Withdraw 300,000 yuan in cash and pay wages. Preparation of accounting entries?

Borrow: "cash on hand" 300,000. Because it is "300,000 yuan in cash from the bank to prepare for salary", it is only ready to pay wages and does not pay directly, so borrow:

Cash on hand "300,000" instead of "wages payable to employees". If the cash withdrawal is paid directly, it is "Employees' Compensation Payable".

1.The wages payable mainly include: employee wages, bonuses, allowances, subsidies (hourly wages, piece-rate wages, bonuses, allowances, ** subsidies, overtime wages, sickness, maternity leave.

family planning leave); Employee welfare expenses: wages of employees of collective welfare institutions and subsidies for employees' living difficulties; Medical insurance premiums, endowment insurance premiums, unemployment insurance premiums, work-related injury insurance premiums, maternity insurance premiums and other social insurance premiums;

2.Housing Provident Fund; Trade union funds and staff education funds.

Non-monetary benefits (products or purchased goods are allocated to employee benefits, housing is provided free of charge, employees using leased assets are free, services such as health care are provided to employees at no cost, employees and housing sales** are below cost); Compensation for termination of employment relationship with the employee; Other expenses related to access to employee services.

Extended Materials. 1.Legal basis: Labor Code

Article 50 Wages shall be paid to workers in the form of money on a monthly basis. Employees shall not be unreasonably deducted or in arrears of wages. Non-operating income mainly consists of non-current assets.

Gains from disposal, gains from the exchange of non-monetary assets, gains from debt restructuring, subsidies, gains from inventory profits, income from donations, etc. Enterprises should set up "non-operating income.

Name, accounting for the non-operating income incurred by the enterprise. Undergraduate projects can be accounted for in detail according to non-operating income items, and the main business income.

When an enterprise transfers fixed assets, it first carries forward the original value of fixed assets and accrued accumulated depreciation.

The Fixed Assets Liquidation and Accumulated Depreciation accounts are debited and the Fixed Assets account is credited; After receiving the agreement between the two parties, the "bank deposit" will be debited and the property right of "fixed assets liquidation" will be credited; Finally, the profit and loss are carried forward for liquidation.

2.If the transfer** is higher than the net book value of the fixed asset, the name "Fixed Asset Liquidation" is debited and the name "Non-operating income" is credited. The enterprise disposes of intangible assets.

The "Bank Deposits" and other accounts shall be debited according to the actual amount received, the "Accumulated Amortization" account shall be debited according to the accrued accumulated amortization, the "Tax Payable" shall be credited, the "Bank Deposits" and other accounts shall be debited according to the relevant taxes and other expenses payable, the "Intangible Assets" account of the credit shall be debited according to its book balance, and the credit balance of the credit account "Non-operating income - gain on disposal of non-current assets", and if the terms of the damage have been withdrawn, the impairment provision shall also be carried forward at the same time and the recognized ** subsidy income shall be debited" Bank deposits", "deferred income", credited to this account At the end of the period, the balance of this account shall be transferred to the "Profit for the year" account.

Payouts. Borrow: "cash on hand" 300,000.

Credit: Bank deposit 300000

Wages Paid: Borrowed: Remuneration Payable.

Credit: Other receivables (endowment insurance advanced by enterprises).

Cash on hand.

When withdrawing cash:

Borrow: cash on hand.

Credit: Bank deposits.

When the salary is accrued:

Borrow: Administrative expenses.

Selling expenses, manufacturing expenses, production costs.

Employee wages. Credit: Employee Compensation Payable.

Employee wages. When it is issued: borrow: employee remuneration payable - employee salary.

Credit: Taxes payable.

Individual income tax is payable.

Extended Materials" 1Accounting entries.

Accounting entries are also known as "bookkeeping formulas". Abbreviated as "entries". According to the requirements of the double-entry bookkeeping principle, it lists the corresponding accounts of both parties and their amounts for each economic transaction. Before registering an account, pass the accounting voucher.

The preparation of accounting entries can clearly reflect the classification of economic operations, which is conducive to ensuring the correctness of account records and facilitating post-event inspection. Each accounting entry mainly consists of the accounting symbol, the relevant account name, summary and amount. There are two types of accounting entries: simple entries and compound entries.

Simple entries are also called "single entries". Refers to an accounting entry that corresponds to the debit of one account and the credit of another. Compound entries are also known as "multiple entries".

It refers to an accounting entry that corresponds to the debit of one account and the credit of several accounts, or the credit of one account to the debit of several accounts.

2.The method of accounting entries.

First: the accounts involved, analyze which accounts involved in economic operations have changed;

Second: the nature of the accounts, the nature of these accounts involved in the analysis, i.e. what accounting elements each of them belongs to, is located in the accounting equation.

left or right;

Thirdly, the increase or decrease of the situation, the analysis to determine whether these accounts have increased or decreased, and the amount of increase or decrease;

Fourth: the direction of accounting, according to the nature of the account and its increase or decrease changes, determine the debit or credit to the account;

Fifth: Prepare complete accounting entries according to the format requirements of accounting entries.

In addition, be diligent, learn more, ask more questions, and practice more. [2]

1) Start with the ledger account.

Start and memorize the content of account accounting.

2) Learn the rules and processes of bookkeeping, learn the accounting system, and learn the basics.

3) Practice more and accumulate more practical experience.

4) Keep abreast of various fiscal and tax policies and broaden your knowledge.

5) Pay attention to flexible use, gradually achieve accurate accounting, and reasonable tax avoidance.

6) Prepare complete accounting entries according to the format requirements of accounting entries.

When withdrawing cash.

Borrow: cash on hand.

Credit: Bank deposits.

After the actual payment of wages.

Borrow: Employee remuneration payable.

Credit: cash on hand.

Borrow: cash on hand.

Credit: Bank deposits.

Borrow: manufacturing costs.

Credit: Employee Compensation Payable.

Withdrawals: Borrow: Cash.

Credit: Bank deposits.

Borrow: cash on hand --60,000

Credit: Bank Deposits --60000

Borrow: Wages payable - 60,000

Credit: cash on hand --60,000

Tax Payable – Individual income tax payable.

If the cash withdrawn is issued as a reserve and is not actually disbursed, and it is still a provision, it does not need to be processed. The accounting entries are:

Borrow: cash on hand --60,000

Credit: Bank Deposits --60000

When the salary is withdrawn (that is, 50,000 yuan in cash is withdrawn and the salary is ready to be paid).

Debit: The administrative expenses are made according to the content of the issuing department, and if it is for sales purposes, the sales expenses will be calculated (5000).

Credit: Employee Compensation Payable - Salary 5000

Payment is the payment of the previous month's salary. In fact, the early accrual of wages is relative to the payment of wages, not the absolute precedent.

According to the accrual principle, which month's salary should be included in the expense of which month;However, in practice, the salary must be paid until the end of the month before the salary of each employee can be calculated.

Therefore, at the end of the month, it is necessary to temporarily estimate the salary expenses incurred in the month according to the historical situation or other means, and make accrual and entry records.

1. Accrual of salary accounting entries to:

Borrow: Production costs.

Manufacturing costs.

Selling Fees.

Management fee 60000.

Credit: Employee compensation payable - salary 60,000.

2. Pay wages in the next month:

Borrow: Employee compensation payable - salary 60,000.

Credit: cash in hand Bank deposits 60000.

Cash cheque is drawn to the bank for cash 13000, and the accounting entries for the payroll are read:

Borrow: 13000 in cash

Credit: Bank deposit 13000

Units and individuals that have opened deposit accounts that can be used to receive and pay in cash in banks may use cash cheques to entrust the opening bank to pay cash for all kinds of funds that meet the requirements of the "Measures for the Administration of Bank Accounts" and the "Regulations on Cash Management". Cash cheques can only be used for cash withdrawals. Cash cheques can only be withdrawn in cash at the drawer's bank.

Cash check is one of the most basic payment and settlement business varieties.