How To Deal With The Account Of Purchasing Raw Materials?

from Accounting and financial management From the point of view, no matter whether it is actually put into storage or not and how to deal with it later, the warehousing procedures should be handled when the samples are received. As for accounting treatment, it depends on the specific situation. We start from the leading enterprise (assumed to be the manufacturer of the sample) Business processing At the beginning of the analysis, there are usually the following situations.

(1) the accounting treatment shall be determined according to the final treatment method, whether for long-term display or short-term promotion, taking self-produced, commissioned processing products or purchased goods (hereinafter referred to as products) as samples

(1) variable price sales. In this case, the accounting treatment is similar to the normal sales business. When the samples are sent out, debit "issued goods sample" and credit "goods in stock"; when actual sales, debit "cash on hand", "bank deposit", "accounts receivable", "other receivables", etc., and credit "main business income", "tax payable - value added tax payable (output tax)"; at the same time, debit "main business cost" and credit "issued goods sample"; If the income from price change is too low and the tax authorities think that it should be adjusted, the increased turnover tax should be included in the sales expenses. If the price change income (excluding tax) is lower than the book cost of goods, considering the management requirements, it is appropriate to include the difference part in the sales expenses.

(2) free gift, which is regarded as sales in tax. Debit "sales expenses" according to their costs and accrued taxes, and credit "issued goods - samples" and "taxes payable - VAT payable (output tax)".

(3) for recycling and scrapping, debit "raw materials" and "goods in stock" according to the discount amount recovered and put into storage, credit "issued goods - samples", and debit "sales expenses" according to the difference.

In terms of value-added tax, there is no doubt that VAT should be levied in the first and second cases. In the third case, there should be no VAT. In terms of income tax, in accordance with the spirit of the regulations on the implementation of the enterprise income tax law of the people's Republic of China and the notice of the State Administration of Taxation on the treatment of income tax on the disposal of assets by enterprises (GSH [2008] No. 828), if an enterprise transfers its assets to others for market promotion or sales, it does not belong to the internal disposal of assets because the ownership of the assets has changed Revenue shall be determined as sales in accordance with regulations. In case of the above-mentioned circumstances, the sales revenue of the self-made assets of the enterprise shall be determined according to the external sales price of the same kind of assets of the enterprise in the same period; for the purchased assets, the sales revenue can be determined according to the price at the time of purchase. In principle, this provision is also aimed at the first and second cases. {page_ break}

(2) the name "sample" actually has the nature of discount, that is, to supply a certain number of samples according to the purchase quantity of dealers and customers, which has the dual significance of promoting sales and encouraging the increase of purchasing quantity. In this case, it can be treated as commercial discount in accounting.

Although the point of view of the sale of goods is not limited to the amount of goods sold in kind and the amount of goods sold by the seller, it can not be treated as the discount of sales volume, except for the amount of sales tax. However, the reply of the State Administration of Taxation on the issue of levying value-added tax on beverage discount sales of Sino foreign joint venture Nanjing Zhongcui Food Co., Ltd. (GSH [1996] No. 598) has made it clear that VAT can be levied according to the sales amount after discount when the company sells goods by quantity discount. Generally, under the premise of not violating the relevant provisions, if the physical discount is converted into price discount in a reasonable way and reflected in the same invoice, VAT can be calculated and paid according to the amount after discount.

In terms of income tax, the reply of the State Administration of Taxation on how to deal with enterprise sales discount in the calculation and collection of income tax (GSH [1997] No. 472) has made it clear that if the sales amount and the discount amount are indicated on the same sales invoice, the income tax can be calculated and collected according to the sales amount after discount; If the discount amount is invoiced separately, the discount amount shall not be deducted from the sales volume. After the promulgation and implementation of the enterprise income tax law of the people's Republic of China, the notice of the State Administration of Taxation on Several Issues concerning the recognition of enterprise income tax revenue (GSH [2008] No. 875) stipulates that the price deduction given by an enterprise in order to promote commodity sales belongs to commercial discount, and if the commodity sales involves commercial discount, it shall be determined according to the amount after deducting the commercial discount Amount of revenue from sales of goods. In addition, there are some special circumstances, such as the notice of the State Administration of Taxation on Several Issues concerning the recognition of enterprise income tax revenue (GSH [2008] No. 875), which stipulates that enterprises selling their own commodities in the form of "buy one give one" are not donations. The total sales amount should be apportioned and recognized according to the proportion of fair value of various commodities.