Water conservancy funds belong to local policies, which are levied in some places and not in others. Specific policies and tax rates shall be subject to local regulations. Generally, it is paid at one thousandth of the operating income. Water conservancy construction fund is a special fund for water conservancy construction, which consists of central water conservancy construction fund and local water conservancy construction fund. The accounting entries are as follows:

When withdrawing money, the accounting entries are as follows:

Debit: taxes and surcharges,

Loan: taxes payable-water conservancy construction fund.

When making payment, the accounting entries are as follows:

Borrow: taxes payable-water conservancy construction fund,

Loan: bank deposit.