How to fill in the undistributed profit How to distribute the undistributed profit

Taxation and accounting are two different things. Accounting statements are still plus negative numbers. The income tax return is filled with positive numbers.

This year's statement does not need to be moved, and the data of "making up for previous losses" in the income tax final settlement return at the end of the year should be adjusted positive.

1. In accordance with the provisions of the enterprise accounting system and the tax law, the increase of undistributed profits after tax adjustment should not only be adjusted to the accounting subject of distributed profits, but also the accounting statements involving the new accounting reporting period, that is, the balance sheet.

2. Since the undistributed profit has changed from negative to positive, it is obvious that the costs and expenses of the previous year have been overpaid, which should be corrected through the profit and loss adjustment account of the previous year, and the income tax should also be adjusted.

3. Assuming that after the tax inspection, it is found that the enterprise has an additional cost of 500,000 yuan, and the income tax should be paid 10,000 yuan (50*33%)

Adjust the cost first:

Borrow: 50 for the cost of main business

Credit: Profit and loss adjustment at the end of the previous year 50

Secondly, adjust the income tax:

Debit: Profit and loss adjustments for prior years.

Credit: Tax Payable Income Tax Payable.

Last carry forward undistributed profits:

Borrow: Profit and loss adjustment at the end of the previous year.

Credit: Profit distribution is the distribution of profits.

4. It is more difficult to understand the accounting treatment of the profit and loss adjustment account in the previous year, and it is more difficult to understand, but fortunately, I gave you an example, you can think slowly!

First, the front. Undistributed profits.

How to distribute profits.

1. The accounting of undistributed profits is carried out through the account of profit distribution and undistributed profits;

2. The accounting of undistributed profits is generally carried out at the end of the year, and at the end of the year, the net profit realized in the current year.

Carry forward to the credit of the profit distribution, undistributed profit account. At the same time, the amount of the current year's profit distribution will be carried forward to the debit side of the profit distribution and undistributed profit account;

3. The profit distribution after the year-end carry-over and the credit closing balance of the undistributed profit account reflect the accumulated undistributed profits, and the debit closing balance reflects the accumulated uncompensated losses.

2. Analysis. In terms of accounting treatment, undistributed profits are accounted for through profit distribution accounts, which should be used to withdraw statutory surplus reserves separately.

Withdrawal of any surplus reserve, cash dividends or profits payable, and conversion into share capital.

Dividends, surplus reserve losses and undistributed profits are accounted for in detail.

3. What does undistributed profit mean?

Undistributed profit is the profit that the business retains for distribution or to be distributed in subsequent years. It can continue to be distributed in subsequent years and is owner's equity until the distribution is made.

components. From a quantitative point of view, the undistributed profit of Qing Zhengzhi is the balance of the undistributed profit at the beginning of the period plus the net profit realized in the current period, minus the various surplus reserves withdrawn and the profits ceded. Undistributed profit refers to the profit of the enterprise after the net profit realized by the enterprise has been retained in the enterprise after making up for the loss, withdrawing the surplus reserve and distributing the profit to investors.

In the income statement, undistributed profits are generally presented under names such as "retained earnings" or "undistributed profits". This refers to the net profit received by the company in the past accounting period but has not yet been distributed to shareholders.

When filling out the income statement, it is generally done in the following order:

Sales Revenue: Lists the company's sales revenue during the accounting period.

Plus non-recurring gains and losses: Adjust non-recurring income or expenses to net profit as needed.

Profit before tax: Profit before tax is obtained by adjusting non-recurring gains and losses from net profit.

Tax Reduction: Subtract the corporate income tax to be paid to get a net profit.

Net profit: is the final profit amount of the judgment.

Retained earnings or undistributed profits: If a company decides to reinvest some or all of its net profits for future use, classify them as retained earnings or undistributed profits. In general, this item appears at the bottom of the income statement and directly lists the amount of undistributed profits.

The calculation of undistributed profit is as follows: undistributed profit = the closing balance of the current year's profit + the closing balance of profit distribution. Undistributed profit refers to the undistributed profit of the enterprise, which refers to the profit of the enterprise that has been retained in the enterprise after making up for the loss, withdrawing the surplus reserve and distributing the profit to investors.

Specifically, it includes two types of filial piety: one is the profit that is left for disposal in the following year, and the other is the profit that is not specified for a specific purpose. In addition, according to the relevant laws and regulations, after the total profit realized by the enterprise in the current year is distributed in the following order, the remaining profit is the undistributed profit at the end of the year:

1. Make up for the losses of previous years; 2. Pay income tax; 3. Withdraw the statutory surplus reserve and public welfare fund; 4. Withdraw any surplus reserve; 5. Distribution of dividends on preferred shares; 6. Distribution of dividends on common shares.

Article 14 of the Company Law A company may establish a branch office. To establish a branch, it is necessary to apply for registration with the company registration authority and obtain a business license. A branch office does not have legal personality, and its civil liability is borne by the company.

A company may establish a subsidiary, which has the status of a legal person and independently bears civil liability in accordance with the law.

Undistributed profits are distributed externally according to the resolution of the shareholders' meeting. The accounting treatment at the time of distribution is borrowed: profit distribution - undistributed profits, credit: profit distribution - dividends payable.

Borrow: Profit Distribution - Dividends Payable, Credit: Dividends Payable.

Borrow: payable which dividends, credit: bank Dan called deposits.

Undistributed profit is the profit that the business retains for distribution or to be distributed in subsequent years. When an enterprise disposes of undistributed profits, it can generally be accounted for through accounts such as current year's profits, and how to deal with the relevant accounting treatment?

1. Profitability in the current period:

Borrow: Profit for the current year.

Loan collapsed car: profit distribution - undistributed profit.

2. Losses incurred in the current period:

Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

3. Withdrawal of surplus reserve: (This will only be done when the profit is realized in the current period).

Borrow: Profit distribution - withdrawal of statutory surplus reserve, arbitrary surplus reserve.

Credit: Surplus Reserve - Statutory Surplus Reserve, Discretionary Surplus Reserve.

Debit: Profit distribution - undistributed profit.

Credit: Profit distribution - withdrawal of statutory surplus reserve, discretionary surplus reserve.

4. Distribution of cash dividends or profits: (You can also do this if you do not realize profits in the current period, that is, you can divide the profits of previous years.) )

Borrow: Profit Distribution - Cash Dividends Payable.

Credit: Dividends payable.

Debit: Profit distribution - undistributed profit.

Credit: Profit Distribution - Cash Dividends Payable.

5. Payment of ** dividends: (accounting entries are required when declaring ** dividends) borrow: profit distribution - dividends converted to share capital, credit: share capital; Debit: Profit Distribution - Undistributed Profits, Credit: Profit Distribution - Dividends Converted to Equity Capital.

6. Surplus reserve to make up for losses

Borrow: surplus reserve.

Credit: Profit Distribution - Surplus Reserve to Make Up for Deficit.

Borrow: Profit distribution - surplus reserve to make up for losses.

Credit: Profit Distribution - Undistributed Profits.

What is Undistributed Profit?

Undistributed profit is the profit that the business retains for distribution or to be distributed in subsequent years. It can continue to be distributed in subsequent years and is part of the owner's equity until the distribution is made.

What is Profit Distribution?

Profit distribution refers to the distribution of the total profits realized by the enterprise and the profits distributed from the joint venture units between the state and the enterprises and between the enterprises according to the regulations in a certain period of time (usually annual).

What is Surplus Reserve?

Surplus reserve refers to the accumulation of funds from the net profit of the enterprise in accordance with the regulations, and the surplus reserve of the company includes the statutory surplus reserve and the arbitrary surplus reserve. It is mainly used to make up for the losses of enterprises in previous years and increase capital.

The calculation for the distribution of undistributed profits is as follows:

Undistributed profit refers to the profit of the enterprise after making up for losses, withdrawing surplus reserve and distributing profits to investors, and the calculation formula is: undistributed profit at the end of the period = undistributed profit at the beginning of the period + net profit realized in the current period - surplus reserve withdrawn in the current period - profit distributed to investors in the current period.

Compared with the rest of the owner's equity, the enterprise has greater autonomy over the use of undistributed profits and is less restricted by national laws and regulations. At the end of the year, the company should also transfer the year-to-date balance of the "Profit for the Year" account to the "Profit Distribution - Undistributed Profit" account.

Extended information: The total profit realized by the undistributed profit distribution enterprise in the current year can be distributed in the following order after the income tax is paid

1. Make up for the losses of previous years; (There is no need to make special accounting entries to cover losses with profits).

2. Withdraw the statutory surplus reserve and public welfare fund. (The surplus reserve is used to cover losses or increase capital; The Community Chest can only be used for the collective welfare of employees).

3. Withdraw any surplus reserve.

4. Allocation of preferred shares.

5. Distribution of dividends on common shares. The last thing that remains is the year-end undistributed profit.

Accounting for undistributed profitsUndistributed profits refer to the profits that have not been distributed after the profits have been realized or the profits remaining after the distribution of profits, or the losses that have not been made up after the losses have occurred.

For example, a real estate **** has no balance in the "undistributed profits" detail account at the beginning of the year. This year, it has achieved a net profit of 2 million yuan, has withdrawn 200,000 yuan of statutory surplus reserve this year, and has distributed 800,000 yuan of profits to investors this year.

At the end of the year, the profit realized for the current year and the profit allocated for the current year are transferred to the "Undistributed Profit" subledger.

Borrow: Profit for the current year.

Credit: Profit Distribution - Undistributed Profits.

Debit: Profit distribution - undistributed profit.

Credit: Profit Distribution - Withdrawal of surplus reserves.