Equipment maintenance costs are charged to the following subjects:
When expenses are incurred, they are charged to "administrative expenses", and the accounting entry is, debit: administrative expenses. Workshop equipment repair costs are mainly to maintain the normal operation and use of fixed assets, when the expenditure is charged to the "administrative expenses" account, the accounting entry is, debit: administrative expenses.
Labor insurance premiums: Retired workers' pensions, price subsidies, medical expenses (including retirees to participate in the medical insurance fund), home expenses, employee severance pay, funeral subsidies for the death of the employee, pension payments, the provisions of the funds paid to retired cadres, and the implementation of the Social Coordination Fund; standby insurance premiums refers to the enterprise in accordance with the national regulations to pay the standby insurance fund. The non-employment insurance premium refers to the non-employment insurance fund paid by the enterprises in accordance with the state regulations.
Board of Directors' Dues: refers to the expenses incurred by the supreme authority of the enterprise and its members for the performance of their functions, including travel expenses and meeting expenses.
Other expenses: The original tax law (repealed on January 1, 2008) stipulates that: business hospitality expenses incurred by an enterprise that are directly related to production and operation, and for which the taxpayer is able to provide true and effective vouchers or information, shall be allowed to be expensed as an expense within the following limitations, and any portion in excess of the standard shall not be deducted before tax: the annual net sales (operating) revenue of 15 million yuan and below, shall not exceed 5 per cent of the net sales (business).
Annual net sales (business) more than 15 million yuan, may not exceed the part of the net sales of 3 per cent. The current tax law: the implementation of the regulations in Article 43 clearly stipulates that enterprises incur business entertainment expenses related to production and business activities, in accordance with the amount of 60% deduction, but the maximum shall not exceed the current year's sales (operating) income of 5 ‰. Sales (business) income includes the main business income and other business income.