in the course of operation, the catering industry also needs to carry forward the cost. When the catering industry carries forward the cost, it can be recorded in the main business cost account. How to compile the relevant accounting entries?

accounting entries for the transfer cost of catering industry

1. At the beginning of the month, Record the remaining materials counted last month in the next month's account (red-ink amount counted last month)

Borrow: main business cost

Loan: raw materials

2. Borrow: cash on hand, bank deposit

Loan: main business income

Taxes payable-VAT payable

3. Pay wages and other expenses. At the end of the month, when carrying forward costs and expenses,

debit: profit of this year

loan: sales expenses

5, when purchasing goods

debit: raw materials

taxes payable-value-added tax payable (input tax)

loan: bank deposit

6, when materials leave the warehouse

debit: production costs

. At the time of sale (for actual enterprises),

Borrowing: issuing goods

Lending: inventory goods

Borrowing: accounts receivable

Lending: taxes payable-VAT payable

Borrowing: cash on hand, bank deposits

Lending: accounts receivable

What are the main business costs?

the main business cost refers to the cost of business activities such as selling goods and providing services. Enterprises generally transfer the cost of goods sold and services provided to the main business cost when confirming the main business income such as goods sold and services provided, or at the end of the month. An enterprise shall set up the subject of "main business cost" and make detailed accounting according to the types of main business, which is used to calculate the actual costs incurred by the enterprise due to its daily activities such as selling goods, providing services or transferring the right to use assets.

what is the main business income?

main business income refers to the business income obtained by enterprises engaged in production and business activities in this industry. The main business income includes the sales of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; Income from sales of commodities by commodity circulation enterprises; Ticket income, customer income, catering income of tourism service industry, etc.