Accounting subjects of financial subsidies for epidemic situation property fees

The financial subsidy for the epidemic situation should be included in the "deferred income" account of property fees, and the accounting entries are as follows:

1, when receiving government subsidies:

Debit: bank deposit/cash on hand, etc.

Loans: deferred income

2. When amortizing subsidies:

Debit: Deferred income.

Loan: other income (or non-operating income account)

After receiving financial subsidies, enterprises need to recognize the total amount of government subsidies as deferred revenue, which shall be included in the current profits and losses within the service life of relevant assets according to the principles of rationality and systematicness; In addition, the net amount method can also be used to offset the book value of related assets, and the enterprise depreciates or amortizes related assets according to the asset value after deducting government subsidies.