Accounting entries of company's purchase of drinks
(1) The accounting entries of food used for business entertainment expenses are:
Borrow: management expenses-business entertainment expenses
Loans: bank deposits
(2) Accounting entries for food used for employee welfare are:
Borrow: management fee-welfare fee
Loans: bank deposits
2. In hot weather, the company often buys some cool drinks for employees working outdoors to prevent heatstroke and cool down.
Borrow: management fee-labor insurance fee
Loans: bank deposits
3. If the company is a liquor sales company, accounting entries:
Borrow: inventory goods
Taxes payable-VAT payable (input tax)
Loan: bank deposit (or accounts payable)
Management expenses refer to the expenses incurred by enterprises for organizing and managing production and operation. Including: start-up expenses, company funds, legal fees, business entertainment expenses, trade union funds, directors' membership fees, property taxes, stamp duty, technology transfer fees, travel taxes, land use taxes incurred in enterprise management or borne by enterprises, etc.
Inventory goods refer to all kinds of goods that the enterprise has completed the whole production process, accepted and put into storage, reached the standard specifications and technical conditions, can communicate with the ordering unit according to the conditions stipulated in the contract, or can be sold as goods, and purchased or commissioned to complete the acceptance and storage sales.
Taxes payable and value-added tax payable refer to the value-added tax payable by ordinary taxpayers and small-scale taxpayers in the current period when they sell goods or provide processing, repair and replacement services. This item is filled in according to the difference between output tax and input tax. It should be noted that if the general taxpayer's enterprise input tax amount is greater than the output tax amount, resulting in a negative tax amount, the item shall be filled with zero, and the negative number shall not be filled.