What is the accounting entry of input tax transfer out
"Input tax transfer out" refers to the transfer out of the amount of input tax that can not be deducted according to the tax law, but has been deducted at the time of purchase. In terms of the amount, it is one input and one output, and the input and output are equal. How to write the relevant accounting entries?
Accounting entry of input tax transfer out
1. Goods used for collective welfare and personal consumption:
Debit: payroll payable - employee welfare
Credit: raw materials
? ? ? Tax payable - VAT payable (input tax transferred out)
2. Abnormal loss of goods:
Debit: loss and surplus of property to be disposed - loss of current assets to be disposed
Credit: inventory goods
? ? ? Tax payable - VAT payable (input tax transferred out)
3. Taxpayers apply the general tax calculation method to concurrently engage in simple tax calculation items and tax exempt items:
Debit: management expenses
Credit: tax payable - VAT payable (input tax transferred out)
4. Transfer out of input tax payable on fixed assets and intangible assets:
Debit: fixed assets
Credit: tax payable - VAT payable (input tax transferred out)
5. Real estate acquired that cannot deduct input tax:
Debit: fixed assets
Credit: tax payable - VAT payable (input tax transferred out)
6. Sales allowance, suspension or return by the buyer:
Debit: bank deposit
Credit: long-term deferred expenses
? ? ? Tax payable - VAT payable (input tax transferred out)
What is long-term deferred expenses?
Long term unamortized expenses refer to various expenses that have been paid by the enterprise but have an amortization period of more than one year. Long term deferred expenses cannot be fully included in the current profit and loss accounting, but should be amortized in subsequent years. Long term deferred expenses include reconstruction expenses of fixed assets that have been fully depreciated; Reconstruction expenses of leased fixed assets; Overhaul expenditure of fixed assets; Other expenses that should be regarded as long-term deferred expenses.