How to calculate water conservancy construction fund
Water conservancy construction fund is a local government fund specially used for water conservancy construction. The water conservancy construction fund shall be paid at 0. 1% of the sales revenue.
Accrued entries:
Debit: business tax and surcharges,
Loan: taxes payable-water conservancy construction fund payable,
Payment entry:
Borrow: taxes payable-water conservancy construction fund payable,