Accounting entries in education and training industry
Debit: bank deposit
Loan: income from main business
Taxes payable-VAT payable (output tax)
How to understand the main business income?
Main business income refers to the operating income obtained by enterprises engaged in production and business activities in this industry. The subject of "main business income" is used to calculate the income generated by enterprises in their daily activities such as selling goods and providing services. Under the subject of "main business income", a subsidiary ledger should be set up according to the main business category for detailed accounting. This account should have no balance.
How to understand bank deposits?
Bank deposit is the currency deposited in the bank, and it is an integral part of monetary funds. Bank deposit accounts are divided into basic deposit account, general deposit accounts, temporary deposit accounts and special deposit accounts. Basic deposit account refers to the account where an enterprise handles daily transfer settlement and cash receipt and payment. In order to account for and reflect the various deposits deposited by enterprises in banks or other financial institutions, the enterprise accounting system stipulates that
bank deposit
For subjects, the debit reflects the increase of enterprise deposits, the credit reflects the decrease of enterprise deposits, and the debit balance at the end of the period reflects the balance of enterprise deposits.
How to understand the tax payable?
Enterprises should generally reflect the payment of various taxes and fees through the subject of "taxes payable", and make detailed accounting according to the items of taxes and fees payable. All kinds of taxes and fees payable by the credit registration of this course, all kinds of taxes and fees paid by the debit registration, and the final credit balance reflects the taxes and fees that have not been paid; At the end of the period, if the debit balance reflects overpayment or tax deduction.