How to write accounting entries for freight reimbursement?

Enterprises selling goods generally have freight charges. If the other party advances this part of the freight, the enterprise will eventually reimburse this part of the freight. How to write the accounting entry of freight reimbursement for delivery?

Accounting entry for reimbursement of delivery freight

When the enterprise reimburses the corresponding freight when delivering the goods,

Borrow: sales expenses-transportation and miscellaneous expenses

Taxes payable-VAT payable (input tax)

Loans: cash on hand/other receivables/bank deposits.

How much is the sales fee?

Sales expenses refer to various expenses incurred by enterprises in the process of selling materials and providing services, including insurance premium, packaging fee, exhibition fee and advertising fee, commodity maintenance fee, expected loss of product quality assurance, transportation fee, loading and unloading fee, etc. As well as the staff salaries, business expenses, depreciation expenses and other operating expenses of the sales organization specially established for selling the goods of the enterprise.

What is the tax payable?

Taxes payable refer to various taxes payable by enterprises according to the provisions of the tax law, including: value-added tax, consumption tax, business tax, urban maintenance and construction tax, resource tax, enterprise income tax, land value-added tax, property tax, vehicle and vessel tax, land use tax, education surcharge, stamp duty, land occupation tax, etc.

Enterprises should generally reflect the payment of various taxes and fees through the subject of "taxes payable", and make detailed accounting according to the items of taxes and fees payable. All kinds of taxes and fees payable by the credit registration of this course, all kinds of taxes and fees paid by the debit registration, and the final credit balance reflects the taxes and fees that have not been paid; At the end of the period, if the debit balance reflects overpayment or tax deduction.

What is cash on hand?

Cash on hand refers to the currency deposited in the accounting department of the enterprise and managed by the cashier. Cash on hand is the most liquid asset of an enterprise. Enterprises should strictly abide by the relevant state cash management system, correctly calculate cash receipts and payments, and supervise the legality and rationality of cash use.