The accounting entry for the receipt of donations is, borrow: bank deposits, credit: non-operating income - donations. Donation of cash, bank deposits and other external donations: borrow: non-operating expenses, credit: cash on hand / bank deposits. Donation of goods to external parties: Debit: Non-operating Expenses, Credit: Inventory Goods. Taxes payable - VAT payable (output tax).
How to write accounting entries:
1. When you have time, you can memorize more accounting entries or write more, so that you can write accounting entries. This is very important
2. Then we have to figure out a variety of classifications, asset class, liability class, owner's equity class these should be understood,
3. The next thing is to know which is a debit increase credit decrease, which is a debit decrease credit increase. Usually the asset class is borrowed to increase or decrease, liability class, owner's equity class is borrowed to decrease or increase. But there are some exceptions, such as accumulated depreciation.
4. To learn the use of formulas, the most basic and the need to derive formulas, we need to figure out the principle of the use of the handy.
5. The next step is to be able to analyze, a topic in front of you, you have to analyze this involves what subjects, belong to what type, is an increase or decrease, if it is an asset class and increase, debit, and so on.
6. Finally, do not forget to check, according to "there must be a loan, debit and credit must be equal" to check whether you write the accounting entries have debit and credit, whether the amount of money is equal, not equal to the error, to re-check and then write.
Before the accounts, the preparation of accounting entries through the vouchers, brokerage business can be categorized at a glance, the correct recording of the account is guaranteed, and it is easier to check afterwards. Each accounting entry consists mainly of a bookkeeping symbol, the name of the account in question, a summary and the amount.