Debit: accounts received in advance
Loan: income from main business?
2. Under the prepayment sales mode, the seller delivers the goods to the buyer only after receiving the final payment, indicating that the main risks and rewards of the ownership of the goods are transferred to the buyer only after receiving the final payment. In general, the seller shall confirm the income when issuing the goods or the income of the main business on average during the validity period, and the payment received in advance before this shall be recognized as the accounts received in advance.
According to the sales situation of the month, collect the inventory receipt in time, calculate the product cost or sales cost, and estimate the profit of the month.
Extended data:
Advance payment is a kind of liability that the buyer and the seller agree to pay part of the payment to the supplier in advance.
1, duality of "accounts received in advance".
When an enterprise receives an advance payment, it shall be credited to the "advance payment" first, and the item shall be listed as a liability at this time; When an enterprise issues goods, it shall be included in the debit of "advance payment" according to the total price tax. Because the advance payment will be less than the actual price tax, the balance of "advance payment" after the enterprise issues the goods is generally a debit, which is essentially the nature of accounts receivable, equivalent to "accounts receivable".
When presenting at the end of the period, the "accounts received in advance" at the end of the period should be included in accounts receivable if it is a debit balance, and should be included in accounts received in advance if it is a credit balance. If the enterprise does not have a large number of accounts receivable business in advance, it can be replaced by "accounts receivable", and its presentation method is equivalent.
2. Presentation method of "accounts received in advance"
According to the sum of debit balances of accounts receivable and advance receipts sub-ledger, it is recorded in accounts receivable, and according to the sum of credit balances of sub-ledger, it is recorded in advance receipts.
Baidu encyclopedia-accounts received in advance