The company received 5 million industrial development funds from the Finance Bureau, and did not know how to make accounting entries. I looked up a lot of information and it was ambiguous. I hope you can help me. In fact, it is the same for you to hang out, that is, it is accounted as "special payable", but you can't count it into the cost when the enterprise spends.

Debit: 500 in the bank.

Credit: Special Payable 500

When in use

Debit: special payable

Loans: bank deposits

As for how long you can hold an account, it depends on the implementation of the local tax authorities. Generally, there should be no problem within 2-3 years. After that, the tax will transfer you to "non-operating income" to pay income tax.

If you do "deferred revenue", it is the same, and it will be included in "non-operating income" by stages. How long will it take? You still have to communicate with the tax authorities.

Suggestion: If the cash flow of the enterprise is ok, it should be included in the "non-operating income" at one time to calculate the tax, and the expenses can be directly charged in the future.

I hope I can help you!