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Which account should packaging materials be included in?

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overview packaging materials should be included in:

1 For the production of collected packaging materials, according to the actual cost or planned cost of the collected packaging materials,

debit the “production cost” title and credit the “revolving materials – packaging materials”, “material cost difference” and other subjects

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2. The packages sold with the goods but not priced separately shall be included in the selling expenses according to their actual cost when they are delivered

3. On the one hand, the package sold with the goods and priced separately shall reflect its sales revenue and be included in other business income; On the other hand, it shall reflect its actual sales cost and be included in other business costs

packaging materials are generally included in the revolving materials – packaging materials account

1. Purchased packaging materials: Debit: revolving materials – packaging materials – taxes payable – VAT payable (input tax) Credit: bank deposit (cash, accounts payable)

2. Production collection packaging materials debit: production cost credit: packaging materials 3. Packaging materials sold with products but not priced separately debit: product sales expenses credit: packaging materials 4 Packing materials sold with products and priced separately debit: other business expenses credit: packing materials

what account are packing materials included in

packaging materials are generally treated as revolving materials first, and then different accounts are made according to the purpose of packaging materials when they are delivered, generally including sales expenses, manufacturing expenses and management expenses

packaging materials refer to various packaging containers reserved for packaging the goods of the enterprise, such as barrels, boxes, bottles, jars, bags, etc

its accounting contents include:

1 Packaging materials used to package products as part of products in the production process

2. Packages that are sold with the goods and are not priced separately

3. Packages priced separately with the sale of goods

4. Packages rented or lent to the purchasing unit for use

in order to reflect and supervise the increase and decrease of packaging materials and their value loss and balance, enterprises should set up the account of “revolving materials – packaging materials” for accounting

for the production of collected packaging materials, debit the “production cost” account and credit the “revolving materials – packaging materials”, “material cost variance” and other accounts according to the actual cost or planned cost of the collected packaging materials.

packaging materials are generally included in the revolving materials – packaging account 1. Purchased packaging materials: Debit: revolving materials – packaging materials
taxes payable – VAT payable (input tax) Credit: bank deposits (cash and accounts payable)
2. Production collecting packaging materials
debit: production cost
Credit: packaging materials

3 Packages sold with products but not priced separately
debit: product sales expenses
Credit: packages
4. Packages sold with products and priced separately
debit: other business expenses
Credit: packages

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