-
Anonymous users2024-02-101. Prepay for the car.
Debit: Advance payments.
Credit: Bank deposits.
2. Received the purchase invoice from Brother Town.
Borrow: Inventory of goods.
Taxable Dust Distribution Fee - VAT Payable (Input Tax) Payable
Credit: Accounts prepaid.
3. Sales. 1) Receipt of advance payment:
Borrow: Bank deposit.
Credit: Accounts Received in Advance - Advance Receipts for Cars.
Other payables - collection of payments (collection of customer vehicle inspection fees and purchase tax and insurance premiums) 2) Issuance of motor vehicle invoices:
Debit: Advance Receivables - Advance Receipts for Cars.
Credit: Main Business Income - Automobile Sales Revenue.
Tax Payable – VAT Payable (Output Tax).
3) Pay insurance premiums and purchase taxes on behalf of customers
Debit: Other payables - collection of payments.
Credit: cash on hand.
4) Pay insurance premiums on behalf of customers (general insurance premiums are networked with insurance companies, if customers have their own bank cards can be directly swiped, if not, they need to use the company's card to swipe, the company can go to the opening bank to apply for a business card):
Debit: Other payables - collection of payments.
Credit: Bank deposits.
4. Carry forward the cost of sales.
Borrow: Cost of Main Business - Cost of Automobile Sales.
Credit: Inventory of goods.
Accounting of car accessories and accessories.
1.Spare parts purchase.
Borrow: Inventory items --- accessories.
Tax Payable - VAT Payable (Input Tax).
Credit: Bank deposits.
2.Spare parts sales.
Debit: Bank Deposits, Accounts Receivable.
Credit: main business income --- accessories sales revenue.
Tax Payable – VAT Payable (Output Tax).
3. Carry forward the cost of spare parts sales.
Borrow: main business cost - jewelry, accessories cost.
Credit: Inventory Goods - Accessories, Accessories.
How to deal with the accounting of cars sold in 4S stores?
-
Anonymous users2024-02-09The accounting treatment of cars sold by 4S stores mainly involves the accounting of prepaid car payments, receipt of vehicles and invoices, and sales of vehicles.
1. Prepay for the car.
Debit: Advance payments.
Credit: Bank deposits.
2. Receive the vehicle and invoice.
Borrow: Inventory of goods.
Tax Payable – VAT payable (input tax).
Credit: Accounts prepaid.
3. When selling:
1) Receipt of advance payment:
Borrow: Bank deposit.
Credit: Accounts Received in Advance - Advance Receipts for Cars.
Other payables – collection of payments (collection of customer vehicle inspection fees and purchase tax and insurance premiums).
2) Issuance of motor vehicle invoices:
Debit: Advance Receivables - Advance Receipts for Cars.
Credit: main business income - vehicle sales revenue.
Tax Payable – VAT payable (output tax).
3) Pay insurance premiums and purchase taxes on behalf of customers
Debit: Other payables - collection of payments.
Credit: cash on hand.
4) Pay insurance premiums on behalf of customers (general insurance premiums are networked with insurance companies, if customers have their own bank cards can directly swipe the card, if not, they need to use the company's card to swipe, the company can go to the opening bank to apply for a business card):
Debit: Other payables - collection of payments.
Credit: Bank deposits.
5) Carry forward the cost of sales.
Borrow: Cost of Main Business - Cost of Automobile Sales.
Credit: Inventory of goods.
Prepaid account refers to a claim arising from the agreement between the buyer and the seller to pay a part of the purchase price to party ** in advance. Prepaid accounts generally include prepaid payment and prepaid purchase deposit. The prepaid old collapse payment of the construction enterprise mainly includes the prepaid project payment, the prepaid material payment, etc.
Prepaid accounts are payments made in advance to the supplier's customers and are part of the company's claims.
As a current asset, prepaid accounts are not offset in monetary terms, but require the enterprise to be compensated in the short term with certain goods, services or services provided. The debit side registers the advance payment from the enterprise to the supplier, the credit side registers the advance payment that the enterprise receives from the purchased goods and should carry forward, and the debit balance at the end of the period reflects the advance payment for the goods that the enterprise has prepaid to the supply order but has not yet issued the goods; The debit balance at the end of the period of this account reflects the prepaid amount of the enterprise; If it is a credit balance at the end of the period, it reflects that the enterprise has not made any supplementary payments for the acquisition of goods and services.
Advance receivables refer to the purchase deposit or part of the payment received by the enterprise from the purchaser in advance. Advance receivables are a liability arising from the buyer's or seller's agreement or contract, which is incurred by the buyer in advance to pay part (or all) of the purchase price to the ** party, and this liability is to be repaid with future goods or services.
-
Anonymous users2024-02-08Selling a car is the sale of goods and paying 17% VAT, and after-sales service is the sale of labor services and paying business tax. If you are doing accounts for the first time, it is recommended to start with the cashier, which is not something that can be finished in a sentence or two.
-
Anonymous users2024-02-07First, vehicle sales.
1. Prepay for the car.
Debit: Advance payments.
Credit: Bank deposits.
2. Receive the purchase invoice.
Borrow: Inventory of goods.
Tax Payable – VAT payable (input tax).
Credit: Accounts prepaid.
Some manufacturers will issue discounts, bank discounts, etc. to the invoice, but some manufacturers will set up a virtual account in the manufacturer alone, so you must also do this accounting treatment according to the situation of your enterprise).
3. Sales. 1) Receipt of advance payment:
Borrow: Bank deposit.
Credit: Accounts receivable in advance - Advance payment for vehicles, other payables - collection of payments (collection of customer vehicle inspection fees and purchase tax and insurance premiums) (2) Issuance of motor vehicle invoices:
Debit: Advance Receivables - Advance Receipts for Cars.
Credit: Main Business Income - Automobile Sales Revenue.
Tax Payable – VAT payable (output tax).
3) Pay insurance premiums and purchase taxes on behalf of customers
Debit: Other payables - collection of payments.
Credit: cash on hand.
4) Pay insurance premiums on behalf of customers (general insurance premiums are networked with insurance companies, if customers have their own bank cards can directly swipe the card, if not, they need to use the company's card to swipe, the company can go to the opening bank to apply for a business card):
Debit: Other payables - collection of payments.
Credit: Bank deposits.
-
Anonymous users2024-02-06With the improvement of social living standards, more and more people choose to buy vehicles as a means of transportation. For 4S stores, how should they do accounting when selling cars?
Accounting entries for the sale of cars in 4S stores.
1. When selling in advance payment.
1) Receipt of advance payment:
Borrow: Bank deposit.
Credit: Advance Accounts Receivable - Advance Bird Collects Car Payment.
Other payables - collection of payments (collection of customer vehicle inspection fees and purchase tax and insurance premiums) 2) Issuance of motor vehicle invoices:
Borrow: Advance Receivables - Advance Receivables.
Credit: Main Business Income - Automobile Sales Revenue.
Tax Payable – VAT Payable (Output Tax).
3) Pay insurance premiums and purchase tax on behalf of customers
Debit: Other payables - collection of payments.
Credit: cash on hand bank deposits.
4. Carry forward the cost of sales.
Borrow: the cost of the main business - the sale of automobiles into silver leakage.
Credit: Inventory of goods.
2. If the 4S store gives a loan to the customer, its accounting treatment is as follows.
1) At the time of sale:
Debit: cash in hand Bank deposit (down payment portion).
Accounts receivable (loan portion).
Credit: main business income.
Tax Payable – VAT Payable (Output Tax).
2) When you receive a loan from a bank:
Borrow: Bank deposit.
Credit: Short-term borrowings – xx bank.
3) Monthly repayment (including monthly principal and interest):
Borrow: cash in hand bank deposits.
Credit: Accounts receivable.
Other payables – interest payable on loans.
4) Customer repayment to the bank:
Borrow: Short-term borrowing – xx bank.
Other payables – interest payable on loans.
Credit: cash on hand bank deposits.
What is main business income?
The main business income refers to the operating income obtained by the enterprise from engaging in the production and operation activities of the industry. The main business income is different according to the different activities engaged in by enterprises in various industries, for example, the main business income of industrial enterprises refers to "product sales revenue"; The main business income of a construction enterprise refers to the "project settlement income"; The main business income of a transportation enterprise refers to "transportation income"; The main business income of a real estate enterprise refers to "real estate operating income".
Hello, according to your description, you can rest assured of this. Repair shops generally do not touch the parts on your vehicle. You can rest assured that your vehicle parts will not be disassembled without permission.
Sometimes, when we need to buy a used car, we can't see whether the actual vehicle has had a major accident or something like that, so we can't tell whether the vehicle has been overhauled. >>>More
The car must go to the 4S shop within the warranty range, which is the general requirement for new cars, because if there is anything wrong with your car, the 4S shop is responsible. And once you go outside, as soon as something goes wrong with the car, there are a lot of inexplicable problems, because you have given up the warranty rights. >>>More
Go to the 4S shop to maintain the car, every time it is more expensive, but in comparison, the service is still good. Some stores will take the initiative to ask you to do a test before the warranty expires, which is a store with good service, and some will not notify you. Regardless of whether it is notified or not, it is almost out of the warranty period, it is still necessary to go to the 4S store for a test, and the following points should be paid attention to. >>>More
There is no difference. S store is a kind of "four-in-one" as the core of the car franchise model, including vehicle sales (sale), spare parts (sparepart), after-sales service (service), information feedback (survey), referred to as 4S store. >>>More