Selling Expenses Detailed Accounts
Selling Expenses Detailed Accounts are operating expenses such as salaries, benefits, transportation, handling, insurance, packaging, exhibition, advertising, maintenance of merchandise, quality of the three packages, operating expenses, depreciation and so on.
Selling expenses account for all kinds of expenses incurred in the process of selling goods and materials and providing labor services.
Accounting Entries for Selling Expenses
Borrow: Selling Expenses
Taxes Payable - VAT Payable (Input Tax)
Credit: Bank Deposits
Remuneration Payable to Employees
Accumulated Depreciation
At the end of the period:
Debit: profit for the year
Loan: selling expenses
Difference between selling expenses and administrative expenses
Different definitions:
Selling expenses refers to all kinds of expenses incurred in the process of selling goods and materials and providing labor services in an enterprise; administrative expenses refers to all kinds of expenses incurred by the administrative department of an enterprise for the purpose of organizing and managing production and business activities.
Includes different contents:
Selling expenses include insurance premiums, packaging costs, exhibition and advertising costs, commodity maintenance costs, expected product quality assurance losses, transportation costs, loading and unloading costs, etc., as well as for the sale of the enterprise's commodities and sales organizations dedicated to sales (including sales outlets, after-sales service outlets, etc.) of the employee compensation, business expenses, depreciation and other operating costs. Expenses. Subsequent expenditures such as fixed asset repair costs incurred by the enterprise in connection with the dedicated sales organization also belong to selling expenses.
Administrative expenses include specific items: the board of directors and administrative departments in the management of the enterprise, or should be borne by the enterprise company funds, labor union funds, unemployment insurance premiums, labor insurance premiums, board of directors fees, intermediary fees, consulting fees, litigation costs, business hospitality, office expenses, travel costs, postage and electricity, green fees, management salaries and welfare costs. Welfare expenses, etc.