when accounting personnel handle the carry-over cost business of catering industry, they usually count it into accounting subjects such as "main business cost" and "bank deposit". How to make specific accounting entries?

accounting entries of carry-over cost of catering industry

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

Borrow: main business cost

Loan: raw materials

2. Taxes paid by the catering industry are value-added tax:

(1) When operating income is obtained:

Borrow: cash on hand/bank deposit

Loan: main business income

. When purchasing materials to pay wages and other expenses:

debit: sales expenses

credit: cash on hand

(3) when carrying forward costs and expenses at the end of the month:

debit: current year's profit

credit: sales expenses

What is sales expenses?

sales expenses are expenses related to the activities of selling goods by enterprises, but they do not include the cost of selling goods and labor costs, which belong to the main business costs. Enterprises should account for the occurrence and carry-over of sales expenses through the subject of "sales expenses". The debit of this account registers the sales expenses incurred by the enterprise, and the sales expenses transferred to the "profit of this year" account at the end of the credit registration period. After the transfer, the "sales expenses" account should have no balance. "Sales expenses" should be accounted for in detail according to the expense items of sales expenses.

what is the main business cost?

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 should 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 labor services or transferring the right to use assets, debit this subject, and credit the subjects such as "goods in stock" and "labor service cost". At the end of the period, the balance of the main business cost will be transferred to the "profit this year" account, and the "profit this year" will be debited and credited to the account. After the carry-over, the "main business cost" account has no balance.