Dividend entry of sole proprietorship enterprise
Debit: Profit Distribution-Undistributed Profit
Loan: profit payable
Borrow: profit payable
Loan: Cash on hand (bank deposit)
Does a sole proprietorship enterprise need to pay enterprise income tax?
According to the provisions of the Notice on Income Tax Collection of Solely Proprietary Enterprises and Partnership Enterprises, since June 5438+1 October1,2000, sole proprietorship enterprises and partnership enterprises have stopped collecting enterprise income tax, and their investors' income from production and operation is levied according to the income from production and operation of individual industrial and commercial households.
The difference between profit distribution and undistributed profit
1, profit distribution
It is the distribution between the state and enterprises, enterprises and enterprises in accordance with the provisions of the total profits realized by enterprises and the profits obtained from joint ventures in a certain period (usually annual). The profit distribution procedure is generally divided into three stages:
(1) The total profits realized by the enterprise plus the profits of the joint venture, that is, the total income of the enterprise, and the tax-free items of the joint venture, creditors and enterprises of the enterprise shall be deducted for the first time according to the regulations before paying the income tax and adjusting the tax.
(2) Based on the taxable income of the enterprise, calculate the taxable amount according to the stipulated income tax rate and the adjusted tax rate, and redistribute it between the state and the enterprise. The balance of taxable income after deducting the taxable amount is the retained profit of the enterprise.
(3) Based on the retained profits of enterprises, the retained profits of enterprises will be converted into various special funds according to the prescribed proportion.
2. Undistributed profit
It is the future annual profit retained or to be distributed by the enterprise. That is to say, after the first profit distribution, the balance after the above distribution is undistributed profit.
Second, the subject level is different.
Profit distribution is the parent account of undistributed profits, and undistributed profits are only one of the detailed accounts in the profit distribution account. Profit distribution and undistributed profit are the relationship between first-level accounting subjects and second-level detailed subjects;
In addition to undistributed profits, there are other accounts for profit distribution, such as transfer, withdrawal of statutory surplus reserve, withdrawal of arbitrary surplus reserve, withdrawal of enterprise development fund, return of profits to investment, dividends payable for preferred stocks, dividends payable for common stocks, and dividends transferred to capital (or equity).
Third, the accounting application is different.
1, profit distribution, refers to the enterprise in accordance with the relevant provisions, the distribution of profits realized in that year, or to make up for the losses that occurred in that year. At the end of the year, if the account is a debit balance, it means that the accumulated losses have not been made up over the years, and if it is a credit balance, it means undistributed profits over the years.
2. Undistributed profit is the secondary subject of profit distribution. Undistributed profit in profit distribution table = undistributed profit at the beginning of the period+profit this year-profit distribution = undistributed profit at the end of the period.
The concept of sole proprietorship enterprise
A sole proprietorship enterprise refers to an enterprise legal person established in China in accordance with the Law of People's Republic of China (PRC) on Sole proprietorship Enterprises. It is invested by a natural person, and its property is owned by the individual. The investor shall bear unlimited liability for the debts of the enterprise with his personal property.
Characteristics of sole proprietorship enterprises
1. A sole proprietorship enterprise is invested by a natural person.
2. The investors of a sole proprietorship enterprise shall bear unlimited liability for the debts of the enterprise.
3. The sole proprietorship enterprise has simple internal organization and flexible management.
4. A sole proprietorship enterprise is an unincorporated enterprise.