In the operation of catering industry, the inventory of raw materials is usually carried out regularly, and enterprises set up accounts payable, raw materials and other subjects for accounting. What should be done about the accounting entries of inventory of raw materials in catering industry?

Accounting entries for the inventory of raw materials in the catering industry

At the end of the month, raw materials and food will be directly accounted for according to the category of "direct dial list", and the kitchen secondary warehouse will be "falsely returned" to ensure the accuracy of current cost accounting.

Borrow: main business cost

Loan: accounts payable

After the kitchen inventory of the "secondary warehouse" at the end of the month:

Borrow: raw materials

Loan: main business cost

Processing of the first voucher of the following month:

Borrow: main business cost

Loan: raw materials

What?

raw materials refer to all kinds of raw materials, main materials and outsourced semi-finished products that have been processed and changed in shape or nature in the production process, and auxiliary materials that do not constitute product entities but contribute to product formation. Raw materials specifically include raw materials and main materials, auxiliary materials, outsourced semi-finished products (outsourced parts), spare parts for repair (spare parts), packaging materials, fuel, etc.

the daily receipt, delivery and balance of raw materials can be accounted by actual cost or planned cost.

what are accounts payable?

Accounts payable refer to the amount that an enterprise should pay for business activities such as purchasing materials, commodities or accepting labor services. Accounts payable should generally be confirmed when the main risks and rewards related to the ownership of purchased materials have been transferred or the purchased services have been accepted.