Borrow: Cash on hand or bank deposit.
Credit: accounts received in advance
The goods pre-sold by the enterprise have been issued, but the income has not been carried forward. If the commodity is issued this year, the following accounting treatment shall be carried out:
Debit: accounts received in advance
Loan: income from main business
Taxes payable-VAT payable (output tax)
Debit: main business cost
Loans: Goods in stock
Borrow: Taxes payable-VAT payable (taxes paid)
Loans: bank deposits
If the goods were sent in the previous year, the following treatment should be carried out:
Debit: accounts received in advance
Credit: adjustment of profit and loss in previous years
Taxes payable-VAT payable (output tax)
Debit: previous year's profit and loss adjustment
Loans: Goods in stock
Borrow: Taxes payable-VAT payable (taxes paid)
Loans: bank deposits
The above treatment should be adjusted retrospectively, and the statements of each period should be adjusted.
Article 63 of the Tax Administration Law of People's Republic of China (PRC) * * * Taxpayers who forge, alter, conceal or destroy account books and vouchers without authorization, or overstate expenditures or omit income in account books, and refuse to declare or make false tax returns after being notified by the tax authorities, are tax evaders.
If a taxpayer evades taxes, the tax authorities shall recover the unpaid or underpaid taxes and late fees, and impose a fine of not less than 50% but not more than five times the unpaid or underpaid taxes; If a crime is constituted, criminal responsibility shall be investigated according to law.
Extended data:
Advance payment is a kind of liability that the buyer and the seller agree to pay part of the payment to the supplier in advance.
1, duality of "accounts received in advance".
When an enterprise receives an advance payment, it shall be credited to the "advance payment" first, and the item shall be listed as a liability at this time; When an enterprise issues goods, it shall be included in the debit of "advance payment" according to the total price tax. Because the advance payment will be less than the actual price tax, the balance of "advance payment" after the enterprise issues the goods is generally a debit, which is essentially the nature of accounts receivable, equivalent to "accounts receivable".
When presenting at the end of the period, the "accounts received in advance" at the end of the period should be included in accounts receivable if it is a debit balance, and should be included in accounts received in advance if it is a credit balance. If the enterprise does not have a large number of accounts receivable business in advance, it can be replaced by "accounts receivable", and its presentation method is equivalent.
2. Presentation method of "accounts received in advance"
According to the sum of debit balances of accounts receivable and advance receipts sub-ledger, it is recorded in accounts receivable, and according to the sum of credit balances of sub-ledger, it is recorded in advance receipts.
Enterprises with less advance payment business can directly credit the advance payment to "accounts receivable" without setting up this subject separately. When using this course, we should pay attention to the relationship with "accounts receivable". The similarity between advance payment and accounts receivable lies in:
Both of them are the money that enterprises should collect from shopping units or labor service receiving units for selling goods, products and providing labor services. The difference is that accounts receivable in advance belong to the nature of first collection, accounts receivable belong to the nature of first delivery or first provision of labor services, and accounts receivable belong to the nature of debt.
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