Current location - Loan Platform Complete Network - Local tax - Excuse me, how to record the approved collection of value-added tax? When selling, does the lender need to withdraw the payable value-added tax? Or is tax included in income?
Excuse me, how to record the approved collection of value-added tax? When selling, does the lender need to withdraw the payable value-added tax? Or is tax included in income?
How to enter the account in the approved collection of value-added tax

Debit: bank deposit (or cash on hand, accounts receivable, etc.)

Loan: income from main business

Taxes payable-VAT payable

pay

Borrow: Taxes payable-VAT payable

Loans: bank deposits

VAT payable needs to be accounted for separately. VAT is not called accrual.

Not all prices including tax are recorded in income. VAT needs to be accounted for separately.