How to carry forward the price difference when the property company collects and pays the electricity fee?

1. When the company collects utilities, it issues invoices to collect money. Accounting treatment is as follows:

Debit: bank deposit

Loans: other business income

Taxes payable-VAT payable-output tax

2. When the company pays the water and electricity fee, it pays it according to the invoice of the water and electricity company. Accounting treatment is as follows:

Debit: Other business expenses.

Taxes payable-Taxes payable-Input tax (if any)

Loans: bank deposits

3. When the profit and loss are carried forward at the end of the month, other business income and other business expenses shall be carried forward in full. Carry-forward entries are as follows:

Debit: other business income

Loans: Other business expenses

This year's profit (received >; Payment)

or

Debit: other business income

Profit this year (remitted > received)

Loans: Other business expenses

4. Carry forward the undistributed profit at the same time, and the carry-forward entry is:

Debit: this year's profit

Credit: profit distribution-undistributed profit

or

Debit: Profit Distribution-Undistributed Profit

Loan: profit this year

5. To sum up, the difference collected and remitted is directly carried forward to the company's profit and loss. Contemporary income is greater than the remittance amount and is carried forward to the company's profit; If the current income is less than the remitted amount, it will be carried forward as the company's loss.