For enterprises operating gymnasiums, gym coaches reflect their main business, and are included in the "labor cost" subject when they are accrued. Please refer to the following accounting entries for details:

When withdrawing money, the accounting entries are as follows:

Debit: labor cost

Loan: Payable salary-salary (basic salary, performance commission)

When issuing, the accounting entries are as follows:

Debit: Payable salary-salary (basic salary, performance commission)

Loans: bank deposits, etc.

When carrying forward, the accounting entries are as follows:

Debit: main business cost

Loans: labor costs

Labor costs refer to the expenses incurred by enterprises in providing labor services, such as providing repair and handling services, and the corresponding labor wages, welfare, labor insurance and related expenses are all labor costs.

For the gym, teaching students is the main business, so it should be carried forward to the main business cost.

What are the accounting entries for the company to purchase fitness equipment?

According to the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax (Order No.538 of the State Council of the People's Republic of China), the input tax of the following items shall not be deducted from the output tax:

(1) Goods purchased or taxable services used for non-VAT taxable items, VAT exempted items, collective welfare or personal consumption;

(2) Abnormal losses of purchased goods and related taxable services;

(3) Goods purchased or taxable services consumed by products in process and finished products with abnormal losses;

(four) consumer goods for taxpayers' own use as prescribed by the competent departments of finance and taxation of the State Council;

(five) the transportation costs of goods and the transportation costs of selling duty-free goods as stipulated in items (1) to (4) of this article.

Fitness equipment purchased by a company usually belongs to the category of employee collective welfare. Therefore, when the general taxpayer purchases fitness equipment, it should be accounted as a fixed asset, and no input tax can be deducted regardless of whether the special VAT invoice is obtained. At this time, they should obtain the general VAT invoice, which is included in the cost of fixed assets according to the ad valorem tax. If they get special VAT invoices, they need to be certified and deducted before the input tax is transferred out.

Accounting entries:

Borrow: fixed assets-fitness equipment,

Loans: bank deposits (accounts payable).