1. When you receive the project payment, you need to invoice the other party.
2. When the other party buys a house for you and collects your house payment, you need to issue an invoice for the sale of real estate.
3. Only these two processes are payment methods. "There is no money for both", but the two lines of revenue and expenditure are clear.
4. Debit: fixed assets-houses
Creditor: main business income-project payment
5. Pay the business tax to be paid for the project.
Accounting entry exercise:
1. Debit: bank deposit
Loan: advance payment-house payment-* * *
2. The real estate enterprise collects the pre-sale house payment, but because it does not meet the income recognition conditions (the risk reward has not been transferred), the accountant will not recognize the income, but the tax law regards this behavior as sales, business tax and enterprise income tax in advance. Therefore, the advance payment for the sale of real estate should be accounted for according to the provisions of accounting and tax laws:
The real estate enterprise collects the pre-sale house payment (at this time, a receipt can be given to the customer):
Debit: bank deposit
Credit: accounts received in advance
Final tax calculation:
Borrow: tax payable-business tax payable, etc.
Loans: bank deposits
When the customer receives all the house payment, the accountant confirms the income (at this time, the customer can be invoiced).
Debit: bank deposit
Debit: accounts received in advance
Borrow: business tax and surcharges
Loan: income from main business
Loan: taxes payable-business tax payable, etc. (At this time, the tax is offset)
Transfer costs at the same time
Debit: main business cost
Loans: developing products
The recognition of accounting income is not based on the issuance of invoices. The tax bureau should not be in charge of the time and method of accounting recognition, but should only be responsible for whether the enterprise pays taxes in full and on time according to the requirements of the tax law.