What accounting account is the invoice for a new business to buy a sofa desk

Updated on Sofa 2024-07-22
2 answers
  1. Anonymous users2024-01-24

    It is an account that belongs to the main business income and tax payable - VAT payable (output tax).

    A business sells products by invoicing other businesses:

    Debit: Bank deposits or accounts receivable.

    Credit: main business income.

    Credit: Tax Payable – VAT Payable (Output Tax).

    Value-added tax (VAT) is a turnover tax levied on the basis of the value-added amount generated by goods (including taxable services) in the process of circulation. In terms of tax calculation principle, value-added tax is a turnover tax levied on the added value or added value of commodities in multiple links in the production, circulation and labor services. The implementation of off-price tax, that is, borne by the consumer, there is a value-added tax, no value-added tax. ‍

  2. Anonymous users2024-01-23

    Fixed asset account.

    Desks and chairs below 2,000 yuan can enter the current profit and loss, and sofas must enter fixed assets if they are more than 2,000 yuan.

    Also consider the nature of your business.

    If it is an unregistered company, it needs to be included in the start-up fee.

    Borrow: Management Expenses - Start-up Costs.

    Credit: Cash Bank Deposits.

    After signing up. Borrow: Management Expenses - Office Expenses.

    Credit: Administrative Expenses - Start-up Costs.

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