In the daily operation of catering industry, subjects such as main business cost, raw materials and fixed assets are usually set for business processing. What should I do with accounting entries of catering industry?

accounting entries for the catering industry

1. Purchase of raw materials such as vegetables

Borrowing: raw materials-vegetables/meat

Lending: cash on hand/accounts payable

2. Payment of labor wages,

Debit: main business cost

Loan: payroll payable to employees

Debit: payroll payable to employees

Loan: cash on hand

3. Purchase accessories

Debit: main business cost

Loan: cash on hand

4. Purchase equipment that meets the requirements of fixed assets. For example, air conditioner

loans: fixed assets

loans: cash on hand/bank deposits/accounts payable

5, payment of rent, utilities, etc.

loans: sales expenses-rent

sales expenses-utilities

loans: cash on hand/bank deposits/accounts payable

6, income accounting

. Depreciation accrual

Debit: sales expenses

Loan: accumulated depreciation

8, tax calculation

Debit: tax payable-VAT

tax payable-urban construction tax

tax payable-education surcharge

9, month-end carry-over cost, Expenses

Debit: main business cost

Loan: raw materials

Borrow: this year's profit

Loan: main business cost

sales expenses

taxes and additional

income tax expenses (if not done)

11, carry-over income

Debit: main business income

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