Liabilities such as accounts payable (including other payables) that cannot be paid or no longer need to be paid according to the provisions of the tax law for more than three years should be transferred to increase the non-operating income of the enterprise and pay enterprise income tax. Therefore, enterprises should pay attention to the monthly balance of other payables of the company. Money that doesn't need to be paid should be disposed of in time. Reduce tax-related risks.
Extended data:
In case of various payables, temporary receipts or refunds, the enterprise shall debit "bank deposits" and "management fees" and credit "other payables"; When making relevant payments, debit the account of "other payables" and credit the account of "bank deposit".
The funds transferred by the enterprise through after-sale repurchase shall be debited to the subject of "bank deposit" and credited to the subject according to the actual amount received. The difference between the repurchase price and the original sales price shall be accrued with interest expenses on schedule during the after-sale repurchase period, debited to the subject of "financial expenses" and credited to this subject.
When buying back the goods as agreed in the contract, the account shall be debited according to the actual amount paid and credited to the account of "bank deposit".
Enterprises should set up "other accounts payable" account for accounting. This course is a liability course. Lenders register various payables and temporary receipts, and borrowers register various payables and temporary receipts for repayment or write-off. The balance at the end of the month is in the credit, indicating the cash balance payable and temporary receipts of the enterprise. This course should be set up according to the categories of payables and temporary receipts.
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