Accounting entries for additions and deductions:
1. Calculate the amount of deductible inputs and additions and deductions for the current period:
(1) The amount of additions and deductions that can be made on the basis of deductible inputs for the current period of time in which they occur.
Borrow: fixed assets / raw materials and other subjects
Taxes payable - VAT payable - input tax
Taxes payable - VAT payable - to be deductible inputs plus credits
Credit: bank deposits < /p>
(2) Non-deductible input tax incurred in the current period is transferred out of the input at the end of the period.
Borrow: the cost of main business / cost of goods sold and other accounts
Credit: Taxes payable - VAT payable - input tax transfer
Taxes payable - VAT payable - to be offset by input credits
2、When the current input tax credit is offset against the taxable amount:
Borrow: Taxes and fees payable-VAT payable-Input tax credit
Credit: Taxes and fees payable-VAT payable-Input tax credit to be offset
3, When the preference expires, if there is still a balance of input plus credit:
Borrow: main business cost
Loan: tax payable-VAT payable-items to be offset
Tax payable account:
Tax payable refers to the following The various taxes and fees payable by an enterprise based on the operating income and realized profits in a certain period of time, which are accrued in accordance with the provisions of the current tax law using a certain method of tax calculation.
Taxes and fees payable include value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax, urban maintenance and construction tax, property tax, land use tax, vehicle and vessel tax, education surcharge and other taxes paid by enterprises in accordance with the law, as well as personal income tax collected by enterprises on behalf of the state before payment.