Accrued Corporate Income Tax Debit: Income Tax Credit: Taxes Payable – Corporate Income Tax 7.
Carryover of project construction: Debit: Main business cost loan: Contract performance cost 3.
Debit: Administrative expenses, etc.
Sales Expenses Debit: Sales Expenses – Advertising Expenses, etc.
Use Surplus Reserve Loss Debit: Surplus Reserve – Making up Loss Credit: Profit Distribution – Surplus Reserve Making up Loss 6.
Credit: Cash on Hand/Bank Deposit 3.
Debit: Administrative Expenses – Transportation Expenses Loan: Cash on Hand/Bank Deposit (9) Labor Protection Expenses: Refers to the expenses for labor protection supplies, heatstroke prevention, health drinks and food (including purchased mineral water), and labor protection publicity paid to employees in accordance with the specified standards and scope.
Pay Profit Distribution Debit: Dividend Payable/Profit Credit: Bank Deposit 5.
Accrued Additional Taxes Debit: Taxes and Additional Loans: Taxes Payable – Urban Construction Tax/Water Resources Fund/Education Surcharge 6.
– Depreciation costs Credit: Accumulated depreciation (4) Repair costs: Repair costs for fixed assets used by administrative departments.
Debit: Administrative Expenses – Machinery and Materials Expenses Credit: Cash on Hand/Bank Deposit/Materials/Low Value Consumables (7) Water and Electricity Expenses: Expenses paid by administrative departments for consumption of water, electricity, lighting materials, etc.
Debit: Administrative Expenses – Office Expenses Credit: Cash on Hand/Bank Deposit (3) Depreciation Expense: refers to the depreciation expense of various fixed assets (including fixed assets of cultural, educational, health, and welfare departments) disbursed by the administrative department according to regulations.
Debit: Administrative Expenses – Labor Insurance Expenses Credit: Cash on Hand/Bank Deposit (10) Rental Fees: Refers to the rents for various fixed assets and appliances leased from outside used by the administrative department, which are listed in the management expenses according to regulations.
Year-end carryover 1 Year-end profit carried forward for the current year: Debit: Profit for the current year Credit: Profit distribution – undistributed profit 2.
1、 Administrative expenses (VAT omitted, VAT entries separately) (1) Management salaries: refer to the salaries of personnel in the administrative department of the enterprise, such as management personnel, which are accrued at the end of the previous month.
Engineering Construction Debit: Contract Performance Cost – Engineering Construction – Material Cost/Labor Cost/Other Direct Expenses (Calculated by Project) Credit: Cash on Hand/Bank Deposit 4 Main Business Income Debit: Bank Deposit/Accounts Receivable/Contract Settlement Loan: Main Business Income – Owner Borrow: Main Business Cost Loan: Contract Performance Cost 5.
Debit: Management Expenses – Business Entertainment Expenses Credit: Cash on Hand/Bank Deposit (6) Warehouse Expenses: Refers to the materials, tools, spare parts, and other expenses consumed by the enterprise’s materials, semi-finished products, and finished product warehouses for safekeeping, sorting, and other work.
Use Surplus Reserve to Increase Capital Debit: Surplus Reserve – Transferring to Increase Capital Credit: Paid-in Capital – Surplus Reserve Transferred to the above entries are listed in general terms, For learning reference only, specific situations require specific analysis.
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Month End Carry-forward: 1 Project income carryover: Debit: Main business income loan: Profit of the current year 2.
Debit: Administrative Expenses – Other Credits: Cash on Hand/Bank Deposit 2.
Debit: management expenses – rental fees Credit: cash on hand/bank deposits/long-term unamortized expenses (11) gasoline fees, telephone fees, business promotion fees (advertising), etc.
Debit: Management expenses – Management salaries credit: Employee salaries payable – Salaries paid this month.
Project cost carryover: Debit: Profit of the current year loan: Main business cost 4.
Expense carryover: Debit: Profit of the current year loan: Administrative expenses/sales expenses/financial expenses 8.
Withdrawal of provident fund Public welfare fund (1) Withdrawal of statutory surplus reserve Debit: Profit distribution – Withdrawal of statutory surplus reserve Credit: Surplus reserve – Statutory surplus reserve Debit: Profit distribution – Undistributed profit Credit: Profit distribution – Withdrawal of statutory surplus reserve (2) Withdrawal of discretionary surplus reserves Debit: Profit distribution – Withdrawal of discretionary surplus reserves Credit: Surplus reserves – Withdrawal of discretionary surplus reserves Debit: Profit distribution – Undistributed profits Credit: Surplus reserves – Withdrawal of discretionary surplus reserves (3) Withdrawal of public welfare funds Debit: Profit distribution – Withdrawal of public welfare funds (Withdrawal ratio: 5% to 10%) Credit: Surplus reserves – Public welfare funds Debit: Profit distribution – Undistributed profits Credit: Profit distribution – Withdrawal of public welfare funds 3 Conduct profit distribution Debit: Profit Distribution – Dividend Payable/Profit Credit: Dividend Payable/Profit 4.
Debit: Administrative expenses – vehicle usage fees/communication fees/business promotion fees Credit: cash on hand/bank deposits (12) Other expenses: refers to other sporadic administrative expenses that do not belong to the above items.
Debit: Management Expenses – Repair Expenses Credit: Cash on Hand/Bank Deposit (5) Business Entertainment Expenses: Expenses paid by the department to which the enterprise belongs for the reasonable needs of its business operations.
Debit: Administrative Expenses – Water and Electricity Expenses Loan: Cash on Hand/Bank Deposit (8) Employee Transportation Expenses: Urban transportation subsidies paid to employees in accordance with the scope and standards specified by local regulations, transportation expenses such as gasoline and road maintenance fees used for factory owned cars and employee private cars to serve employees’ commuting, and travel expenses for employee family visits.
(2) Office expenses: refer to stationery Office expenses such as office supplies; Publicity funds for the political and industrial departments include prescribed expenses for newspaper subscriptions, factory newspaper editing and printing, and manuscript fees.
Debit: Employee salaries payable – Salaries credit: Cash on hand/Bank deposits.
