Debtor's debt restructuring income is included in non-operating income:
Someone summed it up like this: "Other income accounting is related to the daily business activities of enterprises, rather than the inflow of economic benefits in the accounting of operating income items". Personally, I think this is more accurate, but it is still not perfect. At present, the contents of this account mainly include the following aspects:
1, partial government subsidies
When government subsidies are accounted by the gross method, this account accounts for government subsidies related to the regular business activities of enterprises. When enterprises receive government subsidies, they are included in deferred revenue first, and then transferred to other income from deferred revenue.
There's nothing to say about this. This course was originally set up for accounting government subsidies. It should be noted that not all government subsidies are accounted for by this account, and the government that has nothing to do with the daily business activities of enterprises does not pass this account.
2, tax accounting
1) Tax preference or reduction, accounting for the value-added tax actually received by the enterprise's "other income", that is, the value-added tax that can be refunded immediately after tax payment, or the value-added tax that can be directly reduced or reduced. The amount of credit reflects the value-added tax actually received or directly reduced. At the end of the period, the borrower shall carry it over to the "profit of this year" account, and there shall be no balance in this account after carrying it over.
2) Value-added tax and tax deduction for production and living services: When the value-added tax for production and living services is actually paid, the payable tax-unpaid value-added tax is debited, credited to the bank deposit according to the actually paid tax, and other income is credited according to the tax deduction.
3) Purchase of tax-controlled equipment and technical maintenance fee: The tax-controlled equipment purchased for the first time and the annual tax-controlled technical maintenance fee can be fully deducted from the value-added tax. According to the actual deduction of value-added tax, you can debit "tax payable-unpaid value-added tax" and other subjects, and credit "other income" subjects.
4) Handling fee for withholding and remitting personal income tax: The handling fee for withholding and remitting personal income tax received by the enterprise according to the provisions of the Individual Income Tax Law of People's Republic of China (PRC) shall be accounted for as other income related to regular activities through the "Other Income" account.