Borrow: bank deposit (or cash)
Loan: non-operating income
If a fine is paid, the non-operating expenses shall be dealt with first, and the tax amount shall be adjusted when the year-end income tax is settled:
Borrow: non-operating expenses
Loan: bank deposit (or cash)
Year-end tax adjustment:
Debit: this year's profit
Loans: non-operating expenses
Extended data:
No matter whether the fine is in the form of money or the product replaces the fine, this kind of fine loss belongs to non-operating expenses in accounting treatment. Replacing the fine with the product should be regarded as sales and paying VAT.
If the cost price of this batch of products is B, the average selling price is A:
Debit: non-operating expenditure B+A* 17%
Credit: finished product b
Taxes payable-VAT payable (output tax) A* 17%
References:
Baidu Encyclopedia-OK
Baidu encyclopedia-accounting