Traditional Culture Encyclopedia - Hotel accommodation - Accounting subjects for buying food in the company kitchen.

Accounting subjects for buying food in the company kitchen.

The accounting subjects in this case are accounts payable and inventory.

1. Accounts payable: If a company buys ingredients from a supplier and fails to pay the money, it should record the expenditure in the accounts payable account.

2. Inventory: If the company purchases items that can be preserved for a long time, such as food, it should record this expenditure in the inventory account.