Accounting entry of tax retained in the previous period 1. Carry-forward input tax amount: debit: tax payable-value-added tax payable (value-added tax payable needs to be transferred out) credit: tax payable-value-added tax payable (input tax) 2. Carry-over output tax: debit: tax payable-value-added tax payable (output tax) credit: value-added tax payable (value-added tax should be transferred out if it is not paid). : Borrow: Taxes payable-VAT payable (VAT payable) Loan: Taxes payable-VAT payable (VAT payable) 4. Borrowing when actually paid: taxes payable-value-added tax payable (unpaid value-added tax) Loan: what is taxes payable in bank deposits? Taxes payable refer to all kinds of taxes that should be paid by enterprises according to the operating income and profits achieved in a certain period of time and in accordance with the provisions of the current tax law. The credit balance at the end of this course reflects the unpaid taxes and fees of the enterprise; At the end of the period, if it is a debit balance, it reflects the tax paid or not deducted by the enterprise. What is VAT? Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the circulation process. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added. What is input tax? Input tax refers to the value-added tax paid or borne by taxpayers when they purchase goods, processing, repair and replacement services, services, intangible assets or real estate. The above is the answer about how to deal with the accounting treatment of the last tax allowance. More information can be found on Guangdong Civil Service Examination Network. If you have any questions, please feel free to ask Tuhua Education Group. Click Consultation >>& gt Special Note: Due to the constant adjustment and changes in various aspects, the information provided by Tuhua Q&A platform (for non-commercial education and scientific research purposes) does not mean agreeing with its views or confirming the authenticity of its contents. For reference only. Please refer to the official information published by the authoritative department for relevant information. Pay attention to Guangdong Tuhua Education WeChat gdhtgwy, answer policy questions in real time, and don't miss the exam information. The Q&A content collected by the Tu Hua Q&A platform comes from the Internet, which is only used for learning and communication, and does not constitute commercial purposes. Copyright belongs to the original author. If you have any questions about the content and copyright of the works, please contact us, and we will deal with them as soon as possible to safeguard your legitimate rights and interests.