in the course of daily operation, enterprises will generate various expenses, such as meals, electricity, water and bus fares. What are the relevant accounting entries about meals incurred by enterprises?

accounting entries for meal expenses

1. Meal expenses for business entertainment:

Debit: management expenses-business entertainment expenses

Loan: cash on hand/bank deposit

2. Meal expenses for employees:

Debit: salary payable to employees-employee welfare expenses

Loan: cash on hand/bank deposit.

management expenses refer to all kinds of expenses incurred by the administrative department of the enterprise for organizing and managing various production, operation and production activities, which belong to the period expenses, and are included in the losses or gains of the current period when they occur.

management expenses belong to profit and loss accounts. The debit of this account registers the management expenses incurred by the enterprise, and the management expenses transferred to the "profit of this year" account at the end of the credit registration period. After the transfer, there should be no balance in this account.

what is cash on hand?

Cash on hand refers to the currency deposited in the accounting department of an enterprise and managed by cashier. Cash on hand is the most liquid asset of an enterprise. Enterprises should strictly abide by the relevant national cash management system, correctly calculate cash receipts and payments, and supervise the legality and rationality of cash use.

Cash-on-hand account belongs to asset account, which is used for accounting cash-on-hand of enterprises. Debit reflects cash-on-hand income, while credit reflects cash-on-hand expenditure. Ending balance is in debit, which means cash-on-hand balance, and generally it is not in credit.

The detailed classified accounting of Cash on hand account is performed by setting cash book. Cash book is a chronological account that reflects and supervises the balance of cash receipts and payments. It is necessary to adopt a customized account book and number each account page in sequence. At the end of each day, the total cash income, total cash expenditure and balance of the day should also be calculated, and the balance should be checked with the actual inventory.