How to account for the gifts given by the property company to the owners?

1. Accounting expenses are included in sales expenses. The tax law regards sales as sales, pays value-added tax and enterprise income tax, and withholds personal income tax from the owner.

2. Specific items:

Debit: sales expenses

Loan: non-operating income

Loan: Taxes payable-VAT payable (output tax)

Loan: tax payable-enterprise income tax payable

Debit: the tax on other receivables shall be borne by the owner.

Borrow: sales expenses * * * The enterprise bears a tax.

Loan: taxes payable-personal income tax payable

Extended data:

Enterprises should account for the occurrence and carry-over of sales expenses through the subject of "sales expenses". This course debits the sales expenses incurred by the registered enterprise.

There is no balance after the sales expenses transferred to the "profit of this year" subject at the end of the credit registration period are carried forward. "Sales expenses" shall be accounted for in detail according to the expenditure items of sales expenses.

Main accounting treatment of sales expenses:

(1) The expenses incurred by the enterprise in the process of selling goods, such as packaging fees, insurance fees, exhibition fees, advertising fees, transportation fees, loading and unloading fees, shall be debited to this account and credited to the subjects of "cash" and "bank deposit".

(II) The operating expenses such as staff salaries and business expenses incurred by the sales organization specially established by the enterprise for selling the goods of the enterprise shall be debited to this account and credited to such subjects as "staff salaries payable", "bank deposits" and "accumulated depreciation".

At the end of the period, the balance of this account should be transferred to the "profit of this year" account, and there should be no balance in this account after the carry-over.

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