Shanghai billboard reinforcement project cost

The large-scale billboard production project is to issue an invoice for the advertising fee content.

The accounting treatment for billboard production project expenses incurred by the unit is,

Debit: long-term deferred expenses,

Tax payable - value-added tax payable (Input tax),

Credit: bank deposits and other accounts.

When amortizing, the accounting treatment is,

Debit: sales expenses - advertising expenses,

Credit: long-term deferred expenses.

The production costs are directly charged to the current cost, and there is no need to go through construction in progress or construction projects