Tableware in catering industry should be included in the subject of turnover materials, and low-value consumables can be set in the secondary detailed subjects.

At the time of purchase, the accounting entries are:

Borrowing: revolving materials-low-value consumables-taxes payable-value-added tax payable (input tax)

Lending: cash on hand/bank deposits

Materials that enterprises can use for many times and gradually transfer their value but still maintain their original form and are not recognized as fixed assets, such as packaging and low-value consumables.

the planned cost or actual cost of enterprise's turnover materials, including packaging materials and low-value consumables, shall be accounted by the subject of "turnover materials". This course can be divided into "in stock", "in use" and "amortization" according to the types of reusable materials.

Extended data

Accounting of low-value consumables:

1. Purchase: reusable materials-low-value consumables

2. Amortization:

1. One time: if the amount is small, it can be included in the cost at the time of collection to simplify accounting, but in order to strengthen physical management, it should be recorded in the memo book (low-value consumables ledger).

2. classification: if the turnover materials of enterprises, such as low-value consumables, meet the definition and conditions of inventory, they will be included in the cost according to the number of times of use.

if an enterprise adopts one-time amortization method or amortization method, its low-value consumables are accounted according to the planned cost, and at the end of the month, the planned cost should be adjusted to the actual cost according to the category difference rate of low-value consumables.

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