Hotel machine invoice tax return

The catering industry is subject to 3% business tax, which is an in-price tax.

Invoice collection

Debit: Cash on hand.

Loan: income from main business

At the end of the month, it is accrued at 3% of the income.

Borrow: business tax and surcharges

Loan: tax payable

Declare tax at the beginning of next month

Debit: tax payable

Loans: bank deposits