Accounting entries donated by enterprises during the epidemic period

Accounting entries donated by enterprises during the epidemic period:

Borrow: non-operating expenses-donation

Loan: bank deposit (cash on hand)

According to whether the use is restricted, donations can be divided into restricted donations and unrestricted donations. Restricted donation means that the donor has limited the time or use of the assets, while unrestricted donation means that the donor has not set time or use restrictions on the donated assets.

According to the types of goods, donations are divided into capital donations, labor donations and physical assets donations (equipment, materials and real estate, etc.). ). For public welfare donations, the part within the total annual profit (accounting profit) 12% is allowed to be deducted when calculating taxable income; The part exceeding the total annual profit 12% is allowed to be deducted when calculating the taxable income within three years after carry-over.