Accounting entries for property companies to pay property fees and send gifts

Accounting entries for property company to pay property fees and send gifts:

Gifts given to the owners by the property management company,

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:

When buying gifts:

Borrow: inventory goods,

Loans: bank deposits, etc.

When giving:

Debit: sales expenses,

Loan: inventory goods,

Credit: tax payable-VAT payable-output tax.