Input tax deduction accounting entries

Just enter the account normally,

Debit: related costs and expenses, inventory account,

Borrow: taxes payable-value-added tax payable (input tax),

Loans: accounts payable, bank deposits and cash on hand. The deduction cannot be calculated normally,

(1) Current month's output-(input in the current period+retained in the previous period), if it is greater than 0, the part greater than 0 will be carried forward to the unpaid value-added tax in this month, that is, the value-added tax payable. 1, carry forward:

Borrow: Taxes payable-VAT payable (VAT transferred out),

Loan: taxes payable-unpaid value-added tax;

When paying taxes,

Debit: tax payable-unpaid VAT,

Loan: bank deposit.

If it is less than 0, it can be left untreated temporarily.

(2) At the end of the year, electronic accounts are generally used for reverse hedging. If the tax is paid at the end of the year, after hedging, the balance of tax payable-VAT payable is 0. If there is a tax exemption, the input tax exemption and the amount of tax reduction and exemption that has not been deducted shall be retained.