What is the difference between ordinary taxpayers and small-scale taxpayers in commercial liquor stores? (Huizhou, Guangdong) - Loan Platform Complete Network

What is the difference between ordinary taxpayers and small-scale taxpayers in commercial liquor stores? (Huizhou, Guangdong)

It's a little different to keep accounts only with VAT payable. The subjects haven't changed, everything else is the same.

Small-scale taxpayers,

Debit: accounts receivable

Loan: income from main business

Taxes payable-VAT payable

General taxpayer,

Borrow: inventory goods

Taxes payable-VAT payable (input tax)

Loan: Accounts payable or bank deposit.

Debit: accounts receivable

Loan: income from main business

Taxes payable-VAT payable (output tax)

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