[question]

Our company is a automobile sales enterprise, units to launch a new promotion policy is to pay a certain amount of money customers can pick test for a period of time, if satisfied before the official invoice shall handle the relevant formalities, so many customers have to pay (a full also partial payment) and delivery, but not invoice,AccountingNo income, no writedowns on inventories. Excuse me, how should the financial treatment?

Answer.

This is actually returned with sales conditions of sale. In accordance with the "The accounting standards for Enterprises No. fourteenth -- income"The provisions of the revenue from the sale of goods, also meet the following conditions can be confirmed:

(1) the enterprise has shifted the main risks and rewards of ownership of the goods to the buyer;

(2) the enterprise retains neither continuing management rights are usually associated with ownership, nor on the sold goods to implement effective control;

(3) the amount of revenue can be measured reliably;

(4) the relevant economic interests are likely to flow into the enterprise;

(5) the relevant costs incurred or to be incurred can be measured in a reliable way. According to the judgment of the situation, your unit not in strict compliance with the revenue recognition criteria, therefore received money could not be confirmed as sales revenue.

In accordance with the relevant contents of the new enterprise accounting standards accounting department of the Ministry of finance to prepare business explained, for the return of sales, the enterprise shall take different accounting treatment:

(1) for the non recognition of income of goods sold has return of sales, companies should be recorded in the "goods delivered cost amount commodity" subjects, debit "inventory" subjects, credited "goods issued" subjects. The planned cost or price accounting, should according to the cost or price in the "inventory" subjects, also calculate product cost differences or the goods into the sales price.

(2) for recognized sold goods income has returned, enterprises should be in commonly occurs when the offset current revenue from sales of goods, at the same time offset sales of goods period cost. Such as the return of sales has cash discount, should adjust the financial expenses and the amount; such as the return of sales allow deduction of value added tax, should be adjusted at the same time "should hand in taxes -- payable VAT (output tax)" subjects of a corresponding amount.

(3) confirmed the occurrence of income of goods sold sales return to events occurring after the balance sheet date, it shall carry out accounting treatment in accordance with relevant provisions of events occurring after the balance sheet date.

(4) returned with sales condition of sales of goods, enterprises according to the pastExperienceTo reasonably estimate the possibility and confirm the return and return the relevant liabilities, usually should be confirmed in a commodity income; enterprises can not be reasonably estimated return possibility, usually revenue should be recognised in sales return expires.

So you can add "send goods" and "inventory" subjects, respectively accounting issue commodity in the library of unsold goods and returned with sales conditions. Because your company to carry out such forms of promotion business first, not based on past experience to estimate the sold goods return, the company'sAccounting treatmentThe following is issued (commodityTaxObligation has occurred):

(1) a commodity, accrual of value added tax debit "accounts receivable", credited to "should hand in taxes -- payable VAT (output tax)", at the same time, according to a commodity inventory cost debit "goods issued", credited to "inventory goods";

(2) within the prescribed period of receipt of payment, debit"BankDeposit ", credited to" accounts receivable "," accounts receivable "etc.;

(3) at the expiration of no return, according to the received payment amount is debited into "the" accounts receivable ", has not yet been paid according to the amount of the debit" accounts receivable ", credited to the" main business income ", and allocate the cost of goods sold, debit main business cost, credit send out goods;

(4) if the return to return the occurrence period, debit "accounts receivable", according to can offset the output VAT debit "should hand in taxes -- payable VAT (output tax)", according to the amount of income shall be credited to rush back to the. "Main business income", according to the actual return amount credit "bank deposits", at the same time, according to the commodity cost debit "main business cost", according to the inventory warehousing cost debit "inventory", as per the approved cost of goods goods issued "issued credit".

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Pay car sales accounting processes

One, vehicle sales
　　1The car, prepaid
Borrow: prepayment
Borrow: bank deposit
　　2Purchase invoice, receipt
Borrow: inventory of goods
Tax payable-Should pay value-added tax (VAT)
Credit: prepayment
(some manufacturers will discount, discount silver bearing to the invoice, but some manufacturers will set up virtual accounts, manufacturers in separate so also for your enterprises to do processing this)
　　3, sales
(1Receive advance payment)
Borrow: bank deposit
Credit: ar-In the car
Other payables-Collection (collect customer inspection fee and tax and insurance)
(2Motor vehicle invoice issued)
Borrow: ar-In the car
Credit: the main business income-Car sales revenue
Tax payable-Payable VAT (output tax)
(3) on behalf of clients to pay insurance premiums and purchase tax
Borrow: other payables-Collection
Credit: cash
(4) on behalf of clients pay for insurance (general insurance are connected, and the insurance company if the client has the bank card can brush card directly, without the need to use brush card, companies can go to the bank to apply for business card)
Borrow: other payables-Collection
Borrow: bank deposit
　　4Carryover, cost of sales
Borrow: main business cost-Car sales costs
Credit: inventory of goods
Two, sales
(1Issue VAT invoice)
Borrow: ar-In the car
Credit: the main business income-Fine decoration income
Tax payable-Payable VAT (output tax)
(2Carryover decoration costs)
Borrow: main business cost-Fine decoration cost
Credit: inventory of goods
Three, spare parts sales
　　1Purchase, accessories
Borrow: inventory of goods-Accessories
Tax payable-Should pay value-added tax (VAT)
Borrow: bank deposit
　　2Sales, fittings
Dr: accounts receivable
Credit: the main business income-Parts sales income
Tax payable-Payable VAT (output tax)
　　3Transfer of costs, sales of accessories
Borrow: main business cost
Credit: inventory of goods

 

Four, insurance claims
1, generally about the insurance company claims to credit repair
Dr: accounts receivable Christian insurance company
Credit: the main business income - repair income
Tax payable - payable VAT (output tax)
2, the insurance company payment (insurance company, which is part of the three paragraph is returned for repairs)
Borrow: bank deposit
Credit: accounts receivable Christian insurance company
Other payables - back three repairs
3, back three repairs
Borrow: other payables - back three repairs
Credit: cash
4, carry forward repair cost
Borrow: advocate business Wu cost - repair
Credit: check - Accessories
Wages payable (employee salary new criterion)
Five, after sale repair
(1) received advance repair section
Borrow: bank deposit
Credit: ar - advance repair section
(2) repair invoices issued
Borrow: ar - advance repair section
Credit: the main business income - repair income
Tax payable - payable VAT (output tax)
(3) the cost of repair
Borrow: advocate business Wu cost - the cost of repair
Credit: inventory of goods
Salary payable
Six, warranty and maintenance costs
(1) occurred warranty maintenance costs
If the accounts receivable - Manufacturers
Credit: the main business income - accessories sales income
Labor income
Tax payable - payable VAT (output tax)
(2) received confirmation of telex file factory
Borrow: prepayment
Credit: accounts receivable - Manufacturers

 Accounting treatment, seven car test drive

 1, payment is received, the car a test drive, open the invoice

 Borrow: bank deposit

     Goods: ar

 Borrow: a product test drive

     Credit: inventory of goods

 2Open the invoice, according to the normal income accounting

 Borrow: ar

     Credit: the main business income

         Should hand in taxes payable VAT (output)

 Borrow: main business cost

    Credit: a commodity

 3The test drive, return

 Borrow: ar

     Credit: other receivables

     Bank deposits

 Borrow: inventory of goods

    Credit: a commodity

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One, vehicle purchase and sale

1, buy car, car manufacturers to advance

Borrow: prepayment

Borrow: bank deposit

2, receive a purchase invoice, pay the balance

Borrow: procurement of goods

Taxes payable -- should pay value-added tax (VAT)

Borrow: bank deposit

Prepayments

3, the storage of goods

Borrow: inventory of goods

Credit: procurement of goods

4, sales of motor vehicles

(1) received pre collection

Borrow: bank deposit

Credit: ar - in the car

Other payables - collection (collect customer inspection fee and tax and insurance)

(2) issued by the motor vehicle invoice

Borrow: accounts receivable -- advance car (customers)

Credit: product sales revenue -- car sales revenue

Taxes payable -- should pay value-added tax (VAT)

(3) on behalf of clients to pay insurance premiums and purchase tax

Borrow: other payables -- Collection

Credit: cash

(4) on behalf of clients to pay insurance premiums

Borrow: other payables -- Collection

Borrow: bank deposit

5, carry forward the cost of sales

Borrow: -- automobile sales and cost of sales

Credit: inventory of goods

Two, car decoration sales

(1) the VAT invoices

Borrow: cash

Credit: product sales revenue income -- car accessories

Taxes payable -- payable VAT (output tax)

(2) transfer car accessories cost

Borrow: -- car accessories cost the cost of goods sold

Credit: inventory of goods

Three, spare parts sales

1, spare parts purchase

Borrow: Commodity Procurement -- accessories

Taxes payable -- should pay value-added tax (VAT)

Borrow: bank deposit

2, spare parts warehouse

Borrow: inventory of goods

Credit: Commodity Procurement - Accessories

3, spare parts sales

Dr: accounts receivable

Credit: product sales revenue -- accessories sales income

Credit: tax payable -- should pay value-added tax (VAT)

4, carry forward cost accessories sales

Borrow: cost of sales - auto parts cost

Credit: inventory of goods

Four, insurance claims

1, generally about the insurance company claims to credit repair

Dr: accounts receivable -- * * insurance company

Credit: the main business income of income -- repair

Credit: tax payable -- should pay value-added tax (VAT)

2, the insurance company payment (insurance companies, some are repairs from other repair company)

Borrow: bank deposit

Credit: accounts receivable -- * * insurance company

Credit: other payables -- from other repair company repair cost

3, from other repair company repair cost

Borrow: other payables -- from other repair company repair cost

Credit: cash

4, carry forward repair cost

Borrow: -- repair cost of goods sold

Credit: inventory goods -- accessories

Credit: employee salary payable

Five, after sale repair

(1) received advance repair section

Borrow: bank deposit

Credit: accounts receivable -- advance repair section

(2) repair invoices issued

Borrow: accounts receivable -- advance repair section

Credit: the main business income of income -- repair

Credit: tax payable -- payable VAT (output tax)

(3) the cost of repair

Borrow: advocate business Wu cost -- the cost of repair

Credit: inventory of goods

Credit: deal with worker

Six, the manufacturer specified maintenance warranty costs

(1) occurred warranty maintenance costs

Dr: accounts receivable -- manufacturers

Credit: product sales revenue -- accessories sales income

Credit: product sales revenue -- labor income

Credit: tax payable - payable VAT (output tax)

(2) received confirmation of telex file factory

Borrow: prepayment

Credit: accounts receivable -- manufacturers

Seven, the accounting treatment of various charge discount, rebate

1, automobile sales company for automobile production enterprises and sales, sales no necessary connection between the rebate, such as advertising promotion, image of anti profit, hardware facilities rebate, attached to the issue of auto manufacturing enterprises and ordinary invoice, calculate and pay business tax according to 5%, as the accounting treatment:

Borrow: bank deposit (or prepayment -- automobile manufacturer)

Credit: income from other operations

Should hand in taxes -- sales tax

2, the automobile companies charge a discount auto production enterprises, a discount, automobile production enterprises in the goods issue VAT invoice to negative listed as follows, the accounting treatment:

Borrow: inventory goods -- Automobile (invoice shown positive)

Inventory goods -- discount (invoice shown negative)

Taxes payable -- should pay value-added tax (VAT) (

Credit: prepayment -- an automobile production enterprises (debit account by positive and negative phase)

3, the automobile companies charge discount discount auto production enterprises, automobile production enterprises charged with the goods not in open value-added tax invoice to negative list, but in a detailed list of goods sold in the negative list, as follows: Borrow: accounting treatment of stock -- Automobile (sales list shows positive) inventory goods -- discount (sales list shows negative) should hand in taxes -- should pay value-added tax (VAT) (value-added tax invoice listed number): Loan prepayments -- an automobile production enterprises (debit account by positive and negative phase)

4, the automobile companies charge a discount auto production enterprises, a discount by automobile production enterprises issued separately negative special invoices for value-added tax accounting, as follows:

Borrow: inventory goods -- discount (negative)

Taxes payable -- should pay value-added tax (VAT) (negative)

Credit: prepayment -- an automobile production enterprises (negative)

5, automobile sales company for automobile production enterprises and sales, sales of all kinds of hook rebate, issued to the automobile production enterprises of ordinary invoice, make accounting treatment are as follows:

Borrow: inventory goods -- discount (negative)

Taxes payable -- should pay value-added tax (VAT) (negative)

Credit: prepayment -- an automobile production enterprises (negative)

6, the monthly rotating pin "accounting inventory goods -- discount"

The month should calculate the rotating pin "-- the amount of inventory goods discount" month should reseller discount amount (early versus stock discount + month increase the discount) / (beginning inventory + the purchase quantity)] * sales

Use: the cost of goods sold (negative)

Credit: inventory goods -- discount (negative)