Accounting entries for purchasing oil and salt in catering industry
The rice, oil and salt purchased by catering industry should be included in the subject of "raw materials".
Borrow: raw materials
Loan: bank deposit/cash on hand.
Where the input tax of value-added tax that can be deducted according to the tax law is involved, the account of "Taxes payable-VAT payable (input tax)" shall be debited.
Can food and beverage purchase vegetables from individual vendors be deducted?
1. If the supplier can provide an ordinary VAT invoice, the input tax deduction can be calculated according to the VAT regulations.
2. The general taxpayer of value-added tax in catering industry can purchase agricultural products produced by agricultural producers, and can use the purchase invoices of agricultural products supervised by the state tax authorities.
After buying the food and getting the invoice:
Debit: Payables-Payables
Credit: other payables/accounts payable
When paying:
Debit: Other payables/accounts payable
Credit: cash on hand/bank deposit.
What are raw materials?
Raw materials refer to all kinds of raw materials and main materials, auxiliary materials, fuels, spare parts for repair (spare parts), packaging materials, outsourced semi-finished products (outsourced parts), etc. They are processed and changed in the production process to form the main entity of the product.
The raw material account is mainly used to calculate the receipt, delivery and balance of various materials in inventory. The borrower registers the actual cost of warehousing materials and the lender registers the actual cost of issuing materials. The ending balance is debited, reflecting the actual cost of the enterprise's inventory materials.