1. What accounting subjects does the freight include?
1. Seller:
(1) If prepaid freight is included in the accounts receivable account.
(2) If it is borne by the seller, it shall be included in the sales expenses.
2. Buyer:
(1) Freight is included in the product cost, and included in the material purchase or material purchase.
(2) The freight can be deducted from the input tax by 7%.
Second, how to charge the freight in the accounting subjects?
1. The freight received by the transportation enterprise is included in the main business income.
(1) Debit: bank deposit/accounts receivable.
(2) Borrowing: income from main business.
(3) Loan: Taxes payable-VAT payable (output tax).
2. The freight received by non-transport enterprises is included in other business income.
(1) Debit: bank deposit/accounts receivable.
(2) Loan: other business income.
3. The freight paid by the company, which is related to sales, is included in the sales expenses; Related to management, included in the management expenses; Related to the purchase of raw materials, included in the cost of raw materials.
(1) Debit: sales expenses-transportation and miscellaneous expenses.
(2) Borrowing: management expenses-transportation and miscellaneous expenses.
(3) Borrowing: raw materials-transportation and miscellaneous fees.
(4) Loan: Taxes payable-VAT payable (output tax).
(5) Loans: bank deposits/other payables/accounts payable.
(6) Loan: Taxes payable-VAT payable (output tax).