Traditional Culture Encyclopedia - Tourist attractions - How to handle the accounting of VAT difference taxation in small-scale tourism industry

How to handle the accounting of VAT difference taxation in small-scale tourism industry

The small-scale tourism industry is taxed on the difference in value-added tax. When the income is obtained, the accounting treatment is:

Debit: bank deposits and other subjects,

Credit: main Business income,

taxes payable - value-added tax payable.

The difference in value-added tax in the small-scale tourism industry is levied. When paying related expenses for tourists, the accounting treatment is,

Debit: main business cost,

Taxes payable - value-added tax payable,

credit: bank deposits and other accounts.