Ask about finances, some finance related questions, don t rush

The accrual basis is an accounting basis for enterprises to recognize income and expenses based on whether the rights of income and the obligations of expenditure are attributable to the current period. I think the teacher said wrongly, if the income belongs to the current period, then whether the money is received or not, it should be included in the current income. The accrual basis does not care about the receipt and payment of payments, but is based on whether the income and expenses are attributable to the current period.

For example, the rent collected for half a year is 6000, and the payment has been collected:

Borrow: bank deposit 6 000

Credit: Accounts receivable 6 000

At the end of each month, the following will be done.

Debit: Advance receivables 1 000

Credit: Other Business Income Main Business Income (Leasing Company) 1 000

For rental income (i.e., operating leases), the accountant should recognize revenue on a straight-line basis for each period of the lease term, or other methods if other methods are more reasonable. If the lessor provides a rent-free period, the total rent shall be distributed throughout the lease term on a straight-line basis or by other reasonable means, and the lease income shall also be recognized during the rent-free period. The tax law stipulates that rental income shall be recognized on the date of payment of rent agreed in the contract.

If the timing of the accounting and tax law is inconsistent with the recognition of rental income, a tax adjustment should be made.

In the day-to-day business processing, enterprises generally choose to account once and recognize the current income.

The realization of income should also be recognized on the accrual basis for the period agreed in the contract.

However, the payment of sales tax and related surcharges should be levied according to the time of invoicing and the amount.

China's ** contingent explicit debt refers to:

**Guarantee for investment and financing platforms.

Analysis: Contingent explicit liabilities refer to the statutory debts that need to be paid in the case of specific events, as well as the payment matters that are required by the local government or the financial authorities in accordance with laws and policies. The most common contingent explicit liability is the ** guarantee project based on the legal contract, and once the guaranteed person is unable to repay the debt, ** has the obligation to compensate.

In response to the current local debt risk, the following measures are difficult to sustain.

** Maintain zero default in all fiscal aspects.

Analysis: **Comprehensive fiscal coverage is an emergency measure to solve the risk of local debt, and the risk itself has not been substantially resolved and is not sustainable.

The following statements about local public goods and services are correct.

The scope of benefits is local.

Analysis: Characteristics of local public goods:

1) the scope of its benefits is locally limited; The beneficiaries are mainly residents of the jurisdiction.

2) Providers are locals at all levels**.

The financial management system of administrative institutions is an important part of ().

5.The depreciation system of fixed assets of public institutions is:

Depending on the situation, decide whether you want to make an actual accrual.

Analysis: Depreciation is not provided for the implementation of the "Accounting System for Administrative Institutions" and the accounting system of most industry-related public institutions. Only a very small number of public institutions are managed by enterprises, and the industry accounting system implemented is of the nature of an enterprise system, and depreciation is accrued.

6.The requirements for the use of business ** are ().

At the end of the year, you can make up for the difference between income and expenditure of the unit.

Analysis: Undertakings are valuable resources for unrestricted purposes of public institutions, and they play the role of "reservoirs" in public institutions to adjust the balance between years. That is, if the income of the institution is greater than the expenditure in the following year, the difference will continue to be transferred to the enterprise**, and if the expenditure is greater than the income, the difference will be made up by the institution ** in the previous year; When determining the unit budget at the beginning of the year, if there is a gap in the expenditure arrangement, a part of the business** can also be used to make up for the shortfall.

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