Entries related to the carry forward at the end of the accounting period

The entries carried forward at the end of the accounting period mainly include:

1. Carry-over main business income:

Borrow: main business income.

Credit: Profit for the year.

2. Carry-over costs and expenses:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Taxes and surcharges on the main business.

Management fees. Income tax.

3. At the end of the year, the net profit after offsetting the income and expenditure of the current year shall be transferred to the "profit distribution" account

Borrow: Profit for the current year.

Credit: Profit distribution--- undistributed profits.

4. Profit distribution:

Debit: Profit distribution --- undistributed profits.

- Withdrawal of statutory surplus reserves.

Withdrawal of statutory Community Chest.

Withdraw any surplus reserve.

Credit: Surplus Reserve --- Statutory Surplus Reserve.

Statutory Community Chest.

Arbitrary surplus reserve.

4. Profits to be distributed to shareholders:

Borrow: Profit distribution--- dividends payable.

Credit: Dividends payable.

The general profit and loss accounts must be carried forward at the end of the month. Carryover entries:

1) Carry forward various incomes.

Borrow: main business income, other business income, non-operating income Loan: profit for the year.

2) Carry-over of period expenses.

Borrow: Profit for the current year.

Credit: administrative expenses, operating expenses, financial expenses.

3) Carry-over of costs.

Borrow: Profit for the current year.

Credit: Cost of main business, other business expenses, non-operating expenses 4) Carry-over of taxes.

Borrow: Profit for the current year.

Credit: main business tax and surcharge, income tax.

Borrow: Profit for the current year.

Credit: Profit distribution--- undistributed profits.

Debit: Profit distribution --- undistributed profits.

Credit: Dividends payable.

surplus reserve, etc.

That's pretty much the same thing.

At the end of the period, I guess you don't understand the meaning of the transfer. Carry-forward, or period-end carry-forward, refers to the transfer of the balance or difference of one account to another account at the end of the period.

For example, cost carry-over, that is.

Borrow: Profit for the current year.

Credit: Cost of Sales.

Because of the cost and expense category, the debit balance represents the cost incurred in the current year, and the carry-forward means that when the profit is to be calculated, the cost is the reduction of the profit, so on this carryover, all the debit balance of the operating cost is transferred to the credit, and the debit side retains the profit of the current year.

I'm just using an analogy.

The accounting year-end carry-forward business mainly includes the following aspects: DU (1) Profit and loss at the end of the period.

The income, income, costs and expenses are carried forward to the profit capacity of the current year, and the balance of the profit and loss account after the carry-over is 0.

2) Carry-over of profits at the end of the year.

Carry forward the profit of the current year to the profit distribution - undistributed profit, and the balance of the profit of the current year after the carryover is 0.

The accounting entries carried forward at the end of the period are as follows:

1. When carrying forward income:

Borrow: main business income.

Other business income.

Fair value change gain or loss (or credit).

Investment income (or credit).

Non-operating income.

Credit: Profit for the year.

2. When carrying forward costs, fees and taxes:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Other business costs are complimented.

Taxes and surcharges.

Selling expenses. Management fees.

Finance Expenses. Non-operating expenses.

Income tax expense.

Asset impairment losses.

3. When carrying forward the profit distribution:

Debit: Profit (or credit) for the current year

Credit: Profit False Profit Distribution - Undistributed Profit (or Debit) Carried Forward at the End of the Period, All Profit and Loss Accounts Should Be Carried Forward to "Current Year Profit", and "Current Year Profit" should be carried forward to "Profit Distribution - Undistributed Profit" at the end of the year.

The accounting entries of the VAT output tax carried forward by the enterprise at the end of the month can be processed as follows:

1. When the enterprise carries forward the output tax, the accounting entries are disturbed as follows.

Debit: Tax Payable - VAT Payable (Output Tax), Credit: Tax Payable - VAT Payable (VAT Unpaid).

2. Similarly, enterprises can also carry forward the input tax, and the accounting entries are as follows:

Borrowing Zheng Lidou: Tax Payable - VAT Payable (VAT Not Paid), Credit: Tax Payable - VAT Payable (Input Tax).

The profit and loss of the period is mainly carried forward to the profit account of the current year by carrying forward the costs and expenses and income, so as to achieve the purpose of calculating the profit. The specific accounting treatment is as follows:

First, the income is carried forward first, and the borrowing is: main business income, other business income, non-operating income, auspicious.

Credit: Profit for the year, 2. Carrying forward costs and taxes, Borrow: Profit for the year, Credit: Cost of main business, taxes and surcharges for the main imaginary business, other business expenses, sales expenses, management expenses, financial expenses, non-operating expenses, and taxes on income.

When accountants encounter the situation that the enterprise needs to carry forward at the end of the year, it is usually included in the main business income, current year's profit and other accounts for accounting treatment, so what should be done about the accounting entries carried forward at the end of the year?

1. For the case of carry-forward income:

Borrow: main business income.

Other business income.

Non-operating income.

Credit: Profit for the year.

2. For the case of carrying forward costs, fees and taxes:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Other business costs.

Selling expenses. Management fees.

Finance Expenses. Non-operating expenses.

Income tax expense.

Borrow: Profit for the current year.

Credit: Asset impairment loss.

Asset impairment loss refers to the loss caused by the fact that the allowable amount of the asset is lower than its book value, and the new accounting standards stipulate that the scope of asset impairment is mainly the treatment of impairment of fixed assets, intangible assets and other assets except for special provisions.

3. For the carry-over of investment income:

1) In the event of a net income:

Borrow: Investment income.

Credit: Profit for the year.

2) In the event of a net loss:

Borrow: Profit for the current year.

Credit: Investment income.

4. Annual carry-over profit distribution, the town will offset the income and expenditure of the current year to carry out the net profit realized this year

Borrow: Profit for the current year.

Credit: Profit distribution--- undistributed profits.

What is the profit of Yuannian this year?

The profit of the year refers to the net profit (or net loss) of an enterprise in a certain fiscal year, which belongs to the owner's equity account. The income realized by the lender registered enterprise in the current period, including the income from the main business, other business income, investment income, "subsidy income", non-operating income, etc.; The expenses and expenses incurred by the debit registered enterprise in the current period include main business costs, other business expenses, operating expenses, management expenses, financial expenses, investment income (net loss), non-operating expenses, income tax, etc.

At the end of the month, carry forward the income and expense entries of the month

1. Carry forward the cost account.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Sales tax and surcharges.

2. Carry-forward income accounts.

Borrow: main business income.

Other business income.

Non-operating income.

Credit: Profit for the year.

3. Carry-over fees.

Borrow: Profit for the current year.

Credit: Selling expenses.

Management fees. Finance Expenses.

In order to make the "Profit of the Year" account provide the amount of profit of the current period accurately and timely without increasing the workload of compiling entries, the unit adopts a multi-column format on the "Profit of the Year" account page in actual work.

The accounts of "main business income", "main business cost", "main business tax and surcharge" are changed from the first-level account to the second-level account under "current year's profit", which reduces the workload when carrying forward.

However, the product ledgers under "Revenue" and "Cost" still need to be registered by quantity and amount. The amount incurred is carried forward at the end of the middle period of the "Schedule" page.

When preparing the income statement, there is no need to look at multiple account books, and only the "profit of the year" can meet the needs of preparing the income statement. "Operating expenses", "administrative expenses", "financial expenses" and other expenses.

If the monthly amount is not large or the number of transactions is not large, it can also be directly used as the secondary account of "current year's profit" to reduce the workload of carry-forward.

Financial expenses are the expenses incurred by the enterprise to raise funds required for production and operation, which belong to the expense account, and there is no balance in the account at the end of the period, and the financial expenses are carried forward at the end of the period, how should accounting entries be made?

Borrow: Profit for the current year.

Credit: Finance Expense.

What are the finance charges?

Financial expenses refer to the expenses incurred by enterprises in raising funds required for production and operation, including net interest expenses (the difference between interest expenses and interest income), net exchange losses (the difference between exchange losses and foreign exchange gains), handling fees of financial institutions, and other expenses incurred in raising funds for production and operation.

Financial expenses are profit and loss accounts. The increase in debit registration includes increased handling fees, Hu Jing expenses, interest, etc.; The decrease in credit registrations includes the transfer of finance charges to the profit for the year.

What is the profit for the year?

The profit of the year refers to the net profit (or net loss) of an enterprise in a certain fiscal year, which is calculated and determined by the composition of the company's profit, and is a dynamic indicator formed by the gradual accumulation of the enterprise from January to December of the calendar year.

The profit for the year is a summary account. the income realized by the enterprise registered by its lender in the current period; The debit registers the expenses and expenses incurred by the enterprise in the current period. After the amount incurred by the borrower is offset, if it is a credit balance, it means the net profit realized by the company's operating activities in the current period, and if it is a debit balance, it means the loss incurred by the enterprise in the current period.

The profit of the year refers to the operating results of the enterprise in a certain accounting period, which is the balance of the income realized by the enterprise in a certain accounting period minus expenses.

Related calculation formulas.

Profit for the year = operating income - operating costs - taxes and surcharges - selling expenses - administrative expenses - financial expenses - asset impairment loss + fair value change gains and losses + investment income + non-operating income - non-operating expenses - income tax expense.