Make up the accounting entries of last year's VAT.
First, the normal payment of value-added tax this year, accounting entries:
Borrow: Taxes payable-VAT payable
Credit: bank deposit/cash on hand.
Two, the previous annual audit to pay, check and supplement the value-added tax accounting entries:
1, accrual
Debit: adjustment of profit and loss in previous years
Loan: Taxes payable-VAT inspection and adjustment
2. Check, fill and transfer out
Borrow: Taxes payable-VAT inspection and adjustment
Loan: taxes payable-unpaid value-added tax
3. Pay VAT.
Borrow: taxes payable-unpaid value-added tax
Loan: bank deposit
4. Carry-forward profit and loss adjustment
Borrow: profit distribution-undistributed profit
Credit: adjustment of profit and loss in previous years
What is the previous annual profit and loss adjustment?
The adjustment of profit and loss in previous years is the correction of major errors in previous years' financial statements. This kind of error includes calculation error, accounting entry error and omission.
This subject belongs to the profit and loss category, and the profit and loss category is mainly used to calculate the profit of this year. The profit and loss adjustment of previous years shall be reported in the statement of retained earnings (or statement of shareholders' equity) and listed as the net impact after tax. For events that occurred before the reporting period, the profit and loss adjustment of previous years will change the opening balance of retained earnings.
What is the profit distribution?
Profit distribution refers to the distribution between the state and enterprises, enterprises and enterprises in a certain period (usually annual) of the total profits realized by enterprises and the profits obtained from joint ventures.