Additional accounting entries for accrued education expenses

Borrow: taxes and surcharges

Loan: tax payable-surcharge for education payable

-Should be turned over to the local education surcharge.

When actually paid:

Borrow: taxes payable-education surcharge payable

-Should be turned over to the local education surcharge.

Loans: bank deposits

Profits carried forward from the end of the period to this year

Debit: this year's profit

Credits: taxes and surcharges

Education tax and additional calculation:

Education tax and surcharge = (consumption tax+value-added tax) * tax rate. In fact, the more formal term of education tax and surcharge here is "education surcharge"

The consumption tax and value-added tax here are the amount actually paid by the enterprise, not the amount payable. And the tax rate is the proportional tax rate. According to relevant laws and regulations, the additional tax rate for education fees is 3%.

For example, xx Finance and Taxation Company actually paid VAT of 880 in February 2002/KLOC-0, then education tax and surcharge =880*3%=26.4.