1. Entry for raw materials warehousing:

Borrowing: raw materials

Loan: bank deposit/accounts payable

2. Entry for raw materials warehousing:

Borrowing: production cost

Loan: raw materials

When they have not been accepted and warehousing, they are still in transit.

according to the deductible VAT, debit the subject of "tax payable-VAT payable (input tax)", and credit the subjects of "bank deposit" and "notes payable" according to the actual amount paid or payable.

Extended data:

Main accounting treatment of raw materials.

(1) For the materials purchased by the enterprise and accepted and put into storage, the account shall be debited according to the planned cost or actual cost, credited to the account of "material procurement" or "materials in transit" according to the actual cost, and debited or credited to the account of "material cost variance" according to the difference between the planned cost and actual cost.

(2) For the self-made materials that have been accepted and put into storage, debit this account according to the planned cost or actual cost, credit "production cost" account according to the actual cost, and debit or credit "material cost difference" account according to the difference between the planned cost and actual cost.

for materials that have been processed by the entrusting unit and have been accepted and put into storage, the account shall be debited according to the planned cost or actual cost, credited to the account of "materials entrusted for processing" according to the actual cost, and debited or credited to the account of "material cost variance" according to the difference between the planned cost and the actual cost.

(3) The materials used for production and operation shall be debited to such subjects as "production cost", "manufacturing expense", "sales expense" and "management expense" and credited to this subject. The cost of selling materials is carried forward, and the account of "other business costs" is debited and credited to this account. Materials processed by outsourcing units shall be debited to the subject of "entrusted processing materials" and credited to this subject.

if the planned cost is used for daily accounting of materials, the difference in material cost should be carried forward for the issued materials, and the planned cost of the issued materials should be adjusted to the actual cost. If the actual cost is used for daily accounting of materials, the actual cost of materials issued can be determined by FIFO method, weighted average method or specific identification method calculation.

Baidu Encyclopedia-Raw Materials Subject