Sales rebate how to do accounting

1, pay the sales rebate party:

Borrow: selling expenses,

Credit: inventory goods,

Taxes payable - payable VAT (output tax).

At the end of the period, tax adjustments are made for the donated goods.

2, received sales rebate party:

Received in-kind sales rebate party to reduce the cost of inventory:

(1) If the supplier issued VAT invoices, then the accounting entries:

Borrow: Inventory,

Taxes payable - payable value-added tax (output tax),

Credit: Cost of main business. : Cost of Main Business.

(2) If no VAT invoice is issued, the accounting entries:

Borrow: Inventory goods,

Credit: Cost of main business.