Accounting entries for medical supplies during an epidemic

Protective supplies during the epidemic accounting entries, should distinguish between the purchase and donation of two cases. Enterprises to buy protective equipment, according to the use of the department, should be included in the corresponding profit and loss account, the second level of detailed accounts for labor protection costs; enterprises to donate protective equipment, through the "non-operating expenditures - donations expenditure" account for accounting.

During the epidemic, the enterprise purchased protective supplies, the accounting entries are:

Borrow: administrative expenses - labor protection fees, etc. (according to the use of the department to determine the relevant subjects)

Taxes payable - VAT payable ( input tax)

credit: bank deposits

During the epidemic, the enterprise donated protective supplies, the accounting entries are:

borrow: non-operating expenditure - donation expenditure

credit: inventory goods

Taxes and charges payable- -VAT payable (output tax)