If the unit price is more than 2000 yuan, it will be recorded in fixed assets;

If the unit price is 200-2000 yuan, it will be recorded as low-value consumables;

If the unit price is below 200 yuan, it will be recorded as operating expenses-other;

Tableware purchased for employees' meals is recorded as management fee-welfare fee;

Large amount can be included in fixed assets, and small amount can be included in management expenses-welfare expenses. The new accounting system no longer allows prepaid expenses.

Large scale, converted into fixed assets;

Small, not up to the standard of fixed assets, into the welfare fund;

Extended data

At the end of the month, summarize the dining expenses in the canteen and make the following entries.

Borrow: Payable staff salaries-welfare expenses

Credit: Cash on hand

Quit at the same time

Borrow: management fee-welfare fee

Loan: Payable salary-welfare expenses.

Under the new accounting standards, the salary payable to employees is a collection subject. Generally speaking, all benefits for employees are included in this subject, because it is also an expense in the income statement. Included in the management fee.

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