After the withdrawal, the water conservancy fund is reduced or exempted,

Borrow: taxes payable-water conservancy fund,

Loan: non-operating income,

If the water conservancy fund is not directly deducted, there is no need to make accounting entries.

Water conservancy fund is a special fund for water conservancy construction, which consists of central water conservancy construction fund and local water conservancy construction fund. The central water conservancy construction fund is mainly used for the maintenance and construction of major river key projects related to the overall situation of national economic and social development. Local water conservancy construction funds are mainly used for urban flood control and the management, maintenance and construction of small and medium-sized rivers and lakes.