Which accounting subject should be included in the hotel's purchase of curtains?

The newly established company needs to buy curtains for decoration. The company must have windows. What if the hotel buys curtains? Which accounting subject should the cost of buying curtains be included in? Learn from the deep space network!

How much should the hotel charge for the curtains?

If it is before the opening of the business, it can be collected in the long-term deferred expenses-organization expenses, and when the first income is obtained, it will be transferred to management expenses or one-time allocation.

How to make accounting entries for purchasing curtains?

For expenses incurred during the preparation period, the accounting entries are as follows:

Borrow: Long-term evaluation fee-preparation fee

Loan: bank deposit or cash on hand.

If it is amortized in several years, it will be amortized in the month when it starts to operate.

Borrow: management expenses-amortization of construction expenses

Loan: Long-term expected contribution-preparation fee

In fact, a small amount of curtains can be directly included in the accounting subjects of low-value consumables. If the amount is tens of thousands, it needs to be included in the fixed assets.

If the curtains are purchased by public institutions, how should they be accounted for?

It depends on who the curtain is used for. If it is an administrative office worker, it is included in the management expenses; if it is a salesperson, it is included in the sales expenses; if it is a workshop manager, it is included in the manufacturing expenses.

If the curtain is purchased by the company, which accounting subject should it be included in?

Directly included in the "management expenses-office expenses or other" subjects, if only curtains are installed separately, they should be directly included in the management expenses and office expenses. In addition to curtains, there are other renovations, and the overall renovation cost is relatively large, which is easy to affect the appreciation of the year-end statements directly included in the management expenses. The cost of curtain installation can be combined with other decoration expenses and included in the long-term deferred expenses-decoration expenses. The tax law stipulates that the amortization period of decoration expenses shall not be less than 5 years, and the accounting stipulates that it shall be amortized according to the shorter of service life and lease life. It is suggested to measure according to the time limit stipulated in the tax law to avoid adjusting the income tax at the end of the period.