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How to do the accounting entries of the <> quarterly enterprise income tax carry-forward? Enterprise income tax is the tax that an enterprise needs to pay based on the profits obtained by the enterprise within a certain period of time. The following is a summary of the accounting entries for the quarterly carry-forward of corporate income tax, let's learn together.

How to do the accounting entries of the <> quarterly enterprise income tax carry-forward?

Answer: 1. When accruing:

Borrow: Income tax expense.

Credit: Taxes Payable - Corporate Income Tax.

2. When carrying over:

Borrow: Profit for the current year.

Credit: Income tax expense.

3. When paying:

Borrow: Tax payable - corporate income tax.

Credit: Bank deposits.

How to make entries for quarterly corporate income tax?

Answer: The accounting entries for quarterly payment of corporate income tax are:

1. When accruing:

Borrow: Income tax expense.

Credit: Taxes Payable - Corporate Income Tax.

2. When paying:

Borrow: Tax payable - corporate income tax.

Credit: Bank deposits.

3. Income tax expense refers to the income tax payable on the operating profits of the enterprise. "Income tax expense", accounting for the income tax borne by the enterprise, is a profit and loss account; This is generally not equal to the income tax payable in the current period, as there may be"Temporary differences".If there is only a permanent difference, it is equal to the income tax payable for the current period.

In response to the national taxation policy, the monthly income tax collection is realized by the method of monthly final settlement, that is, the policy of refunding more and making up for less. The specific performance is as follows: the enterprise sets up a final settlement account, and deposits a certain amount, and the tax is settled through the final settlement account when the income tax of the current period is calculated, and even if there is a difference in the later period, it will be returned or completed in the next accounting period.

How to do the accounting treatment of income tax in year-end final settlement?

A: 1Accrued on a monthly or quarterly basis.

Borrow: Income tax expense.

Credit: Taxes Payable - Corporate Income Tax Payable.

2..Income tax is paid quarterly.

Borrow: Tax payable - corporate income tax payable.

Credit: Bank deposits.

3.Before May 31 of the following year, the tax payable (annual income tax payable - prepaid tax).

Debit: Profit and loss adjustments for prior years.

Credit: Taxes Payable - Corporate Income Tax Payable.

4.Pay your taxes:

Borrow: Tax payable - corporate income tax payable.

Credit: Bank deposits.

5.Adjustment of profit or loss of back tax.

Debit: Profit distribution - undistributed profit.

Credit: Prior Year Profit and Loss Adjustment.

6.The amount of income tax payable is less than the amount of tax paid in advance in the annual final settlement.

Borrow: Tax payable - corporate income tax payable.

Credit: Profit and loss adjustment for previous years.

7.Allowance for profit or loss adjustments.

Debit: Profit and loss adjustments for prior years.

Credit: Profit Distribution - Undistributed Profits.

How to do the accounting entries of the <> quarterly enterprise income tax carry-forward? The above introduced how to write the accounting entries of the quarterly enterprise income tax carryover, the above introduction is to be accounted for in the tax payable, and also introduced how to keep the annual income tax, I hope it will be helpful to you!

I have, are you preparing for this year's preliminary exam?