Accounting entries on the cash basis, what units use the cash basis for accounting?

day, cash check 50,000 yuan from the bank to withdraw cash, ready to pay wages borrow: cash in hand 50,000 loan: bank deposit day, with cash 50,000 yuan to pay in-service salary borrowing:

Employee compensation payable - employee salary 50,000 Credit: cash in hand 50,000

Borrow: cash in hand 50,000 Credit: bank deposit 50,000 Borrow:

Management expenses Salary 50,000 Credit: Cash in hand 50,000 If the salary is to be accrued, it is debited after the first entry: Management expenses 50,000 Credit:

Wages payable 50,000 when issued: Wages payable 50,000 Credit: cash on hand 50,000

Borrow: cash in hand 50,000 Credit: bank deposit 50,000 Borrow: Employee remuneration payable - wages payable 50,000 Credit: cash in hand 50,000

1. Borrow: cash 50,000 Credit: bank deposit 50,000 2. Borrow: salary payable 50,000 Credit: cash 50,000

The cash system is based on: "receipt" and "payment" as the accounting symbol, and the bank deposit is used to prepay the rent of the store house in the second half of the year 6,000 yuan.

Pay: Bank deposit.

Pay: Management fee.

2. Pay the unpaid loan interest of 4,000 yuan in the early period with bank deposits.

Pay: Bank deposit.

Pay: Financial expenses.

Under the cash system, when selling goods on credit, are the accounting entries debiting: accounts receivable credit: inventory goods correct?

Accrual accountingDebit: Advance payments.

Credit: Bank deposits.

Debit: Interest payable.

Credit: Bank deposits.

Borrow: Bank deposit.

Credit: Accounts received in advance.

Borrow: manufacturing costs.

Management fees. Credit: Accumulated depreciation.

Debit: Accounts payable.

Credit: Bank deposits.

Debit: Accounts receivable in advance.

Credit: main business income.

Relevance. In the enterprise with little business of advance receipts, the advance receipts can be directly credited to the "accounts receivable", and this account is not set up separately, and the relationship with the "accounts receivable" account should be paid attention to when using this account.

The common point of accounts receivable and accounts receivable is: both are the money that should be collected from the shopping unit or the labor service unit due to the sale of goods, products, and the provision of labor services, etc., the difference between the advance accounts receivable is the collection first, and the shipment or provision of labor services is later, while the accounts receivable is the first shipment or provision of labor services, and the collection is later, the advance receivables are in the nature of liabilities, and the accounts receivable are in the nature of creditor's rights assets.

Under the accrual basis of accounting.

1. Borrow: prepaid accounts.

Credit: Bank deposits.

2. Pay the unpaid interest payable Borrow: interest payable 4000 Credit: Bank deposit 4000

3.Borrow: Bank deposit.

Credit: Accounts received in advance.

4. Depreciation borrowing: manufacturing expenses 25600

Management fee 10000

Credit: Accumulated depreciation 35600

5. Sharing of rent and property insurance premiums Borrow: management expenses - rent 1000 management expenses - property insurance 400

Credit: Accounts prepaid.

6. Prepaid material cost borrowing: prepaid account 7500

Credit: Bank deposit 7500

7. Debit: accounts payable.

Credit: Bank deposits.

8. Pre-sale, that is, the form of paying first and picking up the goods later, does not recognize the main business income under the accrual system: bank deposits.

Credit: Accounts received in advance.

Under the cash basis.

1. Borrow: management expenses - rent 6000

Credit: Bank deposit 6000

2. Borrow: financial expenses - interest 4000

Credit: Bank deposit 4000

3. Borrow: bank deposit 5000

Credit: main business income 5000

4. No entries are made when accruing.

5. Do not make accounting entries.

6. Borrow: raw materials.

Tax Payable – VAT payable (input).

Credit: Bank deposits.

7. Borrow: 1000 raw materials

Credit: Bank deposit 1000

8. Borrow: bank deposit.

Credit: main business income.

First of all, let's introduce to you what is accrual accounting and what is cash accounting.

The requirement of the accrual basis is that all the income realized in the current period and the expenses that have been incurred or should be borne in the current period, regardless of whether the money is received and paid, should be recorded in the income statement as current income and expenses; Income and expenses that do not belong to the current period, even if the money is received and paid in the current period, shall not be treated as current income and expenses. For example, in the case of advance receipts and prepayments for purchases, although the payments have been received or paid, the actual economic transactions have not been realized in the current period, so the advance receipts or advances cannot be treated as income or expenses in the current period.

The cash basis is based on the receipt or payment of cash as the basis for recognizing income and expenses, etc. At present, except for the accounting of administrative units that adopt the cash system, and the accounting of public institutions, except for the accrual basis for business operations, most of the other businesses adopt the cash payment system.

Accounting entries: under accrual accounting.

1. When prepaying, borrow: prepaid account - rent.

Credit: Bank deposits.

When amortized monthly: borrow: management expenses manufacturing expenses 6000 6 = 1000 It mainly depends on whether the house is used for production or something else.

Credit: Accounts prepaid.

2. Pay the unpaid interest payable Borrow: Interest payable 4000

Credit: Bank deposits.

Originally, when the interest was accrued, the entry debited: financial expenses 4000

Credit: Interest payable 4000

3. The prepayment received from the purchaser is your prepayment receivable.

Borrow: Bank deposit.

Credit: Accounts received in advance.

4. Depreciation borrowing: manufacturing expenses 25600

Management fee 10000

Credit: Accumulated depreciation 35600

5. Sharing rent and property insurance premiums Borrow: management expenses - rent 1000

Administrative Expenses – Property Insurance 400

Credit: Accounts prepaid.

6. Prepaid material cost borrowing: prepaid account 7500

Credit: Bank deposit 7500

When receiving the materials borrowed: raw materials.

Tax Payable – VAT payable (input).

Credit: Accounts prepaid.

7. If you pay in advance, pay less for materials.

Debit: Prepaid Accounts If you overpay, you must recover the material payment and make the opposite entries.

Credit: Bank deposits.

8. Pre-sale, that is, the form of paying first and picking up the goods later, does not recognize the main business income under the accrual system.

Borrow: Bank deposit.

Credit: Accounts received in advance.

Under the cash basis.

1. Borrow: management expenses - rent 6000

Credit: Bank deposit 6000

2. Borrow: financial expenses - interest 4000

Credit: Bank deposit 4000

3. Borrow: bank deposit 5000

Credit: Accounts receivable 5000

4. The treatment method is the same as that under the accrual system.

5. No accounting treatment.

6. Borrow: raw materials.

Tax Payable – VAT payable (input).

Credit: Bank deposits.

7. Debit: Accounts payable 1000

Credit: Bank deposit 1000

8. Do not make entries, and only make entries when the sales payment is actually received.

Accrual accounting

1. Borrow: expenses to be amortized - house rent.

Credit: Bank deposits.

2. Borrow; Interest payable.

Credit: Bank deposits.

3. Borrow: bank deposit.

Credit: Accounts received in advance.

4. Borrow: accumulated depreciation of 35,600

Credit: Manufacturing expenses - depreciation 25,600

Depreciation of administrative expenses 10000

5. Borrow: management expenses - rent 1000

Management fee - insurance premium 400

Credit: 1400 expenses to be amortized

6. Borrow: prepaid accounts.

Credit: Bank deposits.

7. Debit: accounts payable.

Credit: Bank deposits.

8. Debit: accounts receivable.

Credit: income from main business (excluding taxes).

Cash basis.

1. Borrow: management expenses - house rent.

Credit: Bank deposits.

2. Borrow: financial expenses - interest expenses.

Credit: Bank deposits.

3. Recognition of income after receiving money.

Borrow: Bank deposit.

Credit: income from main business (excluding taxes).

4. Borrow: accumulated depreciation of 35,600

Credit: Manufacturing expenses - depreciation 25,600

Depreciation of administrative expenses 10000

5. Do not make accounting entries, and when you actually pay, you will be included in the management expenses at one time 6. Borrow: raw materials (regardless of taxes.)

Credit: Bank deposits.

7. Borrow: raw materials (excluding taxes.)

Credit: Bank deposits.

8. Do not make entries, and make income when you actually receive money.

Cash basis.

Applicable to administrative institutions; and accrual.

It is applicable to for-profit enterprises.

At present, the accounting of administrative units in China adopts the realization of receipts and payments as accounting.

In addition to the accrual basis for the accounting of public institutions, the accounting of public institutions can also adopt the realization of receipts and payments as the basis of accounting.

Accrual accounting, also known as the receivables and payables principle, is a principle that determines the attribution period of income and expenses based on the occurrence of rights and liabilities. refers to all expenses that have been received and incurred or should be borne during the current period, regardless of whether they have been received or paid, and are treated as income and expenses for the current period; Conversely, income and expenses that are not part of the current period should not be treated as income and expenses for the current period, even if the amount is received or paid in the current period.

The accrual basis of accounting is a requirement for the recognition and measurement of accounting elements, which solves the problem of when and how much income and expenses are recognized. In order to correctly divide and determine the financial results of each accounting period of Xiaoqiao, the "Accounting System for Business Enterprises.

It is stipulated that enterprises must use accrual accounting as the basis for bookkeeping.

The cash basis is also known as the "cash basis" or "pay-as-you-go basis". It is the symmetry of "accrual accounting". In accounting, it is a method of determining the income and expenses of the current period based on whether the money has been received or paid as the calculation standard.

All payments actually received or paid during the period, whether or not they occurred or should have been borne by the current period, are treated as income and expenses for the current period.

Public institutions generally refer to the promotion of social welfare.

Social organizations that meet the needs of society in the fields of culture, education, science, and health, and provide various social services as their direct purpose.

Public institutions generally do not have profit as their direct purpose, and their work results and values are not directly expressed or mainly not expressed in measurable material or monetary forms. Public institutions are relative to enterprises, and public institutions include some units that work as civil servants and are state institutions.

branches. China's public schools are the most typical administrative institutions.

Cash basis to confirm.

Corporate income tax.

There are three main issues related to income:

The first is the scope and classification of income, that is, which income is taxable income and which income is non-taxable income;

the second is the measurement of income, that is, how to measure monetary income and non-monetary income in the income items of enterprises;

The third is the recognition of the time of income, the enterprise income tax is levied on an annual basis, which income belongs to the current year, which belongs to the following years, should be recognized in time.

1) Overview of total revenue.

The income obtained by the enterprise from various ** in monetary and non-monetary forms is the total income. Including: income from the sale of goods, income from the provision of labor services, income from the transfer of property, dividends, bonuses and other equity investment income, interest income, rental income, royalty income, income from receiving donations and other income.

1.The monetary form in which an enterprise obtains income, including cash, deposits, and accounts receivable.

notes receivable, bonds to be held to maturity, investments in such bonds, and debt forgiveness, etc.; The non-monetary form of income obtained by enterprises trillion years, including fixed assets.

Biological assets, intangible assets.

Equity investments, inventories, bond investments that are not intended to be held to maturity, labor services, and related interests, etc.

2.The tax law stipulates that the income obtained by an enterprise in the form of non-monetary form shall be based on fair value.

Determine the amount of income.

3.Corporate income is generally accrual accounting.

Principle confirmed. The accrual basis of accounting requires that the taxable income be calculated from whether the economic rights and economic obligations of the enterprise are incurred.

The basis is to emphasize the time ratio of enterprise income and expenses, and require that the recognition time of enterprise income and expenses shall not be advanced or delayed.

In addition, the tax regulations stipulate that some special income is recognized on a cash basis, such as dividends, interest income, rental income, royalties, donation income, etc.

2) Income from the sale of goods.

Revenue from the sale of goods refers to the income obtained by an enterprise from the sale of commodities, products, raw materials, packaging, low-value consumables and other inventories.

Except as otherwise provided by laws and regulations, the recognition of the revenue from the sale of goods by an enterprise must follow the accrual principle and the principle of substance over form.