What Is a Certificate of Sale?

Sales discount refers to the discount given by the enterprise on the selling price due to reasons such as the quality of the goods sold not meeting the requirements. After the enterprise sells the goods to the buyer, if the buyer finds that the goods do not meet the requirements in terms of quality and specifications, the seller may be required to give a certain price reduction. If the sales discount occurs before the recognition of sales revenue, it shall be recognized directly after deducting the sales discount when the sales revenue is recognized; the sales discount of the goods sold for which sales revenue has been confirmed is not a matter after the balance sheet date If it occurs, the income from the current sales of goods should be deducted when it occurs. If the VAT deduction is allowed according to regulations, the confirmed VAT output tax payable should also be deducted. ^[1]

Sales discount

Right!

Refers to the concession on the selling price due to the unsatisfactory quality of the goods sold or the large amount of the order, and the removal of fractions (such as: 1000023.00RMB buyers require 23 yuan to remove).

When a sales discount actually occurs, the sales income of the enterprise is written off.

The best difference between a discount and a discount is whether it is invoiced!

For example: A sells 1,000 yuan (excluding tax) to B, and the invoice is 1000 + 13% * 1000 = 1130 yuan, 13% * 1000 = 130 yuan

B thinks that A's product is unsatisfactory, and proposes a 10% discount.

Sales discount refers to the concession that the sales unit agrees to give on the price of the product because the quality and specifications of the product do not meet the requirements. In the calculation, since the sales discount does not have the attribute of expenses, it should be treated as a deduction of income.

Entries are as follows:

[Example] Company A sold a group of products on July 18, 2007.

Accounting methods for returns and sales discounts:

Returns and sales discounts are regular business operations of enterprises. If these businesses are not handled properly, it will cause a lot of inconvenience in accounting.

1. The purchaser has not paid for the goods and has not processed the accounts

The purchaser must return the original sales tax invoices of the second (tax deduction) and third (invoice) and product (commodity) sales orders to the seller, and the seller should do so under different circumstances. Mentioned processing:

When the seller has not accounted for the account, he shall mark all special invoices as invalid, and paste the invoice and deductions on the back of the stubs.

When the seller has entered the account, issue a red letter (negative) invoice of the same amount, tear off the bookkeeping account, and use it as the basis for deducting the current sales income and output tax, and deduct the returned blue letter invoice and deduct it. The tax is attached to the invoice of the red (negative) invoice, and the original voucher number of the blue invoice invoice is indicated for easy reference. In another case, the unit price of the product (commodity) has changed. For example, the seller and the buyer have agreed to increase or decrease the price of the product issued last month (the invoice was billed at the original price in the previous month, and account processing and Tax return), after the buyer should return the invoice and deduction coupon issued last month, the seller will re-issue a blue invoice at the current price this month, tear off the newly opened blue invoice and deduction coupon, and mail it To the buyer, the bookkeeping couplet will make up this month's less-received (refunded more) accounts last month, and attach the changed contract or agreement to it. And indicate the source (voucher number) of the original bookkeeping couplet last month. The returned blue invoice slip and deduction slip are pasted after the blue invoice slip is reopened this month. The seller shall not deduct the current sales income and output tax before receiving the special invoice returned by the buyer.

2. The purchaser has paid the goods or the payment has not been paid but has been accounted for, and the invoice coupon and the deduction coupon cannot be refunded:

The purchaser must obtain the withdrawal of purchase or a certificate of discount issued by the local competent tax authority, and submit it to the seller as the legal basis for the seller to issue a special invoice with a red letter (negative number). The seller shall not issue a special red (negative) invoice before receiving the certificate; after receiving the evidence, issue a special red (negative) invoice to the buyer based on the quantity, price or discount of the returned goods. The stub coupons and bookkeeping coupons of the scarlet (negative) special invoices are used as vouchers for the seller to deduct the current sales income and output tax, and the invoice coupons and tax deductible coupons are used as the voucher for the buyer to deduct the inventory goods and input tax.

For example: the company sells a batch of goods to company B (both companies are general taxpayers), and issues a special value-added tax invoice, indicating the amount of the payment (200,000 yuan), the tax amount of 34,000 yuan, the cost of the batch of goods is 150,000 After receiving the goods, invoices and product (commodity) sales orders, company B found out that there was a quality problem in the goods when it was tested by the relevant testing department, and requested that all goods be returned, and the company agreed after consultation. If Company B (the purchaser) has not paid at this time and has not processed the account, it must actively return the invoice coupon and the tax deduction coupon to the company, and the company should handle it differently according to different situations:

If the company hasn't entered the account, all invoices of the invoice should be marked as invalid, and the invoice coupon and deduction coupon should be pasted on the back of the stub coupon.

If the company has been booked and made the following accounting entries:

Borrow: Accounts receivable-Company B 234000

Loan: Product sales income 200,000

Taxes payable-value-added tax (output tax) payable 34000

It should be adjusted as follows:

A separate red letter invoice of the same amount is to be issued, and the red letter invoice link is torn off and entered into the account, and the current sales income and output tax are deducted for accounting entries:

Borrow: Accounts receivable-Company B 234000 (red letter)

Loan: Product sales income 200,000 (red letter)

Tax payable-VAT payable (output tax) 34000 (red letter)

Paste the returned blue invoice and deduction coupon on the red invoice, and indicate the number of the billing voucher where the blue invoice invoice is located.

In the above example, if Company B received the invoice and the goods, it was paid or unpaid but it was recorded (accounting entries are omitted). When returning the goods, Company B's invoice coupon and deduction coupon cannot be returned to the company. Company B should go to its competent taxation authority to issue a "certificate of withdrawal from purchase or obtain a certificate of discount", and send its "certificate coupon" to the company as the basis for issuing a special red letter invoice.

(A) After receiving the "Certificate", the seller shall issue a special red letter invoice based on the quantity and price of the returned goods, and process it as an account. The entry is:

Borrow: bank deposit (accounts receivable-company B) 234000 (red letter)

Loan: Product sales income 200,000 (red letter)

Tax payable-VAT payable (output tax) 34000 (red letter)

After the seller receives the returned goods, it shall be accounted for as a reduction of the cost of sales:

Borrow: Product sales cost 150000 (red letter)

Credit: Finished products 150,000 (red letter)

(b) The purchaser (Party B) also adjusted the corresponding accounting treatment after returning the counterparty's scarlet invoice and return:

Borrow: Inventory goods (raw materials) 200000 (red letter)

Tax payable-value-added tax (input tax) payable 34000 (red letter)

Loan: bank deposit (accounts payable-Company A) 234000 (red letter)