The accounting entries for the VAT payable by small-scale taxpayers with quarterly sales of more than 100,000 yuan are:
Borrow: bank deposit cash.
Credit: Tax Payable - VAT Payable.
At the same time, additional taxes need to be accrued, and the accounting entries are:
Borrow: Business tax and surcharge.
Credit: Taxes payable - urban construction tax payable, etc.
After the payment of VAT and additional taxes, its accounting entries are:
Borrow: tax payable - VAT payable, urban construction tax payable, etc.
Credit: Bank deposits.
It should be noted that when the quarterly sales of small-scale taxpayers are less than 100,000 yuan (including 100,000 yuan), they can enjoy the preferential policy of VAT exemption. Therefore, if the quarterly sales are less than 100,000 yuan, the above accounting treatment is not required.
In addition, if the quarterly sales of small-scale taxpayers exceed 100,000 yuan but do not exceed 300,000 yuan, they can calculate and pay VAT according to the simplified tax calculation method. For specific accounting treatments, please refer to the relevant accounting standards and regulations.
In short, the quarterly tax entries of small-scale taxpayers need to be processed according to the specific sales and tax situation. It is advisable to consult a professional accountant or tax accountant for more accurate information and advice in practice.
Autumn and Winter Check-in Challenge