Accounting for Gross Revenues and Profits Question 5

Question 1: Think about it.

1. The product price is 100,000 yuan.

Borrow: Bank deposit of 100,000.

Credit: main business income of 100,000 yuan.

2. **Material income of 20,000 yuan.

Borrow: Bank deposit of 20,000.

Credit: Other business income 20,000 yuan.

3. The rental income of leasing fixed assets is 10,000 yuan.

Borrow: 10,000 bank deposits.

Credit: Other business income of 10,000 yuan.

4. The subsidy income is 40,000 yuan.

Borrow: 10,000 bank deposits.

Credit: Non-operating income of 10,000 yuan.

5. The income from the transfer of the right to use intangible assets is 30,000 yuan, 1) If there is no cost to the transfer of the right to use intangible assets, it should be counted as non-operating income, and there is no cost issue such as paying business tax in this question, so it cannot be counted as other business income.

Borrow: Bank deposit of 30,000.

Credit: Non-operating income of 30,000 yuan.

2) If there is a cost to the use of the transferred intangible assets, it should be counted as other business income.

6. **Equipment income of 50,000 yuan, should be transferred to the fixed assets first, rather than directly included in the income, even if the processing of fixed assets has been earned, non-operating income should also be recognized, may wish to do accounting entries.

Borrow: Bank deposit of 50,000.

Credit: 50,000 yuan for the disposal of fixed assets.

7. Bond interest income of 60,000 yuan.

Borrow: Bank deposit of 60,000.

Credit: Interest receivable 60,000.

In this way, you should understand, you must first make accounting entries to do the question, and you will not be confused.

Question 2: The profit for the year is 3.6 million, which is 30% of the adjusted total profit of Company B.

Company B achieved a net profit of 16 million yuan this year, and a net profit adjusted for the fair value of identifiable net assets at the time of investment was 12 million yuan.

The profit of company B is 1200, and company A is 30% of company B, that is, 1200*30%=360, that is, the profit of company A is 360.

The second question, if I do it, I will do it with elimination, in fact, I really don't know too much about this question, so ask someone else.

Subsidy income, equipment income, and interest income from creditor's rights are directly included in the current profit or loss, and income is not recognized.

When the equity is obtained, the investment income is 14000*30%-3000=12 million, and the net profit income is 1600*30%=4.8 million.

So the total profit is 16.8 million.

Accounting profit before tax is the total amount of profit.

Operating income. Less: Operating Costs, Business Taxes and Surcharges, Operating Expenses, Administrative Expenses, Financial Expenses, Asset Impairment Losses.

Add: Fair value change gain (loss is listed with "-") Investment income (loss is listed with "-").

Operating profit (loss is listed with a "—") sign

Plus: Non-operating income.

Less: Non-operating expenses.

Total profit (loss is listed with a "—")

Less: Income tax.

Net profit (loss is listed with a "—")

Accounting profit is not equal to total accounting profit, which is obtained by adding or subtracting non-operating income and non-operating expenses on the basis of accounting profit.

Operating profit: It is calculated in accounting terms. The formula for it = income - cost - administrative expense - selling expenses - financial expenses - business tax and additional investment income (profit or loss) fair value change profit or loss.

Note: Operating profit and accounting profit are not the same thing.

2 Total profit = accounting profit + non-operating income - non-operating expenses.

When calculating income tax, accounting profit refers to the total amount of profit.

3 Net profit = total profit - income tax expense.

Profit includes the company's total profit and net profit, and the net profit is the profit left after deducting all costs including labor costs.

1. Different nature: accounting profit is the balance of the total income of the enterprise minus all explicit costs or accounting costs. The total profit is the final financial result achieved by the enterprise through production and operation activities in a certain period of time.

2. Different characteristics: the total profit is mainly composed of two parts: sales profit and non-operating net income and expenditure (non-operating expenses offset profits). Accounting profit mainly includes wages paid to employees, various raw materials, parts and fuels purchased in production, etc.

Because China's accounting law and tax law are not consistent in the calculation method of "profit", it has resulted in a variety of names. "Taxable income" for tax purposes refers to the "total profit" calculated in strict accordance with the provisions of the tax law, also known as "taxable profit"; The so-called "accounting profit" is specifically referred to in order to distinguish the "total profit" referred to in the tax context, and the informal term "accounting profit" refers to the book profit, because it is limited by the accounting calculation method and level, the "book profit" can not truthfully meet the tax requirements, so some people give it the name "accounting profit".

For example, if an enterprise has a book profit of 1 million yuan in a certain year, and the tax late payment penalty and penalty of 2,000 yuan are included in the "non-operating expenses" of the year. According to the accounting rules, tax late fees and fines can be deducted before tax, so the "accounting profit" is 1 million yuan; According to the tax regulations, tax late fees and penalties cannot be paid before tax, so the "total profit" is 10,000 yuan.

Gross profit is a concept of various profits relative to the income statement. Because in the income statement, the profit is divided into main business profit, total profit, distributable profit, net profit, etc.

Accounting profit is a concept relative to taxable income, and if it is to be related to various profits in the income statement, the concept of total profit should be the same. If there are no tax adjustments, the values are the same.

There are no tax adjustment items, and the accounting profit is equal to the total profit.

Accounting profit is a noun in the tax law, which is equivalent to the total profit in accounting.

On the basis of accounting profits, there are tax adjustments and reductions, and what is obtained is the taxable income.

The accounting income statement includes operating profit, total profit and net profit, and the total profit is only the number after operating profit plus minus non-operating income and expenditure.

Profit for the year = net profit! If there are no tax adjustment items, net profit = total profit = profit for the current year.

1. Accounting profit: Accounting profit refers to the profit left after the owner of the enterprise pays all the elements except capital. Accounting profit is the result of calculation according to accounting standards.

The basic method of calculation is to recognize the income of the enterprise in a certain accounting period according to the realization principle, determine the cost of the same period according to the matching principle, and subtract the income from the related expense cost, that is, the profit of the enterprise in this accounting period.

Accounting profit = operating income - operating costs - three major expenses + - fair value change profit or loss + - investment income.

2. Total profit refers to the surplus of various incomes of the enterprise after deducting various expenses in the process of production and operation, reflecting the total profit and loss realized by the enterprise during the reporting period.

Total profit = operating profit + non-operating income - non-operating expenses, wherein: non-operating income refers to various gains incurred by an enterprise that are not directly related to its daily activities.

Non-operating expenses refer to the losses incurred by an enterprise that are not directly related to its daily activities.

Accounting profit before tax is the total amount of profit.

Operating income. Less: Operating Costs, Business Taxes and Surcharges, Operating Expenses, Administrative Expenses, Financial Expenses, Asset Impairment Losses.

Add: Fair value change gain (loss is listed with "-") Investment income (loss is listed with "-").

Operating profit (loss is listed with a "—") sign

Plus: Non-operating income.

Less: Non-operating expenses.

Total profit (loss is listed with a "—")

Less: Income tax.

Net profit (loss is listed with a "—")

Accounting profit is not the total profit.

The total profit is calculated by adding and subtracting non-operating income and non-operating expenses on the basis of the bad profit. Non-operating income mainly includes gains from debt restructuring, gains and losses from business combinations, gains from inventory transactions, payables that cannot be paid due to the debtor's reasons, subsidies, additional refunds of education fees, fine income, donation gains, etc.; Non-operating expenses: Expenses incurred by enterprises that are not directly related to the daily production and operation activities of enterprises. Including debt restructuring losses, public welfare donation expenditures, extraordinary losses, inventory losses, etc.

Accounting profit refers to the profit left after the owner of the enterprise pays all the elements except capital, and the accounting profit is the result of the calculation according to the accounting standards, and the basic method of calculation is to recognize the income of the enterprise in a certain accounting period in accordance with the principle of realization, and determine the cost of expenses in the same period according to the principle of proportion, and subtract the income from the related expense cost, that is, the profit of the enterprise in this accounting period.

The meaning of the total profit

Total profit is a very important economic indicator to measure the operating performance of an enterprise. When the total profit is negative, the income of the enterprise after one year of operation is not enough to cover the cost and business tax payable, which is usually called the loss of the enterprise. When the total profit is zero, the income of the enterprise for a year is exactly equal to the expenditure, and the business does not lose money or make money, which is commonly known as breakeven.

When the total profit is greater than zero, the income of the enterprise in a year is greater than the expenditure, which is commonly referred to as corporate profit.

From the perspective of income aggregation, the total profit is an external income and expenditure item and a previous adjustment item; However, in the income statement, many countries still show the profit generated in the current business process (normal profit) and other profit and loss (abnormal profit) separately before calculating the total profit (or accounting income).

No. Gross profit.

It refers to the pre-tax profit, that is, the income tax of the enterprise.

The total results of business activities in the previous period.

According to the overall view of income, the total profit of an enterprise includes four parts: profit from main business (profit from product sales), profit from other businesses, net investment income and net non-operating income and expenditure. Among them, the profit from product sales is equal to the product sales revenue minus the product sales cost, product sales expenses, product sales tax and surcharge; Profit from other operations is the difference between income from other operations and other operating expenses; Net investment income is equal to investment income minus investment losses; Net non-operating income is equal to non-operating income.

Less: Non-operating expenses. Profit from product sales plus profit from other operations minus administrative expenses.

and financial expenses constitute operating profit.

According to the current business point of view, the operating profit plus the net investment income forms the total profit of the enterprise), and the operating profit plus the net investment income, the net non-operating income and the profit and loss adjustment of the previous year finally form the total profit of the enterprise. In the U.S., prior-period item adjustments are allowed to be included in the retained earnings statement and not reflected in the income statement.

Total profit is a very important economic indicator to measure the operating performance of an enterprise. Under the perspective of income aggregation, the total profit is an additional income and expenditure item and a previous period adjustment item; However, in the income statement, many countries still separate the profits (normal profits) generated in the current business process and other profits and losses (abnormal profits) before calculating the total profits (or accounting gains). The so-called normal profit refers to the profit generated and realized by the production and operation activities of the enterprise, including the profit realized by the enterprise engaged in production, sales and investment publicity activities, and the normal profit of operating profit and investment income.

Abnormal profit refers to the profit or loss caused by matters unrelated to the production and operation activities of the enterprise, including natural disasters.

resulting losses, fines, expenses and late fees.

Expenditures and other items unrelated to business activities are also included in the list of abnormal profits in the early adjustment of China's regulations. Due to the generation of normal profits and business activities, they can be controlled by the management of the enterprise, while non-normal profits are uncontrollable; Therefore, the division of profits into normal profits and abnormal profits (i.e., listed separately in the profit and loss statement) is more objective and accurate for measuring the operation and management efficiency of the enterprise management department.