The accounting for the income from the rental of houses received is,

Debit: bank deposit

Loan: other business income

Taxes payable-VAT payable (output tax)

Or tax payable-VAT payable (small-scale taxpayers)

Other individuals rent real estate in the form of one-time rent collection, and the rental income obtained can be equally shared and confirmed during the lease period corresponding to the rent, and the value-added tax can be calculated and paid; In addition, taxpayers who provide rental services and collect rent in one lump sum shall pay value-added tax in one lump sum on the day of receiving the advance payment.

How to deal with the accounting entries of selling real estate?

Clean up fixed assets

Borrow: clearing of fixed assets

accumulated depreciation

Impairment of fixed assets

Loan: fixed assets

Pay the cleaning fee

Borrow: clearing of fixed assets

Loan: bank deposit

sell

Debit: accounts receivable/bank deposits

Loan: Fixed assets liquidation

pay taxes

Borrow: clearing of fixed assets

Loan: Taxes payable-VAT payable (output tax)

Profit and loss carry-over

Net loss:

Debit: gains and losses from asset disposal

Loan: Fixed assets liquidation

Net income:

Borrow: clearing of fixed assets

Loan: gains and losses from asset disposal

Asset disposal gains and losses refer to the gains and losses arising from the disposal of enterprise assets. Here, it should be noted that the gains or losses arising from the disposal of financial instruments, long-term equity investment and investment real estate, as well as the disposal of fixed assets, projects under construction, productive biological assets and intangible assets that are not classified as held for sale are not included. Only the gains or losses arising from the disposal of non-current assets classified as held for sale when the enterprise sells or disposes, and the gains or losses arising from the exchange and disposal of non-monetary assets in debt restructuring are included in asset disposal.

How do small-scale taxpayers make accounting entries for renting real estate?