How to write accounting entries for foreign investment

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How to write accounting entries for foreign investment

When an enterprise invests abroad, it should be included in the "long-term equity investment" account for accounting. However, when different assets are used for external investment, the credit account of the accounting entry will be different. How to prepare specific accounting entries?

Accounting entries for foreign investment

1. Accounting entry of external investment with cash

Debit: long-term equity investment

Credit: bank deposit

2. External investment with inventory (invested inventory shall be regarded as sales)

Debit: long-term equity investment

Credit: main business income

Tax payable - VAT payable (output tax)

Debit: main business cost

Credit: inventory goods

3. Foreign investment with fixed assets

(1) First clean up the fixed assets for external investment

Debit: disposal of fixed assets

Accumulated depreciation

Credit: fixed assets

(2) When clearing costs occur

Debit: disposal of fixed assets

Credit: bank deposit/cash on hand

(3) When investing fixed assets

Debit: long-term equity investment

Credit: disposal of fixed assets

(4) When profit or loss occurs

① When there is surplus

Debit: disposal of fixed assets

Credit: non operating income

② In case of loss

Debit: Non operating expenses

Credit: disposal of fixed assets

4. Foreign investment with intangible assets

① When there is surplus in foreign investment at the appraisal price confirmed by both parties

Debit: long-term equity investment

Accumulated amortization

Credit: intangible assets (original value)

Non operating income

② When losses occur in foreign investment at the appraisal price confirmed by both parties

Debit: long-term equity investment (the evaluation price confirmed by both parties shall be used for external investment)

Accumulated amortization

Non operating expenses

Credit: intangible assets (original value)

What is long-term equity investment?

Long term equity investment refers to obtaining the shares of the invested entity through investment. An enterprise's equity investment in other entities is usually regarded as long-term holding, and it can control the invested entity through equity investment, or exert significant influence on the invested entity, or establish close relationship with the invested entity to diversify business risks.

be neither humble nor pushy 2024-06-10 17:21:35

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4. Su Shi: Zizhan, Yihezhong, Tieguan Taoist, Dongpo Buddhist, known as Su Dongpo, Su Xian, Po Xian, Han nationality, Meishan (now Meishan City, Sichuan Province), native of Luancheng, Hebei Province, Northern Song Dynasty litterateur, calligrapher, gourmet, painter, historical water control celebrities.
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