How to do the accounting entries of the property company reselling water and electricity charges?

The resale of water and electricity charges by property companies can directly handle the income, while the purchased water and electricity charges are handled according to the cost, each doing its own thing, forming costs and income. Specific accounting treatment is as follows:

When purchasing utilities,

Borrow: main business cost-utilities,

Loans: bank deposits,

When the water and electricity bills were resold,

Borrow: bank deposit or cash on hand,

Loan: main business income-public utilities,

Taxes payable-VAT payable.