Introduction: There is no industry distinction in the entry itself, and how to do the entry must be specific to the business and business. Today, Xiaobian will bring you to the accounting branch of the retail business. Record the practice, please read this article carefully, find the answer from the article!
Accounting entries for retail business deposits
Accounting entries for the retail wholesale industry:
Accounting entries in the retail and wholesale industry are more annoying. The valuation of inventory goods and the cost of sales are carried forward. It is recommended that you use the purchase price to calculate the price of the inventory goods, and when you sell the goods, open a small ticket or register the sales schedule. Check the income of the income according to the small ticket opened every day. At the end of the month, multiply the actual sales quantity by the unit price to calculate the carry-over cost. In this way, the cost is accurate and the loopholes can be discovered in time.
How to make an entry for retail sales:
First, sales entry
1. Sales receive cash
Loan: Main business income
Taxes payable–VAT payable (output tax)
2. Sales receive bank deposits
borrowed: bank deposits
credit: main business income
taxes payable–value-added tax (output tax) )
Second, if your unit is a commercial enterprise , usually only involves VAT, does not involve consumption tax (except for gold and silver handcuffs);
If your unit is a production enterprise, in addition to the VAT payable, it may also involve consumption tax. Tax, in the main business income, at the same time, the price tax is separated to calculate the VAT output tax.
Third, the income breakdown account problem, to set up a secondary account in the store, set the three varieties Level account.
How the retail industry can do accounting entries:
1 Small-scale taxpayers should make entries: Borrow: Stock goods Loans: Bank deposits (or accounts payable, etc.) 2 General taxpayers should make entries: Borrow: Taxes on stocks should be taxed – VAT (input tax) Loans: bank deposits (or accounts payable)