Accounting entries donated by enterprises during the epidemic period

The accounting entries of corporate donations during the epidemic period are as follows:

1. Cash donation

Borrow: non-operating expenses-donation

Credit: cash on hand/bank deposit.

2. Donate materials

Borrow: non-operating expenses-donation

Loans: Goods in stock

Taxes payable-VAT payable (output tax)

Corporate donations include monetary assets donations and non-monetary assets donations. Enterprises should carry out accounting treatment according to specific conditions. Donations by enterprises in cash or bank deposits should be treated as "non-operating expenses"; Donating inventory goods is a self-produced product donated by an enterprise rather than a daily business activity, which does not meet the conditions of cash inflow and should not be treated as income. No matter what form an enterprise donates assets, it is included in the "non-operating expenses" as a loss.