Foreign-funded enterprises use employee welfare funds exclusively for employee welfare, and make entries when withdrawing them:

Debit: Profit Distribution-Withdrawal of Employee Welfare Fund

Loan: payable to employees-payable to welfare funds.

The public welfare fund was previously used by domestic-funded enterprises, and the accounting entries are as follows:

Borrow: profit distribution-withdrawal of public welfare fund

Loan: surplus reserve-public welfare fund

No longer need to extract.

Sometimes, if the profit statement format of a foreign-funded enterprise is the same as that of a domestic-funded enterprise, the employee welfare fund extracted from the profit distribution table will be put into the surplus reserve.

Since employee welfare funds are extracted according to after-tax profits, the other party's subject is profit distribution, not expenses, and the welfare funds payable do not exceed 65,438+04% of the total wages, which refers to the income part, so this part of welfare funds payable is not limited by 65,438+04% of the total wages.