when supplying drinks to the catering industry, many suppliers often give drinks to the catering industry to increase the sales of drinks and seize market share. How to make accounting entries for the gift of drinks by catering suppliers?

accounting entries of drinks donated by catering suppliers

revenue confirmation:

borrowing: non-operating expenses

loan: main business income

carry-over cost:

borrowing: main business cost

loan: inventory goods

Meanwhile, drinks purchased by small-scale taxpayer catering enterprises:

borrowing: inventory goods <

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 "goods in stock" and other subjects. 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.