If the company has implemented the new accounting standards, select the entry:

Borrow: business tax and surcharges

Loan: Taxes payable-Local education surcharge

If the company has not implemented the new accounting standards, select the entry:

Borrow: main business taxes and surcharges

Loans: other payables-local education surcharge Local education surcharge belongs to government funds and is specially used for the development of education.

Accounting standards are the basic principles that accountants must follow in accounting work and the norms of accounting work. It refers to the specific accounting treatment of economic business to guide and standardize enterprise accounting and ensure the quality of accounting information.

Accounting standards are the rules and guidelines for accountants to engage in accounting work. According to the business nature of their employers, accounting standards can be divided into profit-making organizations and non-profit organizations.

Accounting standards are a set of documents that regulate accounting and accounting reports. Its purpose is to establish accounting treatment on a fair and reasonable basis, and to make it possible to compare accounting results between different periods and different entities. According to the business nature of their employers, accounting standards can be divided into profit-making organizations and non-profit organizations.

Resources Baidu Encyclopedia. Accounting standards