What accounting account should be credited to the income from the trial operation of the constructio

The net income from the trial operation of the infrastructure should be offset by the project cost. The income from the trial operation of the infrastructure construction period is subject to the Enterprise Income Tax Law.

Before there are no clear provisions, the "construction in progress" shall be temporarily written off in accordance with the accounting regulations of enterprises.

The Accounting System for Business Enterprises stipulates that the net expenditure incurred due to the trial operation before the project reaches the intended usable state shall be included in the project cost. The "Construction in Progress - Other Expenditures" account is debited and the "Bank Deposits" and "Goods in Inventory" accounts are credited.

The cost of the products formed in the trial operation process and which can be sold before the construction in progress of the enterprise reaches the predetermined usable state shall be included in the cost of the construction in progress, and the actual sales revenue shall be used when the goods are sold or converted into inventory.

or offset the cost of the project at the estimated selling price. The Bank Deposits, Goods in Inventory accounts are debited, and the Construction in Progress - Other Expenditures accounts are credited.

According to the documents of the State Administration of Taxation, the income from the trial operation of the enterprise's construction projects should be incorporated into the total income for taxation, and the cost of the construction in progress cannot be directly deducted.

The income from the trial operation of the project under construction shall not be rented and shall be included in the cost.

The commissioning of projects under construction refers to the income obtained by enterprises from the products that can be sold due to the trial operation of various projects under construction before they are put into use. According to the actual sales revenue.

or the estimated selling price after deducting taxes to offset the cost of construction in progress; The expenses incurred shall be included in the cost of construction in progress. The construction in progress account accounts for the value of the construction projects such as enterprise infrastructure and technological transformation.

Main accounting treatment of construction in progress:

Management fees, land requisition fees, feasibility study fees, and temporary facility fees incurred by enterprises in construction projects.

Notary fees, supervision fees and taxes to be borne shall be debited to this account (expenses to be amortized) and credited to "bank deposits."

and other subjects. The construction in progress contracted by the enterprise shall be based on a reasonable estimate of the progress of the contracted project.

The progress payment settled with the contract shall be debited to this account and credited to the "bank deposit" and "prepaid account".

and other subjects. Deliver the equipment to the construction contractor.

When constructing and installing, this account (in the installation of equipment) is debited and the "Construction Materials" account is credited.

When the project is completed, the project payment made in accordance with the provisions of the contract shall be debited to this account and credited to the "bank deposit" account.

If the self-operated project under construction receives engineering materials, raw materials or inventory commodities, this account shall be debited and the accounts of "engineering materials", "raw materials" and "inventory commodities" shall be credited. If planned costing is adopted, the cost variance to be apportioned should be carried forward at the same time. If VAT is involved, it should also be dealt with accordingly.

For the project money that should be paid for the new construction project of the enterprise, the accounts payable account shall be set up for accounting. What are the relevant accounting entries for construction payments payable?

Entries for works payable.

When you receive the invoice for the project:

Borrow: Construction in progress.

engineering construction, etc.

Tax Payable - VAT Payable - Input VAT.

Credit: Accounts payable.

When paying:

Debit: Accounts payable.

Credit: Bank deposits.

Engineering construction is a special accounting subject for construction and installation enterprises to collect and calculate the cost of the project, and it is the activity of new construction, expansion and reconstruction of the construction project according to the requirements of the construction project design documents. The construction of the project consists of four details: labor costs, material closing costs, machinery costs, and other direct costs.

Accounts payable refers to the amount that should be paid by an enterprise due to business activities such as purchasing goods or providing services. Accounts payable should generally be recognized when the principal risks and rewards associated with ownership of the goods purchased have been transferred, or when the services purchased have been accepted.

How to write accounting entries for the unpaid invoices of the project money?

Can do prepaid account processing:

Debit: prepaid accounts - a unit (prepaid project payment).

Credit: Bank deposits or cash in hand.

After receiving the invoice:

Borrow: Construction in progress.

Credit: Advance payment - a unit (advance payment for the project).

Accounting content of construction in progress accounts.

The accounting content of construction in progress includes: the expenditure incurred by the construction in progress such as enterprise infrastructure construction and renovation. When the enterprise purchases engineering materials and directly uses them for the construction of fixed assets, it should be accounted for through the "construction in progress" account; If the enterprise purchases engineering materials for a period of time and then uses them for the construction of fixed assets, it should be included in the "ruler or engineering materials" account, and then transferred to it at the time of construction.

Construction in progress. Account accounting.

Construction in progress refers to the expenditure on new construction, reconstruction and expansion of fixed assets of an enterprise, or unfinished projects such as technical transformation, equipment renewal and major repair projects. There are two ways to build in progress, namely "self-management" and "outsourcing". Self-operated projects under construction can be understood as projects in which enterprises purchase project materials, construct and manage them on their own; The project under construction can be understood as the project contracted by other units by the enterprise through the signing of the contract.

The cost incurred by the enterprise in the process of trial operation of the project under construction before reaching the predetermined usable state and the products that can be sold to the outside world shall be included in the cost of the project under construction.

According to Article 3 of the Administrative Measures for the Final Settlement and Payment of Enterprise Income Tax (Guo Shui Fa [2009] No. 79), all those engaged in production and operation (including trial production and trial operation) in the tax year shall be subject to the final settlement and payment of enterprise income tax in accordance with the Enterprise Income Tax Law and its implementing regulations and the relevant provisions of these Measures. Therefore, the income and cost of trial production products of construction projects should of course be included in the taxable income of the current period.

According to the provisions of Article 6 of the Enterprise Income Tax Law, the income from the trial operation of projects under construction obtained by an enterprise shall be included in the total income.

At the same time, according to the provisions of Article 8, the noisy and reasonable expenses actually incurred by the enterprise in connection with the income from the operation of the trial bend of the construction project under construction, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted in the calculation of taxable income.

Article 5 of the Enterprise Income Tax Law stipulates that the total income of an enterprise in each tax year shall be the taxable income after deducting the non-taxable income, tax-exempt income, various deductions and the losses of previous years that are allowed to be made up. The income from the trial operation of the products produced by the construction in progress is neither non-taxable income nor tax-exempt income, and should be included in the taxable income of the current period, and the corresponding costs should also be allowed to be deducted.

Article 3 of the notice of the State Administration of Taxation on printing and distributing the Administrative Measures for the Final Settlement and Payment of Enterprise Income Tax (Guo Shui Fa 2009 No. 79) stipulates that all taxpayers who are engaged in production and business (including trial production and trial operation) during the tax year, or terminate business activities in the middle of the tax year, regardless of whether they are in the period of tax reduction or tax exemption, and whether they make profits or losses, shall carry out the final settlement and payment of enterprise income tax in accordance with the relevant provisions of the Enterprise Income Tax Law and its implementing regulations and these measures.

The income from trial operation is offset by the construction in progress under the account of "other expenditures" in the "debit" and the accounts of "bank deposits" and "inventory goods" in the "credit".

The trial operation income of the enterprise under construction shall be incorporated into the total income for taxation, and the cost of the construction in progress cannot be directly offset. When declaring income tax, the difference between the income from the trial operation of the construction project after deducting the expenses incurred in the trial operation shall be recognized as the current tax income. Therefore, the company's self-built production line trial operation of the products produced by the external sales can not be recognized as the income of the current year, should be offset by the project cost, but in the calculation of income tax, this income should be considered to be included in the tax income for tax adjustment.

Recognition of income and recognition of tax revenue in accounting are different concepts. In accordance with the relevant provisions of the Accounting Standards for Business Enterprises and the Accounting System for Business Enterprises, the net expenditure incurred due to the trial operation of the enterprise project before it reaches the intended usable state shall be included in the project cost. That is, the cost of the products that can be sold to the outside world is included in the cost of the project in progress when it is sold or converted into inventory goods, and the project cost is offset by the actual sales revenue or the estimated selling price.

Construction in progress refers to the expenditure on new construction, reconstruction and expansion of fixed assets of an enterprise, or unfinished projects such as technical transformation, equipment renewal and major repair projects. There are usually two ways to "self-operate" and "outsource" for projects under construction. Self-operated projects under construction refer to projects in which enterprises purchase project materials, construct and manage them on their own; The project under construction is contracted by the enterprise through the signing of a contract and the construction of the project by other engineering teams or units.