1, foreign donations of expenditure:
Borrow: non-operating expenditures - donation expenditures
Loan: cash on hand (or bank deposits)
2, receiving donations:
Borrow: cash on hand ( or bank deposits), fixed assets, intangible assets, raw materials, etc.
Loan: Non-operating Income - Donation Profit
3. If the business of the enterprise is the production of medical supplies:
Borrow: Non-operating Expenses
Credit: Inventory goods
The enterprise's public welfare donation is a tax-exempt project, no tax. If the input tax credit has occurred previously, you need to transfer the VAT input tax for processing.