Accounting entries of subsidies for epidemic prevention and control in property industry

The accounting entries of the subsidy for epidemic prevention and control in the property industry are as follows:

1. When enterprises in the property industry receive subsidies during epidemic prevention and control:

Debit: bank deposit

Loans: deferred income

Debit: Deferred income.

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

2, the property industry enterprises during the epidemic prevention and control of employee subsidies:

Debit: management fee-welfare fee (included in related subjects according to the department where the fee belongs)

Loan: Payable employee salary-employee welfare fund.

Borrow: Payable employee salaries-employee welfare expenses.

Loans: bank deposits

Subsidies for enterprises in the property industry to prevent and control the epidemic can be handled through the subjects of "deferred income" or "management fees" according to the actual situation. Among them, the "deferred revenue" subject is used to calculate the government subsidies that should be included in the current profit and loss in the future; "Management expenses" are used to calculate the management expenses incurred by enterprises for organizing and managing production and operation.