In the accounting of public institutions, should the income and expenditure account be carried forward to the "business balance" account at the end of the month? There is also the subject of "balance distribution", which will be done at the end of the year. 1. There is no need to carry it forward at the end of the month. After the end of year 65438+the end of February, the income and expenditure will be carried forward to the business balance account. The entries are as follows:

Debit: business balance

Loans: operating expenses

Debit: business income

Loan: business balance

2, the year-end balance distribution of this course. At the end of the year, after all revenues and expenditures are transferred to business balance, vouchers are made to transfer business balance and operating balance to balance distribution, and then vouchers are made to transfer balance distribution to business fund-general fund. The entries are as follows:

Debit: business balance

Debit: operating balance

Credit: Balance Distribution

Debit: Balance Distribution

Loans: public funds-general funds

Extended data:

"Business balance" accounts for the balance of recurrent income and expenditure of institutions in a certain period of time except operating income and expenditure. Credit registration income transfer, debit registration expenditure transfer and carry-over balance distribution.

If expenditure exceeds income, it will be carried forward to the red "Balance Distribution" account. This course is usually not recorded, but only recorded at the end of the period (usually at the end of the year).

Transfer the balance of financial subsidy income, superior subsidy income, payment of affiliated units, business income, other income and other subjects to the credit of this subject. The accounting entries are as follows:

Borrow: Financial subsidy income

Superior approval

Payment of auxiliary organization

Commercial income

Other income

Loan: business balance

Transfer the balance of such subjects as appropriation, business expenditure, payment, sales tax (non-business), subsidized subordinate unit and self-raised infrastructure carry-over to the debit of this account, and the accounting entries are as follows:

Debit: business balance

Loan: set aside funds

Operational expenditure

Pay to higher authorities

Sales tax (non-operating business)

Funding for auxiliary organizations

Carry over self-raised infrastructure

The credit balance of this account is the balance realized in the current period, and the debit balance is the difference that needs to be made up in the current period. At the end of the year, the unit should transfer all the balances realized in the current year to the "balance distribution" subject. After carry-over, there is no balance in this account.

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