For related economic business in catering industry, enterprises usually set up subjects such as main business cost, fixed assets, bank deposits and capital reserve for accounting. What should be done for accounting treatment of catering enterprises?

accounting entries of catering enterprises

1. Direct consumption meal purchase:

Borrowing: main business cost

Lending: cash on hand/bank deposit/accounts payable

2. Meals to be put in storage:

Borrowing: raw materials-meals

Lending: bank deposit/accounts payable

. When investors invest in capital or equity:

Borrow: bank deposits/fixed assets/raw materials/inventory goods

Taxes payable-value-added tax (input tax)

Loan: paid-in capital (equity)

Capital reserve-capital premium (equity premium)

5. When fixed assets are renovated:

Borrow. Other expenses incurred during the opening period:

Borrowing: management fees

Lending: bank deposits

7. Purchase of fixed assets

(1) When purchasing fixed assets:

Borrowing: fixed assets

Lending: bank deposits

(2) When building fixed assets:

Borrowing: