Loan: taxes payable-water conservancy fund

Although the water conservancy fund is not a tax in name, it is similar to a tax in essence. According to the principle that substance is more important than form, it should be recorded as "main business taxes and surcharges", and of course it can also be recorded as "management expenses".

2. The water conservancy construction fund shall be accrued according to 1% of the total tax payment of the three major taxes.

Water conservancy construction fund = (VAT+consumption tax+business tax) x 1%