Red-ink reversal entry of invoice
If this year:
The entry for reversing the original accounting voucher in scarlet letter is as follows:
Borrow: raw materials and other subjects (red)
Taxes payable-VAT payable (input tax) (red)
Credit: cash on hand/bank deposit/accounts payable (red)
As the scarlet letter rushes back to the input, there will naturally be a credit balance of VAT payable. The borrower can transfer the unpaid value-added tax, and the lender will record the unpaid value-added tax or check and adjust the account. In fact, it is only handled from the perspective of tax payment, and it does not involve punishment.
Borrow: Taxes payable-VAT payable-Transfer out unpaid VAT.
Loan: Taxes payable-VAT payable-VAT inspection and adjustment.
Red-ink invoices are also called negative invoices, because the amount on the invoices is negative. When the invoice has been issued, but it is found that the invoice is wrong or returned by others, you can open a red-ink invoice to offset your wrong invoice.
After issuing a special VAT invoice, a general VAT taxpayer should issue a special VAT invoice in scarlet letter in case of sales return, sales discount and staggered invoices. But it does not satisfy the invalid condition. After the taxpayer sells the goods and issues a special VAT invoice to the buyer, because the buyer has purchased a certain amount of goods in a certain period of time, or because the market price has dropped, the seller gives the buyer corresponding discounts or concessions such as price concessions or compensation, and the seller can also issue a special VAT invoice in red ink according to regulations.
What is scarlet letter sterilization?
The scarlet letter write-off method is to write off the original wrong accounting entries with the scarlet letter first, then re-compile the correct accounting entries with the blue word and re-register the account books. Applicable to the case that the accounting subjects are wrong and the accounting subjects are correct but the accounting amount is wrong. Under normal circumstances, the scarlet letter write-off method is often used when errors are found in time and the subsequent accounting is not affected.