What are the accounting entries for expired drinks?
1, when it happens:
Borrow: Loss and overflow of pending property.
Credit: inventory goods and other subjects.
2. When solving:
Borrow: Management expenses (reasonable loss)
Non-operating expenses (abnormal losses, large amount, need to be reported to the tax authorities for approval)
Other receivables (some personal or unit salaries need to be deducted)
Loan: loss and surplus of pending property.
What should I do with accounting entries that have expired due to poor management?
1. Confirm that the inventory has expired:
Debit: loss and surplus of pending property-loss and surplus of pending current assets.
Loans: Goods in stock
Taxes payable-VAT payable (transfer-out input tax)
2. When the report is approved for post-processing:
Borrow: management fee
Loan: loss and surplus of pending property-loss and surplus of pending current assets.
(3) Persons who need to be held accountable:
Debit: Other receivables.
Loan: loss and surplus of pending property-loss and surplus of pending current assets.
What should be accounted for in the subject of pending property loss and overflow?
The pending property loss account belongs to the transitional account of assets. The borrower registers the write-off amount of inventory loss, damage amount and inventory gain, and the lender registers the write-off amount of inventory loss and inventory gain. The subject of pending property loss and overflow accounts for all kinds of property gains and losses and damaged values recognized by enterprises in the process of property inspection, as well as abnormal inventory losses and losses of materials in transit. In accounting treatment, enterprises can also make detailed accounting of this account according to the asset categories and items of inventory surplus and inventory deficit. When closing the account at the end of the period, the account should have no balance.