Debit: Bank deposit 23400.

Loan: income from main business is 20,000 yuan.

Taxes payable-VAT payable (output tax) 3400

Just write 23400 in the bank journal, there is no need to write a cash book, because the cash book is not written, and this entry does not involve cash.

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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.

Value-added tax is a tax levied on the value-added of units and individuals who sell goods or provide processing, repair and replacement services and import goods.

Value-added tax has become one of the most important taxes in China, accounting for more than 60% of all taxes in China, and it is the largest tax. Value-added tax is collected by the State Taxation Bureau, 75% of which comes from the central government and 25% from local governments. The import value-added tax is collected by the customs, and all the taxes are the central fiscal revenue.

Since July, 2065438 1, the related policies of degenerate VAT rate have been formally implemented, and all the goods originally sold or imported have been reduced to 1 1%. This adjustment will involve 23 categories of products such as agricultural products, natural gas, edible salt and books.

On March 28th, 20 18, the executive meeting of the State Council decided to reduce the value-added tax rate of manufacturing industries from 17% to 16%, and the value-added tax rates of transportation, construction, basic telecommunications services and agricultural products from 16544.

Since April 1 2009, general VAT taxpayers have engaged in VAT taxable sales, or the tax rate of imported goods and the tax rebate rate of overseas tourists' shopping tax rebate items have declined to varying degrees.

Accounting entries:

Also known as "bookkeeping formula". Short for "entrance".

According to the requirements of the double-entry bookkeeping principle, it lists the records of the corresponding accounts and amounts of each economic transaction.

Before registering an account, accounting entries are made through accounting vouchers, which can clearly reflect the classification of economic business, help ensure the correctness of account records, and facilitate post-event inspection. Each accounting entry mainly includes bookkeeping symbol, related account name, abstract and amount.

Accounting entries are divided into simple entries and compound entries. Simple entries are also called "single entries". An accounting entry in which the debit of one account corresponds to the credit of another account.

Compound entries, also known as "multiple entries", refer to accounting entries in which the debit of one account corresponds to the credit of several accounts, or the credit of one account corresponds to the debit of several accounts.