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Business tax and additional borrowing direction refer to the accounting records and treatment methods of business tax and additional items in the financial statements of enterprises.

I. Definition of business tax and surcharges

Business tax and surcharge are the general names of various taxes and fees incurred by enterprises due to their business activities, including consumption tax, urban maintenance and construction tax, resource tax, education surcharge and property tax, land use tax, vehicle and vessel use tax, stamp duty and other related taxes and fees. These taxes and fees are the fees that enterprises should pay in accordance with state regulations, which embodies the social responsibilities and obligations of enterprises.

II. Direction of Business Tax and Additional Loans

In accounting records, the business tax and the direction of additional loans follow the accounting identity and the principle of debit and credit bookkeeping. Generally speaking, business taxes and surcharges as expense accounts are debited when they occur, indicating the increase of enterprise expenses; Credit when paying or carrying forward indicates the reduction or transfer of enterprise expenses.

Specifically, when an enterprise accrues business tax and surcharges, it should record "business tax and surcharges" in the debit and "taxes payable" or "other payables" in the credit to reflect the taxes payable by the enterprise. When an enterprise actually pays or carries forward these taxes and fees, it should record the accounts such as "taxes payable" or "other payables" in the debit and "bank deposits" or "cash" in the credit to reflect the outflow of enterprise funds and the actual occurrence of expenses.

Third, the impact of business tax and additional accounting treatment on the operating results of enterprises

Business tax and additional accounting treatment directly affect the profit statement and cash flow statement of enterprises. In the income statement, business tax and surcharges are listed as expense items, and the increase of the amount will reduce the net profit of the enterprise. In the cash flow statement, business tax and surcharge will affect the cash outflow of enterprises, and then affect the net cash flow of enterprises.

Therefore, enterprises should accurately calculate and record business tax and additional lending direction to ensure the authenticity and accuracy of financial statements and provide strong support for enterprise decision-making and management.

To sum up:

Business tax and additional borrowing direction reflect the accounting records and treatment of this expense in the financial statements of the enterprise. Enterprises should follow the principles of accounting identity and debit and credit bookkeeping, accurately calculate and record business tax and additional lending direction, and ensure the authenticity and accuracy of financial statements. At the same time, enterprises should also pay attention to the impact of business taxes and surcharges on operating results, strengthen tax management and cost control, and improve economic benefits and market competitiveness.

Legal basis:

People's Republic of China (PRC) accounting law

Article 5 provides that:

Accounting institutions and accountants shall conduct accounting and exercise accounting supervision in accordance with the provisions of this Law. No unit or individual may in any way incite, instigate or force accounting institutions or accountants to forge or alter accounting vouchers, accounting books and other accounting materials and provide false financial and accounting reports.

Article 9 provides that:

All units must conduct accounting according to actual economic and business matters, fill in accounting vouchers, register accounting books and prepare financial and accounting reports. No unit may use false economic and business matters or materials for accounting.

People's Republic of China (PRC) tax collection management law

Article 4 provides that:

Units and individuals who are obligated to pay taxes according to laws and administrative regulations are taxpayers. Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.