Accounting Method For Enterprises Accepting Cash Assets Donation

When an enterprise accepts cash assets donation, because the value of the donation item has been realized on the donation day, the enterprise should borrow the amount actually received, and borrow the "cash in cash" or "bank deposit" and other subjects, and credit the "non business income" subject.

If accepted

Enterprises belong to foreign-funded enterprises, accounting requirements are different from other enterprises.

When a foreign invested enterprise receives cash donations, it shall borrow the amount of cash or bank deposit according to the amount actually received, and according to the amount and amount of cash donated.

The tax rate shall be calculated on the income tax payable, and the "payable tax payable - income tax" subject shall be credited.

According to the difference between the amount of cash donated and the income tax payable, the capital reserve shall be credited to the subject of cash donation. At the end of the year, the enterprise shall, according to the result of year-end liquidation, borrow the difference between the payable income tax and the actual income tax payable originally calculated on the basis of the donated cash.

"Subject to income tax", credits the "extra business income" subject.

A company is a foreign-invested enterprise. In October 8, 2008, it received 100000 dollars in cash donated by its overseas Chinese, and the exchange rate was 1:8.1 at that day. The income tax rate applicable to enterprises is 33%.

Borrow: bank deposit - USD 810000 (100000 x 8.1)

Loan: tax payable - 202500 of the income tax payable (810000 x 25%).

Non operating income - cash donation 607500

Assuming that in December 31, 2008, the results of year-end liquidation of a company showed that the actual income tax received should be 202500 yuan.

That is, the difference between the original income tax and the original income tax is 267300 yuan, which is 64800 yuan.

Accounting entries should be adjusted as follows:

Borrowing: tax payable - income tax payable 64800

Loan: extra cash income - cash donation 64800

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The revision of the company law mainly involves the following three aspects:

First, the registration system of paid up registration of registered capital should be changed to subscribe registration system.

In addition to the provisions of laws, administrative regulations and the State Council's decision to pay the registered capital of the company, the provisions of the company's shareholders (promoters) should be fully paid within two years from the date of the establishment of the company, and the investment company can pay the full amount of capital within five years.

The shareholders of a company independently agree on the amount of capital contribution, the mode of contribution and the time limit for contribution, etc., which are also recorded in the articles of association of the company.

Second, we should relax the conditions for registration of registered capital.

Apart from the provisions of laws, administrative regulations and the State Council's decision on the minimum registered capital of a company, the restriction on the minimum registered capital of a limited liability company is 30 thousand yuan, the minimum registered capital of a one person limited liability company is 100 thousand yuan, and the minimum registered capital of the Limited by Share Ltd is 5 million yuan.

Third, simplify registration matters and registration documents.

The amount of capital subscribed by the shareholders of a limited liability company and the paid up capital of the company are no longer regarded as registered matters of the company.

When a company is registered, it is not necessary to submit a capital verification report.

The core of the reform of the registered capital registration system is that the registered capital is changed from the paid in registration system to the subscription registration system, and the conditions for registration of the registered capital are relaxed.