Transfer: According to Item (5) of Article 4 of the Detailed Rules for the Implementation of the Provisional Regulations on Value-added Tax, if the goods produced by ourselves or entrusted for processing are used for collective welfare or personal consumption, they will be regarded as selling goods.

Book at fair market value

Debit: management expenses-employee benefits

Loan: income from main business

Loan: Taxes payable-VAT payable (output tax)

Carry-over cost

Debit: main business cost

Loans: Goods in stock