What expenses should be included in the loss of feed on cattle farms

There are several accounting treatments for what expenses should be included in the loss of feed in cattle farms, as follows:

1. Normal wear and tear:

Borrow: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

Credit: raw materials.

1) The value-added tax payable for inventory loss caused by abnormal losses at the time of purchase shall be transferred to the account of "property loss and excess to be disposed of".

Borrow: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

Credit: tax payable VAT payable (input tax transferred out) 2) The inventory loss should be transferred according to the reasons for the inventory loss, which belongs to the loss within the quota and the error in the measurement of the daily receipt and dispatch of the inventory, and is transferred to management expenses after approval.

Borrow: Administrative expenses.

Credit: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

3) For the losses that should be compensated by the negligent party, the following entries shall be made:

Debit: Other receivables.

Credit: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

4) For inventory losses caused by natural disasters and other irresistible reasons, the following entries should be made:

Borrow: Non-operating expenses Very loss.

Credit: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

5) For other losses that cannot be recovered, they will be credited to the "management expense account" after approval

Borrow: Administrative expenses.

Credit: Loss and Excess of Property to be Handled Loss and Excess of Current Assets to be Treated.

Feed from cattle farms is a raw material for production, and I think there are two cases.

Artificial management caused by loss, first by the corresponding personnel compensation part (debit other receivables - * insured, should also borrow other receivables --- insurance company, to deal with the loss and overflow of timber, after approval, to be disposed of the profit and loss of timber transferred to the management expenses.

The loss caused by force majeure shall be recorded in the production loss and overflow of the timber to be treated first, and shall be credited to the expenditure of the business office after the approval of the batch.

Hope it helps.

Feed from cattle farms is a raw material for production, and I think there are two cases.

Artificial management.

into losses, first by the corresponding personnel to compensate part of the (debit other receivables - * insured, should also borrow.

Other receivables --- insurance company, to be disposed of by the loss and loss of timber production, after approval, to be disposed of of by the profit or loss of timber production transferred to management expenses.

Because of force majeure. Force.

The loss caused by it shall be recorded in the production loss and overflow of the timber to be treated first, and shall be recorded after the approval of the batch.

Office Expenditures.

Hope it helps.

Feed from cattle farms is a raw material for production, and I think there are two kinds of imitation cases.

Artificial management caused by loss, first by the corresponding personnel compensation part (debit other receivables - * insured, should also borrow other receivables --- insurance company, to deal with the jujube material loss and overflow, after approval, to be disposed of the profit and loss of the timber transferred to the management expenses.

The loss caused by force majeure shall first be recorded in the production loss and overflow of the fiber material to be disposed of, and shall be credited to the expenditure of the business office after approval.

Hope it helps.