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Anonymous users2024-02-10The payroll payable account is a liability account, and the business is a loan and credit problem, that is, the decrease in liabilities is debited, and the increase in liabilities is credited.
For example, the actual salary paid in June is the salary due to the employee in May, which results in a decrease in liabilities and an increase in liabilities due to deductions.
Borrow: Salary payable to employees - salary 100,000
Credit: Tax payable - personal income tax 2000
Credit: Related Accounts - Related Lines 3000
Credit: bank deposits 95000
For example, the current salary in July is for the current cost and expense accounting, but the current salary is generally paid in the next month, and the current salary is not paid to the employee, which is a liability.
Borrow: production cost - basic production cost - wage 150,000 Borrow: manufacturing cost - wage 40,000
Borrow: administrative expenses — salary 50,000
Borrow: sales expenses - salary 35000
Borrow: construction in progress - 2 dormitory building (salary) 80,000 Loan: salary payable to employees - salary 355,000
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Anonymous users2024-02-09Hello, when the monthly salary is accrued, it is included in different subjects according to different departments, such as:
Borrow: Selling expenses.
Management fees. Manufacturing costs.
Credit: Employee Compensation Payable – Wages.
When wages are paid.
Borrow: Employee Compensation Payable - Wages.
Credit: bank deposit or cash.
The entries are written simply, but the main thing is an accrual, a disbursement, so there will be borrowings and loans, I hope it can help you, thank you!
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Anonymous users2024-02-08Wages payable are liability accounts, with the debit side representing the wages that have been paid and the credit side representing the wages accrued and payable.
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Anonymous users2024-02-07Under normal circumstances, debating accounts payable means that the company has purchased goods or services from the ** merchant, but has not yet paid them, so it belongs to the liability account, while income refers to the money obtained by the company from the sale of goods or services, which belongs to the income account. Therefore, debiting accounts payable and crediting income entries is not in line with accounting principles, and such bookkeeping methods should be avoided.
The correct bookkeeping method should be: when the company purchases goods or services, it should debit the relevant accounts such as raw materials or commodity inventory, and credit the accounts payable account for bookkeeping; When a company sells goods or services, it should debit the accounts receivable account and credit the revenue account for bookkeeping.
It should be noted that the specific situation of each company may be different, if the company has some special business or circumstances, the bookkeeping method may be different, it is recommended to carry out scientific and reasonable bookkeeping treatment according to the actual situation in the specific operation.
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Anonymous users2024-02-06Credits indicate an increase.
For example, after the current employee works, the company has the obligation to pay the employee's salary, and the salary has not been paid yet
Borrow: Administrative expenses.
Borrow: sales expenses, etc.
Credit: Employee Remuneration Payable – Wages Payable.
If taxable business occurs in the current period, the corresponding tax shall be accrued and not paid for the time being
Borrow: business tax and surcharges, etc.
Credit: Taxes payable – business tax.
The debit amount represents a decrease.
Such as: payment of wages:
Borrow: Employee Remuneration Payable - Wages Payable.
Credit: Bank deposits.
Tax: Borrow: Taxable - XX Tax.
Credit: Bank deposits.
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Anonymous users2024-02-05Loans increase and decrease, and the balance is generally on the credit side.
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Anonymous users2024-02-04Borrow: Wages payable to employees.
Credit: Bank Deposit Cash.
Debit: Taxes payable - VAT, etc.
Credit: Bank Deposit Cash.
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Anonymous users2024-02-03Credits indicate an increase.
For example, after the current employee works, the company has the obligation to pay the employee's salary, and the salary has not been paid yet
Borrow: Administrative expenses.
Borrow: sales expenses, etc.
Credit: Employee Remuneration Payable – Wages Payable.
If taxable business occurs in the current period, the corresponding tax shall be accrued and not paid for the time being
Borrow: business tax and surcharges, etc.
Credit: Taxes payable – business tax.
The debit amount represents a decrease.
Such as: payment of wages:
Borrow: Employee Remuneration Payable - Wages Payable.
Credit: Bank deposits.
Tax: Borrow: Taxable - XX Tax.
Credit: Bank deposits.
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Tax Payable Law.
It is to directly include the amount of tax paid due to the difference between the pre-tax accounting profit and the taxable income of the current period into the profit or loss of the current period, and not to defer it to subsequent periods. Under the tax payable method, the income tax expense included in profit or loss for the current period is equal to the income tax payable for the current period. >>>More
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