Traditional Culture Encyclopedia - Traditional culture - What is the accounting treatment for rough processing of Chinese herbal medicines? What is the accounting treatment for the purchase of Chinese herbs from agricultural producers, after washing, cuttin
What is the accounting treatment for rough processing of Chinese herbal medicines? What is the accounting treatment for the purchase of Chinese herbs from agricultural producers, after washing, cuttin
What is the accounting treatment for rough processing of Chinese herbal medicines? What is the accounting treatment for the purchase of Chinese herbs from agricultural producers, after washing, cutting, removing roots and stems, and then sold?
When purchasing: Debit: Raw materials Tax payable - VAT payable (input tax) Credit: Cash
Processing costs (wages, etc.): Debit: Operating expenses - wages Credit: Cash
After processing: Debit: Inventory goods Credit: Raw materials
When selling: Debit: Cash (bank deposits) Credit: Revenue from main business Tax payable - VAT payable (output tax)
Sales completed: Debit: Cost of main business Credit: Inventory goods
If the above is not reasonable, please other colleagues to give corrections. Thank you!
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