How to deal with the accountant who buys tables and chairs in the catering industry?

Regarding the economic business of buying tables and chairs in catering industry, accountants usually conduct accounting in such subjects as "turnover materials" and "bank deposits". How should the relevant accounting treatment be done?

Accounting entries for purchasing tables and chairs in catering industry

1. When purchasing tables and chairs in catering industry:

Borrow: reusable materials-low-value consumables-tables and chairs

Taxes payable-VAT payable (input tax)

Loans: bank deposits

2. At the time of collection:

Borrow: reusable materials-low-value consumables-tables and chairs (in use)

Borrow: reusable materials-low-value consumables-tables and chairs (in the warehouse)

3. When amortizing:

Borrow: management fee

Borrowing: revolving materials-low-value consumables-tables and chairs (amortization)

4. When carrying forward:

Borrowing: revolving materials-low-value consumables-tables and chairs (amortization)

Borrow: reusable materials-low-value consumables-tables and chairs (in use)

What is a reusable material?

Reusable materials are also called "reusable materials". In the construction process of building installation project, it can be used many times and basically keep its original physical form, and its value is gradually transferred to the project cost, but it does not constitute the tool material of the engineering entity. In order to calculate the planned cost of all reusable materials in inventory and use of construction enterprises, a "reusable materials" account should be set up. The number of borrowers registered in the library and the number of people in use; Creditors register the number of recipients, scrap, shortage or return; Balance represents the quantity in stock and in use. This course should be divided into two detailed subjects: "Inventory turnover materials" and "in-use turnover materials" for detailed accounting.

What is the tax payable?

Taxes payable refer to all kinds of taxes that should be paid by enterprises according to the operating income and profits achieved in a certain period of time and in accordance with the provisions of the current tax law. Including value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax, urban maintenance and construction tax, property tax, land use tax, travel tax, education surcharge and other taxes paid by enterprises according to law, as well as personal income tax collected and remitted by enterprises before being turned over to the state.

Enterprises should generally reflect the payment of various taxes and fees through the subject of "taxes payable", and make detailed accounting according to the items of taxes and fees payable. All kinds of taxes and fees payable by the credit registration of this course, all kinds of taxes and fees paid by the debit registration, and the final credit balance reflects the taxes and fees that have not been paid; At the end of the period, if the debit balance reflects overpayment or tax deduction.