Borrow: entrust processing materials -a company (indicate the quantity of materials), and make corresponding remarks when collecting them.
Second, the production cost in the processing process is as follows:
Borrow: production cost
Borrow: raw materials-auxiliary materials
Wages payable
Benefits payable
production cost
Three. When the processing is completed and sent to the entrusting party as stipulated in the contract:
1. Confirm sales revenue
Debit: Accounts receivable (bank deposits)
Loan: main business income (excluding processing fees)
Loan: Taxes payable-VAT payable
2. Carry forward the cost of sales at the same time.
Debit: main business cost
Credit: production cost
3. Write off the materials entrusted for processing in the memorandum book.
Loan: entrusted processing materials-Company A (specify the quantity of materials)
Four. When the trustee pays taxes:
Borrow: Taxes payable-VAT payable
Loans: bank deposits