Accounting treatment of foreign exchange income and value-added tax

1, existing tax problems and account adjustment

(1) The goods were stolen in transit and the input tax was not transferred out.

Reconciliation entry:

Debit: gains and losses of pending property-gains and losses of pending current assets 7933.33

Loan: low-value consumables 6793

Taxes payable-VAT payable (transfer-out input tax) 1 140.33

(2) The input tax is not calculated at 10% for the acquisition of waste materials sold by waste materials recycling units.

Reconciliation entry:

Debit: Taxes payable-VAT payable (input tax) 780

Loan: packaging 780

(3) advertising samples should be regarded as sales, not to mention the output tax and consumption tax.

Reconciliation entry:

Debit: product sales expense 13 1 10.33.

Loan: Taxes payable-VAT payable (output tax) 13 1 10.33

Debit: product sales expense 19369.57

Loan: taxes payable-consumption tax payable 19369.57

(4) Sales of self-use motor vehicles subject to consumption tax shall be exempted from value-added tax if the price does not exceed the original value.

Reconciliation entry:

Debit: Taxes payable-unpaid VAT 400

Loans: Liquidation of Fixed Assets 400

(5) The high consumption tax rate is not applicable to packaging sales.

Reconciliation entry:

Debit: main business taxes and surcharges 17680

Loan: taxes payable-consumption tax payable 17680

(6) Sales of defective products did not mention VAT output tax and consumption tax.

Reconciliation entry:

Borrow: production cost 1 1700.

Loan: main business income 10000.

Taxes payable-VAT payable (output tax) 1700

Borrow: main business tax and additional 3000 yuan.

Loan: taxes payable-consumption tax payable 3000.

(7) The reception of customers' consumption by the sales department of the business restaurant is regarded as sales behavior, and business tax is not mentioned. Account reconciliation entry:

Debit: product sales expenses 375

Loan: Taxes payable-Business tax payable 375

(8) Confiscation of the deposit for renting the packaging of skin care and hair care products, and no VAT output tax and consumption tax.

Reconciliation entry:

Debit: other business income 1700

Loan: Taxes payable-VAT payable (output tax) 1700

Debit: Other business expenses 800

Loan: taxes payable-consumption tax payable 800.

2. Calculate the turnover tax payable.

(1) Supplementary VAT =1140.33-780+1310.33-400+1700+65438 = 65400.

(2) Supplementary consumption tax =19369.57+17680+3000+800.

=40849.57