Accounting entries of property company collecting water and electricity charges

The collection and payment of utilities by property companies should be included in the subject of "other receivables" and set up the secondary subject of "collecting utilities".

1. When collecting money: debit: cash on hand: other receivables-collecting water and electricity charges.

When handed over to the electric power bureau: borrow: other receivables-collect utilities: cash on hand.

2. Some accounting entries in advance:

When collecting money (debit: cash loan: other receivables-collecting water and electricity fees)

After the electricity fee is paid, the part received in advance will be offset by the owner's electricity fee (debit: other receivables-water and electricity fee collection loan: cash).

Data expansion:

1. Water fee refers to the fees paid by water users and individuals who use water supply projects to water supply units. It is the development trend of modern legislation to stipulate the collection of water charges. The water laws of many countries implement the system of charging water fees for all or part of the water.

2. 1985, China promulgated the "Administrative Measures for the Approved Collection of Water Fees for Water Conservancy Projects", which made specific provisions on the purpose of water fee collection, the principle of approved water fee standards, the collection, use and management of water fees.

3. The Water Law also stipulates that water supplied by water supply projects shall be paid to water supply units in accordance with regulations. The purpose of collecting water charges is to make rational use of water resources, promote water conservation and ensure the necessary operation management, overhaul and renovation costs of water conservancy projects.