operating incomes, and the accounting entries are as follows:

Borrow: Bank deposit.

Credit: Other Receivables - Incoming Transactions.

First of all, because of the particularity of the industry, logistics enterprises are more and complicated in terms of taxes involved, and the taxes and tax rates involved in general taxpayers: 11% for transportation, 6% for warehousing, 6% for loading and unloading, and 3% for small-scale taxpayers in Qixiao, so when dealing with transportation accounting, it is necessary to have a skilled ability to deal with tax issues.

What is main business income?

It refers to the operating income obtained by an enterprise engaged in the production and operation activities of the industry. The main business income is different according to the different activities engaged in various industries, for example, the main business income of transportation enterprises refers to the transportation income; The main business income of an industrial enterprise refers to "product sales revenue"; The main business income of the construction enterprise refers to the project settlement income"; The main business income of wholesale and retail enterprises refers to the revenue from commodity sales"; The main business income of a real estate enterprise refers to the "real estate operating income". When an enterprise reports its main business income, it should fill in the cumulative number of the main business income indicators in the "profit and loss statement" of the enterprise accounting in the previous year.

Q: (Freight ** accounting) A cargo owner entrusts A to transport a batch of goods from Shanghai to Xiamen, the whole freight rate is 50,000 yuan, and the payment is not paid. A entrusts B ship to carry it, the freight rate is 30,000 yuan, the port miscellaneous charges of Wharf C are 15,000 yuan, the money is not paid, before the end of the month, the goods arrive at the destination, A issues an invoice of 50,000 yuan to the cargo owner.

Second. C issued a freight invoice of 30,000 yuan and a port miscellaneous fee of 15,000 yuan, how to make accounting entries and calculate the amount of value-added tax?

Answer: A's VAT is its income (500,000 yuan-300,000-150,000) * tax rate.

B's VAT is its income of 300,000 yuan * tax rate.

C's value-added tax is its income of 150,000 yuan* tax rate.

A's accounting entries debit: bank deposits (accounts receivable)?50,000 yuan.

Credit: The main business income of Hongshi is 50,000 yuan.

Borrow: The main business cost is 45,000 yuan.

Credit: Bank deposits (accounts payable) 45,000 yuan.

If a transport enterprise transports passengers or goods out of the territory of the People's Republic of China, and the passengers or goods are carried by another transport enterprise outside the territory, the balance of the whole freight fee minus the freight paid to the carrier shall be the turnover, that is, the difference shall be taxed. Tax Accounting Processing: Debit:

Taxes payable, credit: bank deposits.

Cargo transportation ** service fee accounting processing.

When paying the sea freight, borrow: other payables - sea freight.

Credit: Bank deposits.

When revenue is recognized, debit: Accounts Receivable - Company XX (Customer).

Credit: main business income.

Other payables - sea freight.

What are the Freight Insurance Rates?

The general insurance company in the face of the logistics company is three thousandths of the first, but in the actual operation process, most of the logistics companies can strive for a rate of less than one thousandth, this mainly depends on your company's one-year insurance amount, according to the original experience, if the annual insurance amount exceeds 100 million, you can basically get the rate of one thousandth.

The freight company is customer-oriented, and it is generally three thousandths of a thousandth, in fact, the logistics company can earn a large price difference from it, and earn a net profit.

In the face of some more savvy customers, logistics companies will generally adopt a rate of about one thousandth, which will not be outrageously high but must be profitable.

Accounting and accounting treatment of cargo transportation? The above article is about the transportation of goods ** related issues, you can read the above carefully, I hope you will have your own understanding and views after reading this article, in the daily work of Li Zuo can deal with work problems, accounting knowledge needs to be improved over time, we continue to work hard, make persistent efforts.