Accounting treatment of rice mills, accounting entries for rice processing enterprises

First of all, whether your enterprise is determined to be a general taxpayer, if it is identified as a general taxpayer, according to the VAT rate of 13% or 17%.

Levy output tax on sales proceeds.

Then, when you purchase primary agricultural products, that is, rice and other agricultural products, if you purchase them directly from farmers, you can apply to the state taxation authorities to fill out an invoice for the purchase of agricultural products, so that you can deduct 13% of the input tax according to the purchase amount.

Second, rice processing is to produce waste or by-products that cannot be sold normally, such as bran and broken rice, that is to say, under normal circumstances, the yield of processing from rice to qualified rice will not fluctuate greatly, so in cost accounting, to control this yield rate, you can't waste a lot at once, and there is almost no waste at once. Third, the most important cost of rice mills is probably the cost of rice procurement, machinery construction and maintenance, labor costs, storage costs, etc., to focus on monitoring the changes in these key cost indicators, but also to keep abreast of the changes in some relevant market information. Accounting is the same in every business, except for the common accounting standards.

and handling methods, it is necessary to grasp the characteristics of each enterprise and industry and formulate corresponding control points.

If it is an agricultural enterprise, if it is a general taxpayer, VAT is calculated at 13%. Financial treatment, like other businesses, is to pay attention to the tax rate.

Summary. Hello dear dear, I am happy to answer this question for you, and I have found the answer to this question for you: first, whether your enterprise is determined to be a general taxpayer, if it is identified as a general taxpayer, according to the 13% or 17% value-added tax rate of sales revenue output tax, then when you purchase primary agricultural products, that is, rice and other agricultural products, if you are directly purchased from farmers, you can apply to the state taxation authorities to fill in the invoice for the purchase of agricultural products, This allows you to deduct 13% of the input tax on the purchase amount;

Hello dear dear, I am very happy to answer this question for you, I have found the answer to this question for you: first, whether your enterprise is determined to be a general taxpayer, if it is identified as a general taxpayer, according to the 13% or 17% value-added tax rate to levy the output tax on the sales income of the town, then when you purchase primary agricultural products, that is, rice and other agricultural products, if you are directly purchased from farmers, you can apply to the state taxation authorities to fill in the invoice for the purchase of agricultural products. This allows you to deduct 13% of the input tax on the purchase amount;

Second, rice processing is the production of only raw bran and broken rice and other waste or by-products that can not be sold normally, that is to say, under normal circumstances, the yield of rice processing into qualified rice will not fluctuate greatly, so in the cost accounting, to control this yield rate, can not be a lot of waste at once, and there is almost no waste at once. Third, the most important cost of the rice mill is probably the cost of rice procurement, the construction and maintenance of bending machinery, labor costs, storage costs, etc., and it is necessary to focus on monitoring the changes in these key cost indicators, and also to keep abreast of the changes in some relevant market information. Accounting is the same in every enterprise, in addition to the general accounting standards and treatment methods, it is necessary to grasp the characteristics of each enterprise and the industry to formulate corresponding control points.

1.Rice mills should record their income and expenditure in accordance with the Accounting Classification Standards (GAAP) when keeping accounts, so as to fully reflect the details of income and expenditure. 2.

Rice mills should carry out accounting in accordance with relevant tax regulations and financial reporting standards in their accounting treatment to ensure tax compliance. 3.Rice mills should conduct regular audits to ensure the legality and accuracy of their accounting treatments.

4.Rice mills should establish complete accounting files, and timely upgrade and update them for future inquiries and checks. 5.

The rice mill should establish a strict internal control system and organize internal audits on a regular basis to ensure the authenticity and accuracy of the accounting treatment.

As can be seen from the title, the total purchase cost of rice is 100 * 2000 + 3000 = 203,000 yuan, and the input tax on the purchase of rice should be calculated according to the purchase price of agricultural products indicated on the purchase invoice or sales invoice of agricultural products and the deduction rate of 13%. Therefore, the input VAT amount = 100 * 2000 * 13% = 26,000 yuan, and the input tax on freight (special ticket obtained after replacing business tax with value-added tax) is 3,000 * 11% = 330 yuan, and the total input tax is 26,330 yuan.

Entry, Borrow: Material Procurement - Rice (200,000-26,000) 174,000

Material Procurement – Shipping 2,670

Tax payable – VAT payable (input tax) 26,330

Credit: Cash (Bank Deposits) 203,000

Assuming that the selling price of rice (both including VAT) is 3,600 yuan per ton and the income is 198,000 yuan, the broken rice is 3,000 yuan per ton and the income is 60,000 yuan, and the bran is 900 yuan per ton and the income is 20,700 yuan, the total value is 55 * 3600 + 20 * 3000 + 23 * 900 = 278,700 yuan, and the cost is amortized according to the sales price, the total cost to be apportioned is 174,000 + 2670 = 176670 yuan, and the rice should be amortized 177,000* (198,000 278,700) = 125, broken rice should be apportioned 176670 * (60,000 278,700) = 38, yuan, bran should be apportioned 176670 * (20,700 278,700) = yuan, entries, debit: inventory goods - rice 125, inventory goods - broken rice 38, inventory goods - bran 13, credit: material procurement - rice 174,000

Material Procurement – Shipping 2,670

Sales revenue, total sales 278,700 (1+13%) = 246, yuan, output tax 246,, yuan, entries, debit: cash (bank deposits) 278,700

Credit: main business income 246, tax payable - VAT payable (output tax) 32, cost of sales carried forward, entries.

Borrow: The cost of main business is 176670

Credit: 176670 of goods in stock

The above income, cost, and inventory commodity accounts can be accounted for accordingly according to the sub-ledger.

Purchased and borrowed raw materials Grain 225000

Tax payable - VAT (input tax) 26000 (You wrote it wrong.) How can buying something be output tax).

Credit Bank Deposit 251000

Production here.

Borrow the cost of production of rice.

Production cost Broken rice.

Production cost of bran.

Credit raw materials cereals.

It is then carried over to the inventory item.

Borrow stock goods rice.

Inventory Commodities Broken rice.

Inventory Commodities Bran.

Credit production costs of rice.

Production cost Broken rice.

Production cost of bran.

When the last sale is made.

Borrowing the cost of the main business.

Credit stock goods rice.

Inventory Commodities Broken rice.

Inventory Commodities Bran.

The amount of the entries at the back can not be written can not be directly set by the number of tons of grain ** loss also has to be spread to the other three finished products, the cost of production carry-over inventory goods can not be written, I don't know other expenses, I don't know the inventory of goods**, then the final carry-over cost of sales is not written.

Answer: Pro, I am glad to answer for you the whole process of rice production and processing accounting entries Credit: Production Cost Credit: Raw Materials Wages Manufacturing Expenses Borrow: Inventory Commodities - Ancillary Products Inventory Commodities - Rice Credit: Production Costs.

Ask the question about the cost calculation of rice.

Purchase & Borrow: Commodities in Stock - Rice.

Inventory Items - Rice (Shipping Fee, if any).

Credit: cash or bank deposit.

Sale (Delivery).

Debit: Cash or bank deposit or accounts receivable.

Selling Fees - Shipping Costs (if any).

Credit stock goods rice.

Tax payable - VAT payable - output tax (according to the sales tax amount (1 + VAT rate)) declare VAT and additional tax according to the invoice amount in the declaration system every month, you can pay attention to the key points in the operation:

1. Do a good job in the accounting of rice purchase, sale and inventory, including the basic work of accounting for profit and loss;

2. Do a good job in the origin and sales files of rice;

3. Do a good job in current account accounting;

4. Do a good job in inventory management, fire prevention, moisture prevention, anti-theft, etc.;

5. It may involve business qualifications, and do a good job of coordination with relevant departments.

The tax and accounting treatment of rice purchase and sale enterprises is as follows:

1.Accounting entries for the purchase of agricultural products:

Borrow: Inventory of goods.

Tax Payable - VAT Payable (Input Tax).

Credit: Accounts payable or bank deposits.

According to the provisions of the "Accounting System for Small Enterprises", the packaging costs, transportation and miscellaneous expenses, insurance premiums, loading and unloading costs, reasonable wear and tear and selection and sorting costs incurred by small enterprises engaged in commodity circulation before the arrival of goods in the warehouse are directly included in the current sales expenses.

Borrow: Pending property damage.

Credit: Inventory of goods.

Tax Payable VAT payable (input tax transferred out).

3. Sell the purchased peaches to a supermarket.

Debit: Bank deposits or accounts receivable.

Credit: main business income.

Tax Payable - VAT Payable (Output Tax).

At the same time, the cost of sales is carried forward.

Borrowing the cost of the main business.

Credit: Inventory of goods.

Purchase: Borrow: Inventory goods.

Tax Payable - VAT Payable (Incoming).

Credit: Cash Bank Deposits.

Sales: Borrow: Bank Deposits Cash.

Credit: main business income.

Tax Payable - VAT Payable (P.S.).

Borrowing the cost of the main business.

Credit: Inventory of goods.

When paying taxes: What is the approximate tax burden? Then, according to the amount of output tax, the input tax is reasonably selected for certification and deduction.

When a small-scale taxpayer:

There is no input tax on the purchase cost according to the invoice amount at the time of purchase, and the income and output tax are calculated separately according to the invoice amount at the time of sale (the general invoice amount (1 + tax rate) is the amount of sales revenue, and the income amount * tax rate is the sales tax amount, and the VAT is paid according to this amount and additional tax is accrued.

For example, if you buy 1,170 yuan of rice on a small scale, it will cost 2,340 yuan when all the rice is sold. then the output tax is 2340

The VAT payable this month is 340 yuan, and the additional tax payable is 340* yuan, and the total amount is paid yuan.

If you become a general taxpayer: as in the above example, the input tax at the time of purchase is: 1170 yuan, the output tax is 340 yuan, and the additional VAT amount is 340-170 yuan, and the additional amount payable is 170 * yuan, which is in line with the plan.

Compared with the two, general taxpayers pay 170 yuan less value-added tax, and the comprehensive taxpayer pays less yuan.

From a tax point of view, it is recommended to become a general taxpayer. The industry is not a high value-added business due to the sale of rice. After becoming a general taxpayer, the output tax can be deducted through input tax.

Purchase. Borrow stock goods rice.

Stock Commodity - Rice.

shipping costs, if any).

Credit: cash or bank deposit.

Sale (Delivery).

Debit: Cash or bank deposit or accounts receivable.

Selling Fees - Shipping Costs.

If any) credit: stock goods - rice.

Tax Payable - VAT Payable - Output Tax.

By sales tax amount (1 + VAT rate.

VAT and additional tax are declared in the reporting system on a monthly basis according to the invoice amount.

Can. Points to note in business:

1. Do a good job in the accounting of rice purchase, sale and inventory, including the basic work of accounting for profit and loss;

2. Do a good job in the origin and sales files of rice;

3. Do a good job in current account accounting;

4. Do a good job in inventory management, fire prevention, moisture prevention, anti-theft, etc.;

5. It may involve business qualifications, and do a good job of coordination with relevant departments.

Purchase: Borrow: Inventory goods.

Tax Payable - VAT Payable (Incoming).

Credit: Cash Bank Deposits.

Sales: Borrow: Bank Deposits Cash.

Credit: main business income.

Tax Payable - VAT Payable (P.S.).

Borrowing the cost of the main business.

Credit: Inventory of goods.

When paying taxes: What is the approximate tax burden? Then, according to the amount of output tax, the input tax is reasonably selected for certification and deduction.

Purchased and borrowed raw materials Grain 225000

Tax payable - VAT (input tax) 26000 (You wrote it wrong.) How can buying something be output tax).

Credit Bank Deposit 251000

Production here.

Borrow the cost of production of rice.

Production cost Broken rice.

Production cost of bran.

Credit raw materials cereals.

It is then carried over to the inventory item.

Borrow stock goods rice.

Inventory Commodities Broken rice.

Inventory Commodities Bran.

Credit production costs of rice.

Production cost Broken rice.

Production cost of bran.

When the last sale is made.

Borrowing the cost of the main business.

Credit stock goods rice.

Inventory Commodities Broken rice.

Inventory Commodities Bran.

The amount of the entries at the back can not be written can not be directly set by the number of tons of grain ** loss also has to be spread to the other three finished products, the cost of production carry-over inventory goods can not be written, I don't know other expenses, I don't know the inventory of goods**, then the final carry-over cost of sales is not written.